ASTER Airdrop Farming Guide + High Yield

If you are proficient on-chain we highly recommend farming funding rate on the Aster platform using their stablecoin USDF to qualify for the ASTER airdrop on October 5.

By far the biggest low-risk opportunity in the market at the moment.

1. Get USDT into a Binance Smart Chain wallet (can use metamask). You will need a small amount of BNB for gas. If you need to bridge, you can use: https://pancakeswap.finance/bridge
2. Connect wallet to Aster Dex (https://www.asterdex.com/en/referral/NZ52WV). Get a multiplier on airdrop by using this ref link.
3. Use 50% of your USDT to Mint + Deposit USDF from USDT here (https://www.asterdex.com/en/trade-and-earn)
4. Transfer the USDF into your Aster perp account.
5. Deposit the other 50% of USDT into your spot Aster account.
6. Buy spot ASTER with 50% of your USDT.
7. Short the same amount of ASTER using USDF.

Example of doing this with $100k:

16.7% APY ($USDF) on $50k + funding rate (currently 500%) on ASTER short

0% APY on ASTER spot.

If these rates hold until October 5:

~$275 in USDF yield + $8.2k in funding yield + airdrop

Very important: Monitor your ASTER short to ensure it does not get liquidated. If ASTER rips, you may have to close the short, sell some spot ASTER and re-short.