Aster activates AOS-2, creating a route for projects seeking perpetual markets while tying applications to ASTER staking. The framework replaces private talks with eligibility checks, token commitments, validator votes, and on-chain records.
Four-year ASTER commitment
Projects must qualify under Aster’s rules before proposing a perpetual contract. Each applicant must stake 1 million ASTER for four years before validators consider its proposal.
However, rejected proposals receive the full stake back. Aster has not disclosed the voting duration or approval threshold. Additionally, successful applicants cannot exit early.
Once validators approve a proposal, Aster’s risk team configures leverage, margin, liquidation, and other trading controls. Consequently, approval does not immediately open the market.
Aster expands token utility
Aster plans to launch perpetual contracts on T+1 after completing market setup. The platform has not clarified whether T+1 means a calendar day.
Moreover, AOS-2 gives ASTER a stronger role. The fixed requirement also makes application costs fluctuate with ASTER’s market value.
Besides, AOS-2 follows AOS-1, which established public criteria for spot listings. Significantly, Aster will use 99% of daily fees for open-market ASTER purchases.
Related: ENS Tokenholders Approve New Foundation to Manage $65M Endowment
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Be the first to comment