AOS-2 perpetual futures is now live on Aster. The exchange extended its open listing framework to perpetual contracts.
Eligible applicants can submit proposals. The process includes token staking and validator voting. Risk configuration and market setup follow.
How AOS-2 perpetual futures work
Projects must stake 1 million ASTER tokens. This lockup period lasts four years. Early withdrawal is not possible.
Validators vote on the proposed perpetual market. A successful vote sends the market to Aster’s risk team. The team sets leverage and other trading parameters.
Aster targets a T+1 listing timeline. This happens after approval and market configuration. Projects that fail receive their ASTER stake back.
Validator vote determines approval
AOS-2 uses an on-chain voting process. Validators review eligible proposals. They record their decisions on Aster Chain.
Approved projects must complete risk configuration. They also need market maker support. Aster’s risk system determines leverage and controls.
This framework follows AOS-1 for spot markets. AOS-1 focused on tokens trading on Binance Spot. AOS-2 brings the same model to perpetual futures.
ASTER token lock requirements
The 1 million ASTER staking requirement is significant. It creates a four-year commitment. Tokens remain locked throughout that period.
Rejected applications recover their stake nevertheless. They do not continue through the listing process.
Market context
Aster introduced the framework at a key time. Decentralized exchanges are expanding in perpetual futures. CoinmarketCap reported DEX perpetual growth.
Their share of open interest rose from 3.5% to 13.6%. This covers early 2025 to early 2026.
Open interest across leading perpetual DEXs grew substantially. It rose from $1.19 billion to $14.99 billion. Centralized platforms still control most activity nevertheless.
