5th AFC Monthly Report | Part of December 2025, January and beginning of February 2026

Governance Astar Finance Committee
1

GM Astar community! :glowing_star:

It’s time to release the fifth Astar Finance Committee (AFC) Report, which covers the activities carried out by the AFC during part of December 2025, January and beginning of February 2026.

Like in the previous reports, also this report presents the 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 4^{th} February 2026, 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 (click for more details)

AFC Multisig 3/5 threshold [SS58 (Substrate)] on Hydration

Hydration App (click for more details)

Hydration-Screenshot-04.02.2026-1000x
Hydration-Screenshot-04.02.2026-1000x1920×3020 412 KB

AFC Multisig 3/5 threshold [EVM] on Soneium

DeBank Dashboard (click for more details)

DeBank-Screenshot-04.02.2026-1688x
DeBank-Screenshot-04.02.2026-1688x1920×2180 210 KB

Earned Amounts

Since 4^{th} December 2025 up to 4^{th} February 2026, the amounts earned (mainly from dApp staking, liquidity provision and farming) are as follows:

  • dApp Staking: 5,017,945.3259 ASTR —> 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:
  • Velodrome LP:
  • 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

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 as test transaction to Astar sovereign account on the Coretime System Chain
  • 295 DOT to Astar sovereign account on the Coretime System Chain for auto-renewal system (renewal failed due to UI/UX issues)
  • 650 DOT (648 DOT + 2 DOT) 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.

10^{th} December 2025

  • Performed on-chain operations in sync
  • Luca Poggi noted low rewards for deployed AFC assets, due to protocols strategy changes
    • AFC members discussed potential low-risk leveraged yield strategy with stablecoins
    • It was agreed to develop new strategy by January

17^{th} December 2025

  • Performed on-chain operations in sync
  • For this week, AFC members decided to maintain GDOT position to capture yield
  • Luca Poggi noted trading volume for ASTR has decreased approximately 80% compared to one year ago (this seems to be the case for almost all tokens, due to market condition and low retails interest)
    • Xin Xing Phua proposed to explore potential agreement with market makers for ASTR
      • AFC members explored strategies for increasing AFC funds and at the same time supporting market makers activities
  • Maarten Henskens announced Astar Foundation planning to launch CLMM DEX (Comet Swap) next quarter focused on ASTR value

24^{th} December 2025

  • No specific agenda for the weekly call: it was agreed to skip the meeting

31^{th} December 2025

  • No specific agenda for the weekly call: it was agreed to skip the meeting

7^{th} January 2026

  • Performed on-chain operations in sync
  • AFC members decided to stop all farming pools on Hydration and remove the entire liquidity
    • ASTR (and ASTR by redeeming vASTR) will be bridged back to Astar Network
    • About 500 DOT will be bridged to Polkadot Asset Hub and stored there as Coretime Reserve
    • The remaining GDOT will be sold for HUSDC and USDC will be bridged to Polkadot Asset Hub
  • Maarten Henskens took on the task of calculating the total impermanent loss for ASTR/vASTR removal and propose replenishment amounts
    • The calculated impermanent loss is 1,123,862 ASTR
    • Maarten Henskens will create a proposal vote: sell GDOT in order to cover the IL

14^{th} January 2026

  • Performed on-chain operations in sync
  • Guenael Wagner exploring discussion supporting Bifrost liquid staking with different options
  • AFC members decided to not sell GDOT in order to cover the IL, as per last proposal vote result
    • AFC members agreed that amount involved in decision is not very high with no significant difference
  • Luca Poggi noted the interruption of support from Polkadot treasury for Mimir (multisig wallet)
    • Guenael Wagner took on the task of contacting Mimir team in order to discuss future plans for continued Astar integration on Mimir

21^{th} January 2026

  • Performed on-chain operations in sync
    • vASTR redeem initiated
  • Guenael Wagner proposed the first draft for Astar Foundation Forward: Collective Commitment to Sustainable Growth proposal
    • AFC members provided their feedback
      • Luca Poggi and Marcelo Alvarenga proposed an ASTR-based approach using a reference price
  • Guenael Wagner provided updates regarding Mimir (multisig wallet): it will continue to support Astar at a reduced cost of $40 monthly

28^{th} January 2026

  • Performed on-chain operations in sync
  • AFC members discussed about last Polkadot updates
    • Polkadot recently launched smart contracts on Polkadot Asset Hub
    • Discussion about potential opportunities for Astar and AFC to leverage community support or build on Polkadot Asset Hub
    • Polkadot Asset Hub adoption currently very limited: only a few smart contracts deployed (no verified contracts yet)
    • Velocity Labs and DeFi Bounty have stopped operations; no new funding for Ink Alliance (WASM smart contract language)

4^{th} February 2026

  • Performed on-chain operations in sync
    • vASTR redeem completed and ASTR bridged back to Astar Network
  • Guenael Wagner took on the task of contacting Mimir team again:
    • Mimir removed Astar from supported chains list without explanation
  • AFC members agreed on the second draft (last version) of Astar Foundation Forward: Collective Commitment to Sustainable Growth proposal
  • Luca Poggi took on the task of finalizing the 5th 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 [SS58] 0x922ee694ea772dc63a575845fa57a0c5ea93dfdc2a93ec631d9e426962f1e311 ZEyDXf6563rc78ibEtYQAkHTSKLzMES1m2BrPNdLcma57Tg N.A. N.A. N.A. N.A.
AFC Multisig 3/5 threshold [SS58] 0xb622b8b173b6016c7fcf66a9f392e2518313b09afb2a809fa1a69f9b6154f3a6 a47KfkpbXdvKP5jG1tk21kSgtyUCR81aLNokY9JaqFmE59F N.A. N.A. 157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ 157p2i3og5GHY64QjMVd8WRKTUFzvVyQddc9g7voGZHKpWNQ
AFC Multisig 3/5 threshold [EVM] 0xDEa0061c12756F276a7df2Faa3865de187AB1e5C N.A. 0xDEa0061c12756F276a7df2Faa3865de187AB1e5C 0xDEa0061c12756F276a7df2Faa3865de187AB1e5C N.A. N.A.
Maarten Henskens - AFC [SS58] 0xddbd373af7b1f2892a6ddb8e54095d32f6fc8c47852123e7d3220f5c05ddc833 ax35rmE4tKPzfn89aATn6iKxd8krQ73D5CDvmXmXPg8YBg2 N.A. N.A. 161jnu4D9RwmDNkocumLtbPCjCRHaUxSGNRZrMKGD7hh8pxt 161jnu4D9RwmDNkocumLtbPCjCRHaUxSGNRZrMKGD7hh8pxt
Maarten Henskens - AFC [EVM] 0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE N.A. 0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE 0xE04Ef470062B44A3256DfAC0a0484EEEBd23a6cE N.A. N.A.
Xin Xing Phua - AFC [SS58] 0x5801736120a0137e293b79762baf4bfca77071606c10e0477447b1a1f35ec3d1 XvgwMpewQg1P9brEihL8WW6nWphJ5WSMYjykhCCozic8kcN N.A. N.A. 12zPeQ7e1xJNbraXi4JDF1AyZ67E2AMqQqyKgGyhVikAjC9i 12zPeQ7e1xJNbraXi4JDF1AyZ67E2AMqQqyKgGyhVikAjC9i
Xin Xing Phua - AFC [EVM] 0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b N.A. 0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b 0x8FEd4fCAa019DC766A114eebEE6f3eB492ABbd7b N.A. N.A.
Mingshi Song - AFC [SS58] 0x6e77dc1016c3def627bd400d909e4489b8c033859bca60eee0748aa3da5e23e4 YS9AbgtyKa3LzaC2QnuNcskxKJoe885UAoVBZRQhoruHJMR N.A. N.A. 13Vqsdyt3sCQZhYsVkPnV7YditbLNCyUXU2q79CuPXtTscDN 13Vqsdyt3sCQZhYsVkPnV7YditbLNCyUXU2q79CuPXtTscDN
Mingshi Song - AFC [EVM] 0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39 N.A. 0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39 0x13FCeA4B291007aCa3Cbb9aABC5D86E71F3d1F39 N.A. N.A.
Marcelo Alvarenga - AFC [SS58] 0x26aa2928aeb7f06f2f31c60b95f32ed50e929ab2beef099a08bc9e174c87ab34 WozfJRBDbCzRP7WusYMof1gXg528ArKtxbKxzfDjbE4qG5U N.A. N.A. 1shNLiAJ8qMe66CPD9Ev9gZJFMYrFhixFpftaSiRKFdRYHC 1shNLiAJ8qMe66CPD9Ev9gZJFMYrFhixFpftaSiRKFdRYHC
Marcelo Alvarenga - AFC [EVM] 0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3 N.A. 0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3 0xECF25f90CaA80D3EFBED1932aCfDC5CC71437CC3 N.A. N.A.
Luca Poggi - AFC [SS58] 0xacf7cc49ceacddbbd81366ea0741caa3028f3325e8d84e9a80d47befa6bc0849 Zr697sT4oRht4rBdsK3wLDUXXYnJeGVLzMYxnrTDuy1x1tJ N.A. N.A. 14unrAAS9M456mps7Cuw3ptMJ6qK2j7tQHattNdwudzaYDkc 14unrAAS9M456mps7Cuw3ptMJ6qK2j7tQHattNdwudzaYDkc
Luca Poggi - AFC [EVM] 0x792Fb25c66eFcE66102eaE76A60d6ae05b568Ef2 N.A. 0x792Fb25c66eFcE66102eaE76A60d6ae05b568Ef2 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:

AFC observers:

—

Astar Finance Committee

February 2026

4 Likes