interview<\/a>.<\/p>\n <\/p>\n
For the first three to six months, continued Leonard, the team will focus on securing sufficient liquidity and improving the UI-UX for on-chain trading. However, the team is not looking to create \u201canother EVM chain that everybody would build on.\u201d<\/p>\n
\u201cI think there are too many chains right now, to be honest, like we don\u2019t need more of L1, but we do need a better decentralized trading experience,\u201d he added.<\/p>\n
He said that building an entire ecosystem would take a lot of effort and investment, while the team wants to focus on building a trading platform that includes a suite of features that people see on centralized exchanges. <\/p>\n
In addition, Leonard wants spot trading to become an integral part of the Aster project, considering that spot trading of the token recently blew up at a rather rapid pace. He revealed that trading volume for the token recently soared, reaching $3.05 billion.<\/p>\n
\u201cThings happened very quickly, and we didn\u2019t expect spot trading to catch fire that fast. That\u2019s why we want to start season three early,\u201d he said.<\/p>\n
The new stage will reward loyal early users while also expanding beyond perpetual contracts. Currently, perps make up around 90% of trading on the platform, dominated by Bitcoin (BTC), Ethereum (ETH), and Aster. By contrast, spot pairs remain limited; with Aster accounting for nearly 90% of that market.<\/p>\n
The team also highlighted plans to support early-stage assets with fresh liquidity. <\/p>\n
\u201cOne of the advantages of a DEX is how quickly we can list an asset. If we can also provide liquidity right away, that\u2019s something the market wants,\u201d said Leonard.<\/p>\n
Aster CEO hints at a \u2018flexible\u2019 token buyback<\/h2>\n
When asked about a possible schedule for token buybacks, Leonard said that the team does not want to commit to a fixed schedule when it comes to possible token buybacks. He believes that the operators and community should have more control over where the income is being invested.<\/p>\n
\u201cI do think that we will do buybacks and we will contribute a significant amount of our income to that. The exact number, and frequency we will announce, but I don\u2019t think we will make it permanent,\u201d Leonard stated.<\/p>\n
According to the Aster CEO, the team will not stick to a \u201cpredictable\u201d pattern. Unlike other projects that follow a strict token buyback schedule with controlled amounts that occur periodically, the Aster team wants to \u201ckeep some flexibility on how all this income is being invested.\u201d Therefore, at different stages of the project, the team plans on adjusting its token buybacks accordingly rather than implementing a permanent plan.<\/p>\n
Although, Leonard emphasized that the team will be putting forward transparency regarding their token buyback plans and how much of the income percentage will be allocated for it. If the community disagrees with the buyback, then the team would make the necessary adjustments.<\/p>\n
\u201cAfter the buyback, all this information should be shared. [It] should be transparent, it should be logged to somewhere where everybody can monitor because otherwise it wouldn\u2019t benefit anyone, right?\u201d Leonard stated.<\/p>\n
<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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