Aster USDF

USDF is a yield-bearing stablecoin issued by Aster, convertible with USDT at a 1:1 ratio. Underlying USDT funds are used to create and maintain delta neutral positions that back USDF and generate asUSDF yields

## Overview Aster USDF is a yield-bearing stablecoin protocol built on Binance Chain that issues USDF tokens backed 1:1 by USDT. Unlike standard stablecoins that generate no returns, USDF holders earn yields (distributed as asUSDF) derived from delta-neutral trading positions maintained by the Aster protocol. The underlying USDT collateral remains convertible at parity, meaning users can redeem USDF for USDT at any time at a 1:1 ratio. This design bridges the gap between capital preservation and yield generation—two objectives that traditionally require choosing between a static stablecoin or