ast
Getting started

Introduction

ast is a launchpad on BNB Chain where every token is backed by a leveraged perpetual position instead of a stablecoin. When someone launches a token here, they pick a market (BTC, ETH, BNB, NVDA, TSLA…), a leverage (2x, 3x or 5x) and a direction (long or short). The bonding curve then holds that position as its reserve, so the token moves with the market even when nobody is trading it.

Why it matters

On a classic launchpad, a token with no volume does nothing: its price is frozen until the next trade. On ast the reserve itself is a live position. A token paired with BTC ×3 Long drifts up when BTC goes up and down when it goes down, trade or no trade — and because the curve is convex, the token amplifies that move even further. Memecoins become a way to express a market view with a story on top.

How it fits together

  • Leveraged tokens (LT) are ERC-20 vaults. Each one tracks a perpetual position held on Aster, a perp DEX, at a target leverage. There is one LT per market × leverage × direction.
  • Bonding curves use an LT as their reserve asset instead of USDT. Buying a token mints LT into the curve; selling redeems LT back into USDT.
  • The keeper is the service that keeps every LT at its target leverage, hedges the aggregate exposure on Aster and publishes each vault's value on-chain.
  • Graduation moves a token from its curve to a PancakeSwap V2 pool once it has raised $12,000, with the liquidity locked forever.

What you can do

  • Trade any token with USDT or BNB from the token page, with live quotes and slippage protection.
  • Launch your own token in one transaction and earn 40% of every trading fee it generates.
  • Check what backs everything, live: positions on the Vault page, totals on Stats, buybacks of the official token on Buyback.

Where to go next