Aster Lists $1000WOJAK Perpetual Futures With Up to 3x Leverage

The platform said traders can access $1000WOJAK perpetual futures (crypto derivatives without expiry) with promotional 1.2x trading points available until April 29.

Summary

Aster has launched $1000WOJAK perpetual futures (crypto derivatives without expiry), allowing users to trade the product with leverage (borrowed exposure to amplify positions) of up to 3x. The company also said it is offering 1.2x trading points on the market until April 29. Perpetual futures are commonly used in crypto markets to gain price exposure without holding the underlying token directly, while leverage can increase both potential gains and losses.

Terms & Concepts
  • Perpetual futures: Crypto derivatives contracts with no expiration date, allowing traders to speculate on price moves without owning the underlying asset.
  • Leverage: Borrowed exposure that lets traders open larger positions than their initial capital, magnifying both profits and losses.
  • Trading points: A platform reward metric typically used to track activity for promotions, incentives, or user ranking programs.