The story
From dwarf + star. Compare West Frisian dwerchster (“dwarf star”), Dutch dwergster (“dwarf star”), German Zwergstern (“dwarf star”), Danish dværgstjerne (“dwarf star”), Swedish dvärgstjärna (“dwarf star”), Icelandic dvergstjarna (“dwarf star”).
Etymology from Wiktionary, CC BY-SA 4.0.