Comet Economics
Overview
Comet Swap is ASTR-anchored and does not introduce a separate protocol token or emission-based incentive asset.
The only protocol-issued asset is cASTR, a liquid staking representation of ASTR that tracks staked ASTR and accumulated staking yield.
cASTR is designed to be:
Fully backed by ASTR
Non-inflationary
Yield-bearing via exchange rate growth (ERC-4626 standard)
Aligned with Astar dApp Staking and the Comet Giveback Loop
What is cASTR?
cASTR is a receipt asset for staked ASTR. It represents a user’s proportional share of the Comet staking vault and follows a yield-bearing, non-rebasing (ERC-4626) model.
When you stake ASTR via Comet:
ASTR is staked into Astar dApp Staking
You receive cASTR as proof of your staking
Over time, each unit of cASTR becomes redeemable for more ASTR. There is no separate reward token and no manual reward claiming.
To avoid confusion:
cASTR is not a governance token
cASTR is not an emission or incentive token
cASTR has no speculative supply mechanics
cASTR exists purely to represent staked ASTR and accumulated yield.
How Value Accrues to cASTR
cASTR does not increase in balance. Instead, yield is reflected through an increasing exchange rate:
The exchange rate increases as the vault receives:
Astar dApp Staking rewards
Boost, funded by ASTR buybacks using 100% of protocol profit
Both reward sources are deposited directly into the vault, increasing total vault assets and improving the exchange rate over time.
Comet Giveback Loop
Comet Swap’s core economic mechanism is the Comet Giveback Loop, designed to route protocol-generated value back to ASTR stakers in a simple and transparent way:
Protocol usage → Protocol profit → ASTR buyback → Boost distributed to ASTR stakers
How it works
Protocol usage generates fees
Swaps on Comet pools generate swap fees. A portion of these fees is allocated to the protocol as protocol profit (net protocol fees).
100% of net protocol profit are used for ASTR buybacks
100% of bought-back ASTR is distributed as Boost
All bought-back ASTR is deposited into the staking vault as Boost, increasing the vault’s total assets and improving the cASTR ↔ ASTR exchange rate over time.
Why Boost is “usage-backed”
Boost is funded by real protocol activity (fee generation from swaps), not by:
issuing a separate incentive token, or
running emission-based programs that inflate supply to bootstrap liquidity.
As a result, Boost scales with adoption and remains anchored to ASTR.
No fee capture by the team
Comet Swap does not capture profit for the team. Instead, the protocol profit is fully routed through the Giveback Loop and returned to ASTR stakers via Boost.
How to participate
To participate in the Giveback Loop:
Stake ASTR via the Comet interface to receive cASTR
Earn yield from:
Astar dApp Staking rewards, and
Boost (ASTR distributed via the Giveback Loop)
Both sources accrue into the vault and are reflected in the exchange rate — meaning users redeem more ASTR when unstaking.
Supply Model
cASTR supply increases only when users stake ASTR
cASTR supply decreases when users unstake ASTR
Key properties:
No emissions
No inflation schedule
No dilution mechanics
No rebasing
All value growth is reflected via exchange rate appreciation, not token supply expansion.
Unstaking
When a user initiates unstaking:
The redeemable ASTR amount is calculated immediately using the current exchange rate
cASTR is burned
An unstake request is submitted to Astar dApp Staking
During the unstaking period (~10 days), the unstaked ASTR no longer accrues yield
After completion, ASTR is transferred to the user’s wallet.
Summary
cASTR is a yield-bearing representation of staked ASTR
Yield accrues via exchange rate growth, not emissions
Rewards come from:
Astar dApp Staking
Protocol usage based ASTR buybacks (Boost)
All value remains anchored to ASTR
This model keeps incentives simple, transparent, and aligned with the Astar ecosystem.
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