YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues
Aster (ASTER), the decentralized trade backed by Binance founder Changpeng Zhao’s funding agency YZi Labs, has postponed its upcoming airdrop after figuring out “potential knowledge inconsistencies.”
Key Takeaways:
- Aster delayed its airdrop after uncovering potential knowledge inconsistencies affecting some consumer allocations.
- The postponement follows consumer complaints about inaccurate outcomes from the undertaking’s “S2 airdrop checker” software.
- DeFiLlama additionally suspended Aster’s buying and selling knowledge amid Binance-like quantity correlations.
Originally set for October 14, the airdrop will now happen on October 20, pending inside verification, the team announced on Friday.
Aster Promises Fair Adjustments After Users Flag Airdrop Allocation Errors
The Aster crew mentioned it will replace “sure customers’ allocations the place wanted,” noting that “for many customers, allocations mustn’t fall beneath the ultimate snapshot RH% in every epoch.”
The reason for the discrepancies was not totally detailed, however the resolution follows consumer complaints about inaccurate outcomes from the “S2 airdrop checker” software launched earlier within the day.
One dealer claimed an allocation of solely 336 ASTER tokens regardless of having generated over $9 million in buying and selling quantity. In whole, 153,000 wallets are eligible for the Aster Genesis: Stage 2 airdrop.
Formerly generally known as APX Finance, Aster is a cross-chain perpetual futures DEX working on Solana, Ethereum, Arbitrum, and BNB Chain.
The platform, which goals to rival Hyperliquid, recorded greater than $420 billion in buying and selling exercise final month, based on The Block.
At the time of writing, ASTER is buying and selling close to $1.69, largely regular regardless of broader market weak point pushed by renewed commerce tensions following Donald Trump’s announcement of 100% tariffs on Chinese imports.
Last week, DeFiLlama temporarily removed trading volume data for Aster after detecting unusually high correlations with Binance’s perpetual volumes.
Co-founder 0xngmi introduced the delisting on October 5, citing knowledge integrity considerations after Aster’s XRP/USDT and ETH/USDT pairs confirmed almost 1:1 correlation ratios with Binance.
The analytics website mentioned it lacks the granular knowledge wanted to substantiate potential wash buying and selling, prompting the suspension till verification turns into attainable.
The transfer has divided the crypto group, sparking debate over whether or not the volumes have been manipulated or just mirrored a liquidity migration from Binance to Aster.
Blockchain investigator ZachXBT criticized Anndy Lian for downplaying the difficulty, whereas Lian argued that quantity alignment throughout main initiatives is regular and that Aster’s exercise mirrors broader market habits.
He added that aggressive spending to realize market share is a enterprise resolution, not essentially manipulation.
Aster Reimburses Traders After XPL Price Glitch Triggers Liquidations
Last month, Aster reimbursed users in USDT after a sudden price spike within the XPL perpetual contract triggered compelled liquidations.
The anomaly, which occurred through the transition from pre-launch to reside buying and selling, noticed the value of XPL briefly surge to over $4, nicely above its $1.30 common on different platforms.
The trade responded rapidly, finishing the primary spherical of reimbursements inside hours and compensating affected merchants for liquidation and buying and selling charges.
While the precise trigger stays unconfirmed, early hypothesis factors to a misconfigured index worth or lacking sync with reside market knowledge. Aster has pledged to proceed its investigation into the incident.
The glitch adopted the mainnet launch of Plasma, a stablecoin-focused Layer 1 whose native token XPL quickly hit a $12 billion valuation.
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