Why Asterategy?

A New Kind of Digital Asset Treasury

Asterategy is Tokenomics-First

The lessons from two of the most popular new mechanics of this crypto cycle, Digital Asset Treasuries and Decentralized Perpetual Exchanges, are not lost on Asterategy.

Digital Asset Treasuries have a weakness where they can get stuck under a 1.0 mNAV (multiple to Net Asset Value), and suffer a reputational doom loop where few buyers step in to buy the DAT's equity or common shares, leading to negligible inflows.

Perp DEXes (Perpetual Decentralized Exchanges) need to maintain strong liquidity in order to attract traders to earn fees for trading on their platform. Asterategy's tokenomics answers both of these issues, while benefitting everyone. Bondholders, $ASTRT holders, $ASTER holders, and even traders on Aster DEX.

Asterategy is Aster-aligned

Of course, Asterategy holds large quantities of $ASTER token, which it will stake in order to obtain governance power over Aster DEX as well as staking yield.

Additionally, Asterategy will use its bonds to earn yield through Aster's ALP liquidity provider token, which improves the liquidity on Aster itself, making Aster a more desirable venue to trade on.

And Asterategy, in keeping with the spirit of decentralization, will be fully transparent with on-chain visibility of all its holdings, both of staked $ASTER and ALP.

Asterategy is both Yield-Bearing and Accretive

Rather than immediately diluting $ASTRT holders with at-the-money offerings, Asterategy only mints new $ASTRT tokens after price appreciation in $ASTRT. This is solely accretive to $ASTRT holders.

Additionally, even if a bond does not end up converting to new $ASTRT tokens, the yield from the ALP in the bond can be used to buy fresh $ASTER for the protocol, leading to $ASTRT holders being absolutely fine with bonds *not* maturing in the money.

Astrategy bondholders, on the other hand, have a totally separate risk profile, where they deposit USDT and in 90 days withdraw that same USDT unless they are in profit on their free call options. The only risk is if Aster DEX itself or the ALP liquidity pool experiences a major exploit.