# 4th AFC Monthly Report | Part of November and beginning of December 2025 **URL:** \ **Category:** Astar Finance Committee\ **Created:** [December 10, 2025, 3:06pm UTC](https://forum.astar.network/t/4th-afc-monthly-report-part-of-november-and-beginning-of-december-2025/9226 "2025-12-10T15:06:32Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![Poggi\_Luca](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.astar.network/poggi_luca/32/9_2.png) [@Poggi\_Luca](https://forum.astar.network/u/Poggi_Luca)\ **Post date:** [December 10, 2025, 3:06pm UTC](https://forum.astar.network/t/4th-afc-monthly-report-part-of-november-and-beginning-of-december-2025/9226/1 "2025-12-10T15:06:32Z")
GM Astar community! 🌟 It’s time to release the fourth Astar Finance Committee (AFC) Report, which covers the activities carried out by the AFC during part of November and beginning of December 2025. Like in the previous reports, also this report presents the new, simpler, and shorter format, avoiding the need to list the long series of on-chain activities carried out by AFC during the aforementioned period. The focus is instead placed on the most relevant sections of the report: Asset Allocation, Earned Amounts, Burned, Buy-Back & Burned and Coretime Reserve Amounts and Weekly Meetings Minutes. It is also important to highlight that all on-chain activities performed by AFC can be independently verified by anyone in a fully autonomous and permissionless manner, through the specific block explorers available for each network on which AFC operates (all details can be found in the final section of this report). Please note that the report format may undergo further changes and optimizations in the future, with the goal of providing the community with the best possible tool to monitor AFC’s activities. At the same time, it is intended not to be a mere formality, but a resource that can actively support AFC members in carrying out their work and help them make responsible and informed decisions. Since its formation, the AFC has been actively working on the management of DAO allocation assets and the implementation of strategies aimed at fostering value creation, diversifying reserves, and deploying liquidity responsibly across ecosystems. * * * # Asset Allocation As of 3rd December 2025, the assets managed by the AFC are allocated as follows (addresses with negligible balances are excluded from the report). ## AFC Pure Proxy on Astar Network [SS58 (Substrate)] [Subscan](https://astar.subscan.io/account/ZEyDXf6563rc78ibEtYQAkHTSKLzMES1m2BrPNdLcma57Tg) _(click for more details)_ - 225M ASTR locked in dApp Staking - 50M ASTR staked on [OnFinality dApp](https://portal.astar.network/astar/dapp-staking/dapp?dapp=0x48f292e9fdce07ba34217b0aa62e08b62376df3e) - 60M ASTR staked on [Astar Safe dApp](https://portal.astar.network/astar/dapp-staking/dapp?dapp=0xa6b71e26c5e0845f74c812102ca7114b6a896ab2) - 70M ASTR staked on [Community Treasury dApp](https://portal.astar.network/astar/dapp-staking/dapp?dapp=0x101b453a02f961b4e3f0526ecd4c533c3a80d795) - 45M ASTR staked on [Subscan dApp](https://portal.astar.network/astar/dapp-staking/dapp?dapp=0xe1d742c51c1772312a6c5bfe530185cfc2dd1dc2) - 16,722,169.7884 ASTR transferable amount ## AFC Multisig 3/5 threshold [SS58 (Substrate)] on Hydration [Hydration App](https://app.hydration.net/wallet/assets?account=157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ) _(click for more details)_ ![Hydration-Screenshot-03.12.2025-1000x](https://us1.discourse-cdn.com/flex020/uploads/plasmnet/original/2X/7/7bd24c1605ae8483c7c41a2ad9fee3332ec3a581.jpeg) ## AFC Multisig 3/5 threshold [EVM] on Soneium [DeBank Dashboard](https://debank.com/profile/0xdea0061c12756f276a7df2faa3865de187ab1e5c?chain=soneium) _(click for more details)_ ![DeBank-Screenshot-03.12.2025-1688x](https://us1.discourse-cdn.com/flex020/uploads/plasmnet/original/2X/b/bec1a1a7e4416f20ba9accc1d9cc3c1e86e5f1ad.jpeg) * * * # Earned Amounts Since 6th November 2025 up to 3rd December 2025, the amounts earned (mainly from dApp staking, liquidity provision and farming) are as follows: - dApp Staking: [1,631,284.5401 ASTR](https://astar.subscan.io/reward?address=ZEyDXf6563rc78ibEtYQAkHTSKLzMES1m2BrPNdLcma57Tg&role=account&category=Reward&page_size=100&page=1&time_dimension=date&date_start=2025-11-06&date_end=2025-12-03) —\> **as decided by AFC members, the burning of ASTR tokens is paused until more details will be available regarding Astar Burndrop mechanism. The idea behind this decision is to create a double-burn effect: instead of simply burning ASTR tokens, we can use the same amount of tokens to participate in Burndrop and use the received tokens to buy and burn ASTR again, that would effectively create a double(or even more, in case of multiple Burndrop events)-burn effect. Due to this decision, there will NOT be any burning of ASTR tokens this month.** - Hydration LP: - vDOT farming: [1.5753 vDOT](https://hydration.subscan.io/transfer?asset_unique_id=asset_registry%2F37444e63907d968b4a4947cb38ce9c019e6b6310&token_category=builtin&time_dimension=date&address=157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ&value_dimension=usd&page=1&page_size=100&date_start=2025-11-06&date_end=2025-12-03) - HDX farming: [286.5203 HDX](https://hydration.subscan.io/transfer?address=157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ&time_dimension=date&value_dimension=usd&page=1&page_size=100&token_category=native&date_start=2025-11-06&date_end=2025-12-03) - GDOT farming: [6,890.0367 GDOT](https://hydration.subscan.io/transfer?asset_unique_id=asset_registry%2Fab3282c5b2298f24787ff0112b7beb29be7332d0&token_category=builtin&page=1&time_dimension=date&value_dimension=usd&address=157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ&date_start=2025-11-06&date_end=2025-12-03&page_size=100) (about 4,896 GDOT sold for HUSDC) - Velodrome LP: - VELO farming: [3,997.5377 VELO](https://soneium.blockscout.com/advanced-filter?transaction_types=ERC-20%2CERC-404%2CERC-721%2CERC-1155&age_to=2025-12-03T22%3A59%3A59.999Z&age_from=2025-11-05T23%3A00%3A00.000Z&token_contract_address_hashes_to_include=0x7f9AdFbd38b669F03d1d11000Bc76b9AaEA28A81&token_contract_symbols_to_include=XVELO&to_address_hashes_to_include=0xDEa0061c12756F276a7df2Faa3865de187AB1e5C) (about 12,602.6944 VELO sold for USDC) - Additional rewards, not directly quantifiable until the moment of redemption or swap of the liquid staking token, are represented by holding the tokens of liquid staking protocols: Bifrost (vASTR, vDOT) and Astake (wstASTR). These tokens appreciate over time relative to their underlying assets, as they continuously accumulate staking rewards. * * * # Burned, Buy-Back & Burned and Coretime Reserve Amounts ## Burned Amounts - 887,284 ASTR ([887,283 ASTR](https://astar.subscan.io/extrinsic/9382287-3) + [1 ASTR](https://astar.subscan.io/extrinsic/9354685-2)) on 18th July 2025 as announced in the [1st AFC report](https://forum.astar.network/t/1st-afc-monthly-report-part-of-may-and-june-2025/8671) - [4,700,788 ASTR](https://astar.subscan.io/extrinsic/10345962-2) on 24th September 2025 as announced in the [2nd AFC report](https://forum.astar.network/t/2nd-afc-report-01-07-2025-18-09-2025/8999) **TOTAL ASTR burned by AFC since the start of its operations: 5,588,072 ASTR** ## Buy-Back & Burned Amounts TBD ## Coretime Reserve Amounts - [5 DOT](https://coretime-polkadot.subscan.io/xcm_message/polkadot-829028534742955e66953ec4a1176d2f9fe7b782) as test transaction to Astar sovereign account on the Coretime System Chain - [295 DOT](https://coretime-polkadot.subscan.io/xcm_message/polkadot-5ffa513acc4c15614ce5d49bff00b202fe68809b) to Astar sovereign account on the Coretime System Chain for auto-renewal system (renewal failed due to UI/UX issues) - 650 DOT ([648 DOT](https://hydration.subscan.io/xcm_message/polkadot-7375b63e355843b1584b4915079558da2471d847) + [2 DOT](https://polkadot.subscan.io/xcm_message/polkadot-1f2c31017391675ab6e28a8f68bd35847b75420f)) to Startale Core Developer wallet on Polkadot to buy the new Coretime (it was manually purchased due to auto-renewal system fail) **TOTAL Coretime reserve amounts provided by AFC since the start of its operations: 950 DOT** * * * # Weekly Meetings Minutes This section contains the minutes of the weekly meetings, summarizing the main topics discussed, decisions taken, and tasks assigned. ## 12th November 2025 - Performed on-chain operations in sync - AFC members discussed about current market condition: - Marcelo Alvarenga recommended holding DOT tokens until price recovers - Marcelo Alvarenga noted DOT’s current low price compared to other altcoins, suggesting potential price appreciation - Marcelo Alvarenga highlighted Polkadot’s technological strength but concerns about product-market fit - It was decided to stick with the plan of selling a portion of GDOT rewards every week - Market outlook suggests blockchain project survival depends on careful and efficient spending and founder reliability ## 19th November 2025 - Performed on-chain operations in sync - AFC members discussed about the strategy for handling potential losses in Astar liquidity pools - Marcelo Alvarenga recommends waiting to replenish ASTR until actual pool exit and loss calculation - Luca Poggi highlighted Polkadot changes: shift from infrastructure to products focus - Guenael Wagner exploring potential collaboration with Polkadot treasury for Plaza-related products ## 26th November 2025 - No specific agenda for the weekly call: it was agreed to skip the meeting ## 3rd December 2025 - Performed on-chain operations in sync - AFC members analyzed the rewards amounts in the last month - Luca Poggi took on the task of finalizing the 4th AFC Monthly Report * * * # On-Chain Transparency All on-chain activities performed by AFC can be verified by any member of the Astar community using the blockchain explorers relevant to the networks where the activities took place. Below, you will find the list of AFC’s addresses across the networks in which it has operated, along with the individual addresses of AFC members. | **Wallet Name** | **Public Key** | **Astar Network [SS58 (Substrate)] (\*)** | **Astar Network [EVM] (\*)** | **Soneium (\*)** | **Hydration (\*)** | **Bifrost Polkadot (\*)** | | --- | --- | --- | --- | --- | --- | --- | | AFC Pure Proxy | `0x922ee694ea772dc63a575845fa57a0c5ea93dfdc2a93ec631d9e426962f1e311` | [`ZEyDXf6563rc78ibEtYQAkHTSKLzMES1m2BrPNdLcma57Tg`](https://astar.subscan.io/account/ZEyDXf6563rc78ibEtYQAkHTSKLzMES1m2BrPNdLcma57Tg) | N.A. | N.A. | N.A. | N.A. | | AFC Multisig 3/5 threshold [SS58 (Substrate)] | `0xb622b8b173b6016c7fcf66a9f392e2518313b09afb2a809fa1a69f9b6154f3a6` | [`a47KfkpbXdvKP5jG1tk21kSgtyUCR81aLNokY9JaqFmE59F`](https://astar.subscan.io/account/a47KfkpbXdvKP5jG1tk21kSgtyUCR81aLNokY9JaqFmE59F) | N.A. | N.A. | [`157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ`](https://hydration.subscan.io/account/157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ) | [`157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ`](https://bifrost.subscan.io/account/157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ) | | AFC Multisig 3/5 threshold [EVM] | `0xDEa0061c12756F276a7df2Faa3865de187AB1e5C` | N.A. | [`0xDEa0061c12756F276a7df2Faa3865de187AB1e5C`](https://astar.subscan.io/account/0xDEa0061c12756F276a7df2Faa3865de187AB1e5C) | [`0xDEa0061c12756F276a7df2Faa3865de187AB1e5C`](https://soneium.blockscout.com/address/0xDEa0061c12756F276a7df2Faa3865de187AB1e5C) | N.A. | N.A. | | Maarten Henskens - AFC [SS58] | `0xddbd373af7b1f2892a6ddb8e54095d32f6fc8c47852123e7d3220f5c05ddc833` | [`ax35rmE4tKPzfn89aATn6iKxd8krQ73D5CDvmXmXPg8YBg2`](https://astar.subscan.io/account/ax35rmE4tKPzfn89aATn6iKxd8krQ73D5CDvmXmXPg8YBg2) | N.A. | N.A. | [`161jnu4D9RwmDNkocumLtbPCjCRHaUxSGNRZrMKGD7hh8pxt`](https://hydration.subscan.io/account/161jnu4D9RwmDNkocumLtbPCjCRHaUxSGNRZrMKGD7hh8pxt) | [`161jnu4D9RwmDNkocumLtbPCjCRHaUxSGNRZrMKGD7hh8pxt`](https://bifrost.subscan.io/account/161jnu4D9RwmDNkocumLtbPCjCRHaUxSGNRZrMKGD7hh8pxt) | | Maarten Henskens - AFC [EVM] | `0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE` | N.A. | [`0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE`](https://astar.subscan.io/account/0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE) | [`0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE`](https://soneium.blockscout.com/address/0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE) | N.A. | N.A. | | Xin Xing Phua - AFC [SS58] | `0x5801736120a0137e293b79762baf4bfca77071606c10e0477447b1a1f35ec3d1` | [`XvgwMpewQg1P9brEihL8WW6nWphJ5WSMYjykhCCozic8kcN`](https://astar.subscan.io/account/XvgwMpewQg1P9brEihL8WW6nWphJ5WSMYjykhCCozic8kcN) | N.A. | N.A. | [`12zPeQ7e1xJNbraXi4JDF1AyZ67E2AMqQqyKgGyhVikAjC9i`](https://hydration.subscan.io/account/12zPeQ7e1xJNbraXi4JDF1AyZ67E2AMqQqyKgGyhVikAjC9i) | [`12zPeQ7e1xJNbraXi4JDF1AyZ67E2AMqQqyKgGyhVikAjC9i`](https://bifrost.subscan.io/account/12zPeQ7e1xJNbraXi4JDF1AyZ67E2AMqQqyKgGyhVikAjC9i) | | Xin Xing Phua - AFC [EVM] | `0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b` | N.A. | [`0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b`](https://astar.subscan.io/account/0x8fed4fcaa019dc766a114eebee6f3eb492abbd7b) | [`0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b`](https://soneium.blockscout.com/address/0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b) | N.A. | N.A. | | Mingshi Song - AFC [SS58] | `0x6e77dc1016c3def627bd400d909e4489b8c033859bca60eee0748aa3da5e23e4` | [`YS9AbgtyKa3LzaC2QnuNcskxKJoe885UAoVBZRQhoruHJMR`](https://astar.subscan.io/account/YS9AbgtyKa3LzaC2QnuNcskxKJoe885UAoVBZRQhoruHJMR) | N.A. | N.A. | [`13Vqsdyt3sCQZhYsVkPnV7YditbLNCyUXU2q79CuPXtTscDN`](https://hydration.subscan.io/account/13Vqsdyt3sCQZhYsVkPnV7YditbLNCyUXU2q79CuPXtTscDN) | [`13Vqsdyt3sCQZhYsVkPnV7YditbLNCyUXU2q79CuPXtTscDN`](https://bifrost.subscan.io/account/13Vqsdyt3sCQZhYsVkPnV7YditbLNCyUXU2q79CuPXtTscDN) | | Mingshi Song - AFC [EVM] | `0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39` | N.A. | [`0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39`](https://astar.subscan.io/account/0x13fcea4b291007aca3cbb9aabc5d86e71f3d1f39) | [`0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39`](https://soneium.blockscout.com/address/0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39) | N.A. | N.A. | | Marcelo Alvarenga - AFC [SS58] | `0x26aa2928aeb7f06f2f31c60b95f32ed50e929ab2beef099a08bc9e174c87ab34` | [`WozfJRBDbCzRP7WusYMof1gXg528ArKtxbKxzfDjbE4qG5U`](https://astar.subscan.io/account/WozfJRBDbCzRP7WusYMof1gXg528ArKtxbKxzfDjbE4qG5U) | N.A. | N.A. | [`1shNLiAJ8qMe66CPD9Ev9gZJFMYrFhixFpftaSiRKFdRYHC`](https://hydration.subscan.io/account/1shNLiAJ8qMe66CPD9Ev9gZJFMYrFhixFpftaSiRKFdRYHC) | [`1shNLiAJ8qMe66CPD9Ev9gZJFMYrFhixFpftaSiRKFdRYHC`](https://bifrost.subscan.io/account/1shNLiAJ8qMe66CPD9Ev9gZJFMYrFhixFpftaSiRKFdRYHC) | | Marcelo Alvarenga - AFC [EVM] | `0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3` | N.A. | [`0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3`](https://astar.subscan.io/account/0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3) | [`0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3`](https://soneium.blockscout.com/address/0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3) | N.A. | N.A. | | Luca Poggi - AFC [SS58] | `0xacf7cc49ceacddbbd81366ea0741caa3028f3325e8d84e9a80d47befa6bc0849` | [`Zr697sT4oRht4rBdsK3wLDUXXYnJeGVLzMYxnrTDuy1x1tJ`](https://astar.subscan.io/account/Zr697sT4oRht4rBdsK3wLDUXXYnJeGVLzMYxnrTDuy1x1tJ) | N.A. | N.A. | [`14unrAAS9M456mps7Cuw3ptMJ6qK2j7tQHattNdwudzaYDkc`](https://hydration.subscan.io/account/14unrAAS9M456mps7Cuw3ptMJ6qK2j7tQHattNdwudzaYDkc) | [`14unrAAS9M456mps7Cuw3ptMJ6qK2j7tQHattNdwudzaYDkc`](https://bifrost.subscan.io/account/14unrAAS9M456mps7Cuw3ptMJ6qK2j7tQHattNdwudzaYDkc) | | Luca Poggi - AFC [EVM] | `0x792Fb25c66eFcE66102eaE76A60d6ae05b568Ef2` | N.A. | [`0x792Fb25c66eFcE66102eaE76A60d6ae05b568Ef2`](https://astar.subscan.io/account/0x792fb25c66efce66102eae76a60d6ae05b568ef2) | [`0x792Fb25c66eFcE66102eaE76A60d6ae05b568Ef2`](https://soneium.blockscout.com/address/0x792Fb25c66eFcE66102eaE76A60d6ae05b568Ef2) | N.A. | N.A. | _(\*) Click on the address to open the corresponding block explorer_ * * * The Astar Finance Committee (AFC) is a dedicated governance body with the responsibility to manage the Astar Treasury assets assigned to it for generating sustainable revenue streams, accelerating ecosystem growth, and ensuring long-term value returns to the Astar ecosystem. We encourage all Astar community members to review this monthly report. If you have questions, suggestions or want to get involved in any upcoming discussions, open a topic on the Astar Forum, tag us or drop a message in this discussion. **AFC members:** - [@Maarten](https://forum.astar.network/u/maarten) - [@xxphua](https://forum.astar.network/u/xxphua) - [@Mingshi](https://forum.astar.network/u/mingshi) - [@Marcelo](https://forum.astar.network/u/marcelo) - [@Poggi\_Luca](https://forum.astar.network/u/poggi_luca) **AFC observers:** - [@you425](https://forum.astar.network/u/you425) - [@Gaius\_sama](https://forum.astar.network/u/gaius_sama) — Astar Finance Committee December 2025 ---
**Author:** ![Matt](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.astar.network/matt/32/1502_2.png) [@Matt](https://forum.astar.network/u/Matt)\ **Post date:** [December 18, 2025, 7:41pm UTC](https://forum.astar.network/t/4th-afc-monthly-report-part-of-november-and-beginning-of-december-2025/9226/2 "2025-12-18T19:41:20Z")
Thanks for the detailed and well-structured report Luca! The simplified format, combined with full on-chain verifiability, strikes a good balance between readability and transparency. The rationale behind pausing burns in favor of a potential Burndrop-driven double-burn is particularly interesting and shows adaptive, forward-looking treasury management. Looking forward to seeing how this strategy evolves in the next reports. ---
**Author:** ![Juminstock](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.astar.network/juminstock/32/5942_2.png) [@Juminstock](https://forum.astar.network/u/Juminstock)\ **Post date:** [December 22, 2025, 12:28pm UTC](https://forum.astar.network/t/4th-afc-monthly-report-part-of-november-and-beginning-of-december-2025/9226/3 "2025-12-22T12:28:12Z")
Thank you for the best and last report of the year, @Poggi_Luca! ---
**Author:** ![MrKarahanli-Emre](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.astar.network/mrkarahanli-emre/32/6227_2.png) [@MrKarahanli-Emre](https://forum.astar.network/u/MrKarahanli-Emre)\ **Post date:** [December 27, 2025, 12:18pm UTC](https://forum.astar.network/t/4th-afc-monthly-report-part-of-november-and-beginning-of-december-2025/9226/4 "2025-12-27T12:18:57Z")
Thank you for the detailed report. One of the most enjoyable reports to follow is how AFC’s activities provide a sustainable financial contribution to Astar in an on-chain manner, which is quite exciting. As we approach the end of the year, what do you think should be done to see AFC in a better place next year? What are the 2026 goals? ---
**Author:** ![Vangardem](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.astar.network/vangardem/32/2184_2.png) [@Vangardem](https://forum.astar.network/u/Vangardem)\ **Post date:** [December 27, 2025, 4:09pm UTC](https://forum.astar.network/t/4th-afc-monthly-report-part-of-november-and-beginning-of-december-2025/9226/5 "2025-12-27T16:09:12Z")
Well done, guys. Great work. Thank you for all your efforts.