Aster CEO: The initial startup project was P2P online lending, and after the emergence of dYdX, we began developing perpetual contract DEX

ChainCatcher news, Aster CEO Leonard stated in an interview with social protocol Trends founder Mable (@Mable_Jiang):

"I initially worked as a technician at an investment bank in Hong Kong, mainly dealing with high-frequency trading. After five years, I started trying to venture into entrepreneurship. At that time, the narrative was Internet+, and my first startup was a P2P lending project. However, the project failed along with the entire sector, but I learned a lot from it.

My entry into the crypto space was participating in the Ethereum ICO. After making money, I thought I was a genius, but I lost everything in the next three trades. However, I became interested in blockchain technology and developed a lending platform project under IBM Blockchain's Hyperledger ecosystem. Clearly, we chose the wrong ecosystem; we should have showcased our skills on Ethereum. Later, I also worked on NFT and token solutions for a gaming platform, but it was too ahead of its time and also ended in failure."

In addition, Leonard also mentioned, "Since 2019, I have worked at Binance for a few years, participating in the development of multiple products. Then, when dYdX emerged, we began to try building our own things on-chain, leading to the first version of Aster, which is Apollo X. Since then, perpetual contract DEXs have gone through several cycles, with projects like GMX representing an era. We have always tried to create what the market truly needs, which is how Aster came to be."