Aster Enhances VIP Discounts, Liquidity Rebates for Perpetual Contracts

Aster, a decentralized exchange (DEX) specializing in perpetual contracts, has announced a significant update to its VIP fee discount and liquidity provider rebate rules. This move is aimed at enhancing user experience and incentivizing liquidity provision on the platform. The new rules are designed to offer more attractive benefits to both VIP users and liquidity providers, fostering a more robust and dynamic trading environment.

The updated VIP fee discount structure is intended to reward high-volume traders with reduced trading fees. The VIP system is divided into 6 levels from VIP 0 to VIP 5, with the level determined by the user's 14-day weighted trading volume. The highest level, VIP 5, has a Taker fee of only 2.5 basis points, while from VIP 3 onwards, the Maker fee has been reduced to 0 basis points. This adjustment is expected to attract more active traders to the platform, thereby increasing overall trading activity.

The new rules also introduce a more generous rebate system for liquidity providers. The liquidity provider rebate is divided into 3 levels, with Maker fees ranging from -0.25, -0.5 to -1 basis point. The system will calculate and distribute Maker rebates every 30 minutes based on the published fee schedule. These rebates can be tracked in the trading history in Pro mode. This, in turn, is likely to improve market depth and reduce slippage, making the trading experience smoother for all users.

The changes reflect Aster's commitment to continuously improving its services and staying competitive in the rapidly evolving DEX landscape. By offering more competitive fee structures and rebates, Aster aims to attract a larger user base and solidify its position as a leading player in the perpetual contract trading space. The platform's focus on user experience and liquidity provision is a strategic move to ensure sustained growth and user satisfaction.

The new rules are part of Aster's broader strategy to enhance its platform's appeal and functionality. The platform has been known for its innovative approach to decentralized trading, and these updates are a testament to its dedication to providing a superior trading experience. With these changes, Aster is poised to attract more users and liquidity providers, further strengthening its market position. The platform's efforts to create a more attractive and efficient trading environment are likely to yield positive results, benefiting both users and the platform itself.