Difficulty: EASY
Risk Level: LOW
Timeframe: Multi-week carry
Strategy Goal
Deploy stable capital into Aster Earn vaults (asBNB, asUSDF) to accumulate Au points and base yield, while offsetting directional risk with Perpetual Pro or external hedges.
Components
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Vault leg
- Mint asBNB or asUSDF via Aster Earn.
- Track Au multiplier campaign to maximise point accrual.
- Consider Pendle integrations for boosted yield if liquidity allows.
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Hedge leg
- For asBNB: short equivalent BNB notional on Perpetual Pro (isolated margin, low leverage).
- For asUSDF: hedge via USDT borrow or short perp on correlated stablecoin pair if basis widens.
- Adjust weekly to stay delta-neutral.
-
Yield tracking
- Base yield (vault APY).
- Au incentives (convert to projected airdrop value).
- Funding paid/received on hedge.
Risk Controls
- Keep utilisation under 60% of account equity; avoid forced unwinds.
- Roll hedges when Perpetual Pro funding turns significantly positive against you.
- Monitor smart-contract risk (audit status, announcements).
- Set calendar reminders: review position every 48 hours.
Execution Steps
- Transfer stablecoins/BNB to Aster.
- Mint vault token; record entry price.
- Short matching notional on Perpetual Pro (use limit order near mark).
- Set stop-loss 3% away to guard against failed hedge if volatility surges.
- Log yields and funding daily.
Exit Criteria
- Campaign ends or multiplier drops materially.
- Vault APY falls under 4% annualised without offsetting incentives.
- Funding cost exceeds combined yield for two consecutive days.
- New opportunity with higher risk-adjusted return emerges.
Checklist
- Vault TVL healthy (under 40% utilisation spike in past 24h).
- Hedge slippage under 0.15%.
- Basis monitored—unwound if spread collapses.
- Emergency liquidity plan (stablecoin reserve).
This carry trade suits conservative capital. Keep diligent records and treat Au rewards as bonus upside while the hedged base yield compounds.***
Ready to Implement This Strategy?
Remember: This strategy is rated easy difficulty with low risk. Only invest what you can afford to lose completely.
