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Aster Points Explained: Stage 6 "Convergence" Mechanics

Program mechanics re-verified against official Aster docs (Stage 6, its team-boost and referral pages, the referral program and tokenomics) on 2026-10-09.

Aster's points program sits on different ground than most perp-DEX incentive schemes covered on this site (see our full Aster hub). Where several rivals leave the airdrop connection to community speculation, Aster's Stage 6 docs say it outright: points are "Aster Stage 6 Airdrop points for trading on Aster Perpetual and Spot," and they "accumulate toward your $ASTER airdrop share at the conclusion of Stage 6." That's an officially documented commitment, not an inference from a roadmap post.

What the docs don't say matters just as much. The points-to-token conversion ratio, the share of the airdrop reserved for Stage 6, and the exact end date of Stage 6 are all unstated. Aster's tokenomics do reserve 53.5% of $ASTER supply for an "Airdrop" category released over roughly 80 months (re-read 2026-10-09), but how much of that Stage 6 receives is not published. The link to an airdrop is confirmed; what a point is actually worth is not. This page keeps those two facts separate — the rest of the internet often doesn't.

The verified mechanics

Points are calculated in weekly epochs, Monday 00:00 UTC through Sunday 23:59 UTC, "unless otherwise specified", and each week's points "accumulate toward your $ASTER airdrop share at the conclusion of Stage 6" — the docs describe no weekly reset. Per Aster's docs, the scoring formula is:

Final Points = (Trading points + Position points + Aster Asset points + Liquidation points + Profit-and-Loss points) × Team boost + Referral points

Each category has its own mechanics and update cadence:

The docs add that each category "carries its own weighting", that "Specific weightings and formulas remain undisclosed", and that "Adjustments may be applied to farmed points". Market makers in Aster's dedicated MM programme cannot earn points, and only one entry per user counts.

Two more terms sit outside the five categories, and they work differently. The team boost multiplies the five-category sum. A team is the person who invited you, the other people they invited, you, and the people you invited; the boost is set from the team's combined points in an hourly snapshot, it accumulates across the whole of Stage 6 rather than resetting, and a new member's boost "will take effect in a few hours". The docs' table runs from 1.05× at 3,000,000 team points to 1.10× at 15,000,000, 1.15× at 45,000,000 and 1.20× at 90,000,000 — though the worked example on the same page applies 1.05× to a team with 1,000,000 points, so the entry threshold is stated two ways. Referral points are added on top rather than multiplied: you earn a share of your invitees' points and of their invitees', two levels deep, with first-level invitees earning you more. That share is taken from their base points — trading, position, Aster asset and net PnL — "excluding team boosts", so their liquidation points do not count toward it.

What's still unknown

The airdrop's existence is confirmed; its economics aren't. Aster hasn't published a points-to-token ratio, hasn't disclosed the total allocation reserved for Stage 6, and hasn't set a public end date. Anyone quoting an expected dollar value per point — in a tweet, a spreadsheet, or a "point calculator" — is guessing, not reporting.

The categories and boosts above are specific to Stage 6. Aster's program has changed shape between stages before, and nothing guarantees this formula, these boosts, or these cadences carry into whatever stage comes next. Treat this page as a snapshot, not a permanent rulebook.

The sharp edges

Read the formula again and the incentive design is plain: it rewards risk-taking, not just activity. Position points scale with the size and duration of a leveraged position — you're paid for staying bigger and staying in longer, regardless of whether that's a good idea. Liquidation points go further: you are literally awarded points for being liquidated, and higher liquidation fees produce a larger reward.

Deliberately sizing up and holding leveraged exposure to farm those two categories is functionally identical to the behavior that destroys trading accounts. A points program that pays out on liquidation doesn't make liquidation cheaper or safer — it just means the incentive layer and your account balance can move in opposite directions at once. Before sizing a position around a points strategy, read how perpetuals actually work and our risk disclosure. The Profit-and-Loss category is the one part of the formula that at least points the right way: it rewards not losing money.

Referral points aren't the referral program

The two-level referral points inside the Final Points formula are part of the airdrop-points program itself — they add directly to your Stage 6 score. That's a separate mechanism from Aster's fee referral program, which pays the referrer a commission on a referred user's trading fees (10% by default, part of which the referrer can pass back to that user as a fee discount) rather than points; we cover that on our Aster referral page. Both run in parallel, both are real, and they shouldn't be confused when comparing numbers.

For contrast: Hyperliquid's points program ended in November 2024 per its docs, which document no points-to-HYPE conversion, though HYPE is live. Lighter's status is unconfirmed: its market-makers page says Points Season 2 ended in December 2025, while its retail page still describes weekly distribution. The three sit at different stages, which is the most useful thing to know before farming any of them — the points & airdrop tracker lines all of them up with their verification dates.

FAQ

Do Aster points actually convert into an airdrop?
Yes, officially. Aster's own Stage 6 documentation states that points accumulate toward an $ASTER airdrop share at the conclusion of the stage. The conversion ratio, total allocation, and exact end date aren't published — the commitment is verified, the payout terms aren't.

Do points reset every week?
The docs don't say they do. Points are calculated weekly, in epochs that start Monday 00:00 UTC, and they accumulate toward your $ASTER airdrop share at the end of Stage 6. Team boosts also carry over for the whole stage.

Do liquidations really earn points?
Yes, per Aster's own docs — liquidations generate Liquidation points, and higher liquidation fees yield more of them. That's a documented fact about the program's design, not a suggestion to get liquidated on purpose. Treat it as a warning about the incentive structure, not an invitation to use it.

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