ASTER token buybacks: 99% of DEX fees dey trigger TWAP burns and rewards

On Jun 17, Aster DEX launch upgraded tokenomics wey dey route 99% of platform fees to ASTER token buybacks. Di perp exchange talk say di changes go live for 12:00 PM UTC wit TWAP buys wey dem execute across di day and settle on-chain. Every ASTER wey dem buy na matched wit equal burn from Aster reserve (including burns wey dey tied to team allocation first). Di model dey target aggressive “198% buyback” idea: 99% bought plus 99% burned from reserves. Instead of disappear, di bought ASTER dem send go Loyalty Reward pool for stakers, wey dey distribute 300,000 ASTER per epoch. Supply pressure na core part of di thesis. Di DEX start from 8B supply cap and dey target reduction to 3B, while current circulation na about 2.68B of 7.82B total — mean say burn capacity still plenty. Price react sharp: ASTER jump like 23% after di announcement, den e retrace and dey trade near ~$0.65 at di time of writing. For traders, di key tins to watch na on-chain buyback wallets, reserve burn transactions, and Loyalty Reward epoch distributions. Strong follow-through on ASTER token buybacks fit support di burn narrative, but di initial spike also mean higher short-term volatility as markets reprice emissions vs. buyback velocity.