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Aster DEX Enables ASTER as Collateral with 80% Margin Ratio

Aster, a decentralized perpetual contract platform, adds ASTER token as collateral with an 80% margin ratio, offering fee payment discounts to enhance user engagement.

Summary

Aster, a decentralized exchange specializing in perpetual contracts, has officially announced that ASTER tokens can now be used as collateral on its trading platform with an 80% margin ratio. In addition, users may use ASTER tokens to pay trading fees and receive a 5% discount, expanding the utility of the token and providing added incentives for traders.

Terms & Concepts
  • Perpetual contract: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely.
  • DEX (Decentralized Exchange): A cryptocurrency exchange that operates without a central authority, facilitating peer-to-peer trading via blockchain.
  • Margin ratio: The percentage of collateral value required to open or maintain a leveraged position.