Aster launches AOS-2 for perpetual listings with 1 million ASTER staking

Decentralised exchange Aster introduces a new open standard for perpetual markets. With AOS-2, projects can now apply for a perpetual listing through a transparent and public process, without relying on closed-door negotiations behind the scenes.

In brief:

• Aster launches AOS-2, an open listing standard for perpetual futures markets
• Applicants stake 1 million ASTER for four years and undergo an on-chain vote by validators
• On rejection, the applicant receives the entire stake back; on approval, the market goes live on T+1

From spot to perpetual markets

Aster previously launched AOS-1, which opened spot listings to projects that meet a set of published criteria. AOS-2 extends that line to perpetual futures, a market segment where listings have generally depended on private agreements between parties.

With the introduction of AOS-2, the same procedure applies to everyone. The rules are set out in a public document and all decisions are recorded on the blockchain. Aster thus demonstrates that accessibility does not come at the expense of the platform’s quality or security requirements.

How the process works

An applicant wanting to request a perpetual listing locks up 1 million ASTER for four years. Exiting early is not possible. After locking up the tokens, the application goes to an on-chain vote in which validators decide on admission.

If the vote approves the application, Aster’s risk assessment team configures the market parameters, including leverage and other risk settings. The market then goes live the following day. If the application is rejected, the applicant receives the full 1 million ASTER stake back. Aster announces that a third standard, AOS-3, will follow in the future.