Earlier we discussed that the victory of USD1 lies in its quick paving at the application layer, previously with the AI-focused AgentPay, and this time with the “exclusive and unique” collaboration with Aster, becoming yet another core driver of application hegemony. It can be said that #WLFI clearly understands how to blend AI and RWA, the two main lines of Web3!

First is the strategic elevation, “from ‘can choose’ to ‘must use’.” In the past, when trading crude oil and gold, for example on Hyperliquid, the settlement currency was usually USDC. USD1 was just “one of the options” on some platforms, or even a non-mainstream option.

This time, in deep bundling with Aster, it has achieved a strong compulsory demand, and in the future when trading $CLUSD1 (crude oil) or $XAUUSD1 (gold) on Aster, sorry, USDT has no position here. This kind of “exclusive settlement” directly pushes USD1 from a regular stablecoin to the “fuel” for RWA trading.

This also forms a strong circular effect; if you want to reap that -0.5bps rebate on orders, you have to hold USD1; if you want to hedge against crude oil fluctuations, you also have to use USD1. This strong bundling creates an artificial liquidity black hole for USD1, and once users form a trading habit, the power is unimaginable.

Secondly, there is a subsidy war, where there are benefits, there is a market. In this collaboration, using USD1 for trading on Aster, Taker pays only 1bps, while Maker achieves a negative fee rate of -0.5bps, which can be called a classic art of rate warfare.

In comparison to Hyperliquid, where the rate for HL is about 2.5bps for Taker, and Maker has rebates but varies by level, it is already very low. However, Aster's offering of 1bps for RWA trading is practically fighting at ground level.

The core intention is very clear, mainly to attract high-frequency traders and quantitative arbitrageurs. Maker negative fee rates mean that our orders not only cost nothing but the platform also pays us money.

Due to the volatility of traditional assets like crude oil and gold being more stable than altcoins, this extremely low fee rate means that even with thinner arbitrage space, it can still be done, which will instantly narrow the bid-ask spread for $CLUSD1 and $XAUUSD1, and the depth will counterintuitively increase rapidly. This can be seen as a boon for large players; the more large players participate, the better the depth, thereby forming a positive flywheel!

In summary, if Hyperliquid wins with a “pure trading experience,” then Aster aims to win with the “monopolistic nature of its business model.” The strategy of Aster × WLFI is a textbook-level case, flanking and avoiding direct confrontation. Through a “liquidity bribery,” negative fee rates + the potential token incentives of WLFI are actually using money to buy time, forcibly attracting users away from Hyperliquid or other platforms.

If Aster's “exclusive settlement + low fee rate” can succeed, then USD1's “application layer moat” will be even more solid, as many stablecoins die from “lack of scenario usage.” Behind USD1 is the political momentum of WLFI, and now it also has Aster as a high-frequency consumption scenario. As long as the trading volume of crude oil and gold increases, the market value of USD1 will grow solidly. Among this, Aster and WLFI represent a win-win situation; we shall see!🧐

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