{
  "schemaVersion": 1,
  "id": "aster",
  "version": "1.0.0",
  "name": "Aster",
  "reviewedAt": "2026-10-14",
  "reviewIntervalDays": 14,
  "reviewer": "Decentralised News editorial research",
  "evidenceType": "provider_documentation",
  "liveTested": false,
  "summary": "Aster orderbook perpetuals distinguish cross, isolated and multi-asset margin. Shared collateral, negative balances and withdrawal constraints can matter more than a headline trading rate.",
  "scope": "Provider-documentation review of Aster perpetual trading. Not a live execution test, exhaustive product inventory, security audit or individual eligibility assessment.",
  "decisionTitle": "Identify the product and the collateral at risk.",
  "decisionContext": "This brief covers orderbook perpetuals. Separate 1001x-mode rules and Grid strategies are outside its scope; conditions should not be carried across products.",
  "sources": [
    {
      "id": "product",
      "name": "Aster orderbook perpetuals",
      "url": "https://docs.asterdex.com/trading/perpetuals",
      "reviewedAt": "2026-10-14"
    },
    {
      "id": "margin",
      "name": "Aster margin modes",
      "url": "https://docs.asterdex.com/trading/perpetuals/margin",
      "reviewedAt": "2026-10-14"
    },
    {
      "id": "multi",
      "name": "Aster single-asset and multi-asset modes",
      "url": "https://docs.asterdex.com/trading/perpetuals/single-asset-mode-and-multi-asset-mode",
      "reviewedAt": "2026-10-14"
    },
    {
      "id": "transfer",
      "name": "Aster maximum transfers",
      "url": "https://docs.asterdex.com/trading/perpetuals/margin/calculating-maximum-transfers-in-cross-and-isolated-margin",
      "reviewedAt": "2026-10-14"
    },
    {
      "id": "credits",
      "name": "Aster AFEE and BonusUSD",
      "url": "https://docs.asterdex.com/trading/perpetuals/afee-and-bonususd",
      "reviewedAt": "2026-10-14"
    },
    {
      "id": "orders",
      "name": "Aster TWAP orders",
      "url": "https://docs.asterdex.com/trading/perpetuals/order-types/twap",
      "reviewedAt": "2026-10-14"
    }
  ],
  "networks": [
    {
      "id": "aster",
      "name": "Aster perpetual trading (review scope)",
      "collaterals": [],
      "collateralNote": "Multiple collateral assets are described for Multi-Asset Mode, which uses cross margin only. Confirm supported assets, haircuts and settlement currency for the selected market."
    }
  ],
  "claims": [
    {
      "id": "fees",
      "question": "Is the overview rate an all-in price?",
      "label": "Provider-reported",
      "finding": "The perpetuals overview advertises separate maker and taker rates. It does not establish the total cost of a particular order and holding period.",
      "consequence": "Check the current account schedule, funding, execution price and any collateral-related charges before comparing venues.",
      "sourceIds": [
        "product"
      ]
    },
    {
      "id": "margin",
      "question": "What changes between cross and isolated margin?",
      "label": "Provider-reported",
      "finding": "The margin guide describes cross margin as shared across positions and isolated margin as allocated to one position. It says mode changes are restricted once positions or open orders exist.",
      "consequence": "Choose and verify the mode before submitting an order; a shared balance exposes more than the margin displayed for one position.",
      "sourceIds": [
        "margin"
      ]
    },
    {
      "id": "multi",
      "question": "Can multi-asset margin create additional costs?",
      "label": "Provider-reported",
      "finding": "Multi-Asset Mode operates only with cross margin. The guide describes automatic asset conversion and hourly interest on negative balances beyond the stated exemption threshold.",
      "consequence": "Inspect current thresholds, rates and conversion haircuts. Holding another collateral asset does not necessarily eliminate settlement-asset debt.",
      "sourceIds": [
        "multi"
      ]
    },
    {
      "id": "withdrawal",
      "question": "Does the wallet balance equal the transferable amount?",
      "label": "Provider-reported",
      "finding": "The transfer guide calculates limits using margin requirements, open orders and unrealized PnL. The formula changes with cross or isolated mode.",
      "consequence": "A balance display is not a promise that the entire amount can be transferred immediately. DN has not tested withdrawals.",
      "sourceIds": [
        "transfer"
      ]
    },
    {
      "id": "credits",
      "question": "Can promotional fee credits replace collateral?",
      "label": "Provider-reported",
      "finding": "The AFEE guide says AFEE offsets trading fees but cannot open positions as margin or cover funding, liquidation fees and other costs.",
      "consequence": "Separate fee credits from usable collateral and cash. A reduced trading-fee bill can leave other charges unchanged.",
      "sourceIds": [
        "credits"
      ]
    },
    {
      "id": "execution",
      "question": "Does a TWAP strategy guarantee fills?",
      "label": "Provider-reported",
      "finding": "The TWAP guide describes execution as best effort and subject to liquidity, volatility and possible slippage.",
      "consequence": "Treat scheduling as an order-management feature, not a promise of price or completion. No independent fill comparison is included here.",
      "sourceIds": [
        "orders"
      ]
    }
  ],
  "illustration": null,
  "unknowns": [
    "Current executable quotes and all-in holding costs",
    "Independent fill, stop-loss and withdrawal reliability",
    "Live signing permissions and revocation behaviour",
    "Individual eligibility and current regional restrictions"
  ],
  "history": [
    {
      "date": "2026-10-14",
      "type": "DN publication",
      "detail": "Initial documentation brief. Account-specific conditions and evidence limits are preserved in this version."
    }
  ],
  "reviewTriggers": [
    "Changed official product, fee or margin documentation",
    "A substantiated correction",
    "The 14-day editorial review deadline"
  ],
  "disclosure": "DN may receive compensation through commercial links elsewhere on the site. This brief contains no trading CTA or payout-based ranking. A documentation review does not establish current operational status or user eligibility."
}