Astar Fi is opening its private beta. Here is what it is, and how to take part

[Gaius_sama]

Hi everyone,

Astar Fi is the onchain personal finance product in the Astar Stack, and its private beta opens in the coming weeks. The way in is the waitlist. I am opening the thread now rather than on launch day, so you have somewhere to ask before you are inside it.

When the beta opens I will post the full walkthrough here, in this same thread. This one is the shape of it, plus a few things you will not get from the landing page.

Astar Fi overview

One place to see everything you own onchain, and act on it. You can look at it here: https://astarfi.com.

Three parts:

• Save, your full picture. Net worth, allocation, cost basis, cash flow and PnL across your assets, with activity labeling so the numbers stay accurate when the chain data is messy.
• Earn, compare yield products side by side on APY, risk tier, liquidity, protocol and withdrawal conditions, then put idle stablecoins to work. The point is comparing, not chasing.
• Invest, build deliberate exposure to different markets instead of scattered positions. Starting with tokenized gold (PAXG) and expanding to onchain stocks and more categories.

If you already supply on supported Defi protocols directly, connect your wallet and those positions show up on their own, you do not have to move funds or re-deposit through us to get the view.

What is not obvious from the outside

Six things worth reading if you have been onchain a few years.

1. It reads positions you opened somewhere else. As above, and it holds for any of the supported products.
2. It knows what a position is, not just what a token is. aTokens, vault shares and market tokens are recognized as the positions they represent, instead of sitting in your portfolio as unexplained tokens. That is the difference between a portfolio and a token list.
3. Bridging between networks does not wreck your history. A matched bridge is an internal move, not a sale on one side and a purchase on the other, and swaps and bridges are tracked as transfers, not as income or spending. Anyone who has watched a tracker turn a bridge into a fake realized loss knows why this one matters.
4. Your money and your investments are accounted for separately. Stablecoin yield stays on the money side and is recorded as interest, so it never inflates your investment PnL. Salary in, a gift out, moving funds between your own wallets, none of it counts as performance. What is left is a much closer read on what your investments actually did.
5. You can fix what the chain cannot tell it. Cost basis for assets that arrived from an exchange or another wallet, exit value when the proceeds are not visible, labels for salary, rewards, gifts and self-transfers, and splitting one transaction across several of those. Each edit is authorized by a signature from your own wallet, it moves no funds, grants no custody, and normally costs no gas.
6. Earn is curated, not an open firehose. Products carry a risk tier and a rating with the reasoning behind them, and coverage is deliberately selective, a rating can be lowered or new deposits stopped when risk, liquidity or data conditions change. At beta that means selected blue-chip vaults, supply markets and products.

And it is free for early users, no subscription, no Astar Fi fee on Earn deposits, no Astar Fi trading fee. You still pay network gas and any third-party protocol fee, both shown before you confirm.

Private beta scope

So nobody is surprised:

• One connected wallet. Multi-wallet lands with v1.5, along with the AI assistant.
• Ethereum and Base for the portfolio view and Earn, and the Invest leg is Ethereum only for now. Astar Fi is multichain by direction, it starts where the users and the blue-chip DeFi are today and more networks follow.
• Astar Fi never takes custody of your funds, and it does not issue the assets, it brings the view together and gives you a path to act, the assets come from third parties.
• PnL is tracked from the point Astar Fi starts tracking the position, so an older bag needs its cost basis filled in once, see point 5.
• It is a beta. Expect rough edges, and tell us about them.

Why we are building this and what it means for ASTR

Focusing on ASTR and building Astar Fi are the same thing. ASTR’s value comes from real economic activity and real users, not from talking about the token, and Astar Fi is how Astar reaches people who are not here yet. It is deliberately built for an audience beyond the current ASTR base, and it deliberately does not require ASTR to use, because requiring it would put a wall in front of exactly the people it is meant to reach. Every user it brings into Astar’s orbit grows the reach, the brand and the relevance that support ASTR over time.

This is a change in how Astar grows, not a step away from it. Consumer finance products with ASTR at the center is the direction, and Astar Network stays the settlement, security, staking and governance layer underneath all of it. Astar Fi carries its own brand for one reason, to speak to mainstream finance users in their own language, while sitting inside the Astar Stack alongside Astar Guard. Value follows real usage, and I am not going to put a date or a price target on that.

Waitlist and access

1. Join the waitlist: Astar Fi Waitlist
2. Access rolls out in stages, not all at once. A waitlist spot is not an instant seat, we open it in waves so we can fix what breaks between them.
3. When your turn comes you will get an access code by email. Check your spam folder as well as your inbox, and mark it as not spam if you find it there.
4. Then come back here.

What I am asking of you

Questions now, feedback once you are in. One question when you get there: does Astar Fi actually help you see and act on what you own, and where does it fall short? The unfiltered answer is the useful one.

Questions I expect

Do I need ASTR to use Astar Fi? No, and that is deliberate for the early phases. How holders sit inside Astar Fi is being designed, not announced.

Is it launching on Astar Network? It starts on Ethereum and Base, for the reasons above. It is an Astar-incubated product built for reach, not one gated to a single network.

If the target users are not ASTR holders, why invite us first? Because you know this space and you will tell us the truth. This round is about validating the product with people who can judge it, not about acquisition, the wider audience comes at the public beta.

Ask away, I will answer here. The full walkthrough lands in this thread when the private beta opens.

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Gaius_sama

Astar Foundation

[Marroz]

Hi Gaius,The more I read about Astar Fi, the more convinced I am that it can be a solid product. I understand the decision to launch on Base and Ethereum: besides tapping into networks with a huge user base, I personally also see it a bit as a form of revenge against those who never properly considered us… but that’s just my personal view.That said, there’s one question that keeps coming up.I understand the core business of the product (subscriptions, future fees, or other ways to generate revenue). What I struggle to understand are the direct positive effects on the ASTR token, which essentially represents the “shares” of our chain.As things stand today:Holding ASTR is not required

There are no Astar Fi fees

Gas and protocol fees go to the respective chains and third-party protocols

Even assuming that fees are introduced in the future, it’s not automatic that those revenues would translate into demand for ASTR. They could simply stay in the treasury in stablecoins or ETH, be reinvested, or used for operations. The step from “product revenue → value for ASTR” would still be discretionary, not structural.In the final part of your post you explain that focusing on ASTR and building Astar Fi are the same thing, and that the value of ASTR comes from real economic activity and real users. However, honestly, I still can’t understand concretely how this product (used entirely outside the Astar ecosystem) generates that value for the token. It still feels very abstract to me.So, concretely, how does Astar Fi drive value for ASTR?Thanks.

[Gaius_sama]

Hi @Marroz,

Thanks for this, it’s a fair question.

One word on the revenge point, since you flagged it as personal. I understand the feeling, but that is not the reason. We go where the users and the blue-chip DeFi already are, and today that is Ethereum and Base.

On your main point, you are right. As things stand today, the step from product revenue to ASTR value is discretionary, not automatic. There is no rule converting a fixed share of Astar Fi revenue into ASTR.

Two things I can add.

First, the missing fees, because that one is not an accident. Charging now would brake the only thing that matters at this stage, which is whether people find the product genuinely useful. The core stays free, and monetization arrives later with premium features worth paying for; multi-wallet and the AI assistant are the first of those, and they land with v1.5. Free features bring users in, some of them convert to paid, revenue makes the product better, and a better product brings more users. We will not switch paid on until the free product is actually good.

Second, that is how Astar Fi becomes a real business, it is not yet how ASTR token benefits. Those are two different questions and you asked the second one.

Astar Fi is not a separate company’s product with Astar’s name on it, the value it creates is meant to come back to Astar, with ASTR at the center of it. Concretely, the paths, with an honest label on each:

• Reach and brand. Astar Fi is built for an audience that is not here today, and every user it brings in grows Astar’s reach and ASTR relevance. Real and happening now, and the least mechanical of the four.
• A door into the rest of the stack. Users who arrive through Astar Fi can be brought to Astar’s other products, where ASTR already has a direct role. Real, and it grows as the stack grows.
• A bigger audience for what already exists. A larger, more relevant Astar means more people able to take part in opportunities like Burndrop, and every ASTR burned tightens supply for the holders who stay.
• Revenue routed back to ASTR. Using a share of product revenue for buybacks, giving ASTR a role in premium access such as holding or spending it for discounted access, or directing part of what comes back into burns so usage turns into supply reduction. This is the one you are really asking about, and it is the one that is not decided yet. None of it is announced, and some of it will not survive the design work.

That last one is what we are working on now, before the revenue exists, so it is not bolted on afterwards. I am not going to give you a percentage I might have to walk back.

The order matters here. Build something people actually want, get it into enough hands to matter, then make the value it creates work for ASTR. Skipping to the third step with a formula and no users would give you a good paragraph and nothing behind it.

Thank you for pushing on this, keep it coming.

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Gaius_sama

Astar Foundation

[Manu0x51]

Thanks for the detailed answer, @Gaius_sama . I appreciate the transparency, and I think this is probably the most important clarification in the whole discussion.

What I take from your reply is that, today, there is no structural value-accrual mechanism from AstarFi to ASTR. AstarFi may become a successful business, but ASTR does not yet have a defined economic claim on that business. I think acknowledging that openly is useful for everyone.

My concern is not whether AstarFi can succeed technically; I agree it has the potential to become a strong product. The concern is that the market still struggles to understand how ASTR captures value from that success. Brand expansion, user acquisition, and funnel effects are positive, but they are indirect and difficult to price.

The key passage for me is this one:

“Revenue routed back to ASTR… is not decided yet.”

That means the future transfer of value remains discretionary rather than automatic. As an investor, that distinction is crucial.

So perhaps the next useful question is not “Can AstarFi succeed?” but:

Which value-accrual mechanism is currently considered the leading candidate for ASTR?

For example:

• buybacks,

• burns,

• staking revenue sharing,

• premium access paid in ASTR,

• discounts for ASTR holders,

• collateral utility,

• or another mechanism entirely.

I am not asking for percentages or final commitments. I am asking whether the team has already identified a preferred direction, because that would help the community evaluate the token more rationally.

I also appreciate that you said this is being worked on before revenue exists rather than as an afterthought. That is encouraging. But until a concrete framework is presented, many holders will continue to view ASTR primarily as a funding asset rather than a productive asset.

In short: I am encouraged by the product discussion, but I believe the next step for restoring confidence is greater clarity on the future economic relationship between AstarFi and ASTR.

[Gaius_sama]

Hi @Manu0x51,

Not yet, and I would rather say that than name one now and defend it later.

The reason is sequencing. The three I listed, buybacks, ASTR in premium access, and directing part of revenue into burns, are not interchangeable, and which one fits depends on what the revenue actually looks like. Recurring subscription revenue supports a standing, repeatable mechanism; lumpier transactional revenue does not. Astar Fi has no paid tier live yet, so that shape is not observable, and a mechanism sized against revenue we have not seen is a mechanism we would redesign.

What I can give you is the criteria we are applying, which is more useful than a guess:

• Does it survive a bad quarter? A mechanism that only works in good conditions damages confidence more than having none.
• Does it work at the scale we will actually be at? A mechanism that only matters at revenue we do not have is a headline, not a mechanism.
• Does it hold without gating the product on ASTR? Astar Fi’s reach depends on not requiring the token to use it. Whatever we choose has to work without breaking that.

On discretionary versus automatic, your reading is accurate today and I am not going to claim otherwise. What I will not do is convert it into a formula before there is revenue to formalise, because then the formula becomes the announcement and the revenue becomes the problem.

I will come back to this thread when the design lands, with the mechanism and the reasoning behind it, not with a percentage.

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Gaius_sama
Astar Foundation