{ "schemaVersion": 1, "id": "myx-vs-aster", "version": "1.1.0", "name": "MYX V2 vs Aster", "reviewedAt": "2026-10-23", "reviewIntervalDays": 14, "reviewer": "Decentralised News editorial research", "evidenceType": "documentation_comparison", "liveTested": false, "summary": "Current documentation sharpens the comparison without producing an overall winner. MYX now exposes concrete rating/VIP fee tables and a 3,000 USD Profit Lock appeal bond; Aster now exposes headline Pro fees, Single-Asset collateral, Multi-Asset auto-exchange/interest terms and current TWAP limits.", "scope": "2 pinned documentation briefs compared by decision condition. Not a live execution test, security audit, exhaustive product inventory or individual eligibility assessment.", "comparisonContext": "This comparison uses MYX V2, not earlier MYX mechanics, and Aster perpetual documentation. A MYX profit lock and an Aster margin-based transfer limit are different restrictions; neither is used to infer that the other platform has no additional restrictions.", "comparisonParticipants": [ "myx", "aster" ], "sources": [], "networks": [ { "id": "perpetuals", "name": "Perpetual trading across distinct product scopes", "collaterals": [], "collateralNote": "Market, account and route dependent. No universal collateral equivalence or shared deployment is asserted." } ], "illustration": null, "rows": [ { "id": "margin", "label": "Margin settings", "meaning": "Check the actual funds exposed by the chosen setting. Auto/Manual Margin and cross/isolated margin are not equivalent labels.", "myx": "The V2 opening guide lists USDC and USDT as margin. Its Auto Margin setting uses available margin, wallet balance and realized PnL; Manual Margin lets the user specify capital.", "myxSources": [ "open" ], "aster": "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.", "asterSources": [ "margin" ] }, { "id": "fees", "label": "Fee classification", "meaning": "Fee labels remain structurally different. Match MYX market rating/VIP and Aster account/product conditions before comparing trading cost.", "myx": "MYX V2 still classifies maker/taker by directional imbalance. Current A–H VIP 0 rates are 0.050% taker / 0.040% maker, declining with higher VIP tiers; lower-rated groups carry higher rates.", "myxSources": [ "fees" ], "aster": "Aster Pro currently advertises 0.01% maker and 0.035% taker trading fees. Those headline rates do not include funding, execution, collateral or account-specific costs.", "asterSources": [ "product" ] }, { "id": "execution", "label": "Execution limitations", "meaning": "Both systems expose conditional execution mechanics rather than guaranteed fills. Compare current quotes and realised outcomes rather than documentation alone.", "myx": "MYX V2 applies a liquidity-rating-based no-slippage capacity and curvature; price impact begins once one-sided exposure exceeds the documented capacity.", "myxSources": [ "execution" ], "aster": "TWAP remains best effort, supports 1 minute to 7 days, can terminate on margin failure, supports Multi-Assets Mode, and does not guarantee price or completion.", "asterSources": [ "orders" ] }, { "id": "holding", "label": "Holding and borrowing costs", "meaning": "Funding and collateral debt are different holding-cost channels. Model them separately over the intended holding period.", "myx": "Funding accrues per second and settles on position-changing interactions; holding cost depends on elapsed time and market imbalance.", "myxSources": [ "funding" ], "aster": "Multi-Asset Mode can auto-exchange collateral and currently charges 4% annualized interest on negative USDT/USD1 balances beyond the documented exemption.", "asterSources": [ "multi" ] }, { "id": "withdrawal", "label": "When funds can move", "meaning": "Realised profit and displayed balance are not automatically portable cash. Check MYX lock state and Aster transfer capacity separately.", "myx": "Profit Lock can keep realised profit non-withdrawable and non-portable across markets until the timer expires, subject to appeal extensions.", "myxSources": [ "lock" ], "aster": "Transfer capacity depends on margin requirements, open orders and unrealized PnL; moving margin out can increase liquidation risk.", "asterSources": [ "transfer" ] }, { "id": "restrictions", "label": "Additional conditions", "meaning": "MYX dispute rules and Aster promotional balances create distinct portability constraints. Neither should be treated as guaranteed withdrawable value.", "myx": "LPs may challenge locked profit with a 3,000 USD bond; valid appeals extend the lock through review and can lead to release or clawback.", "myxSources": [ "lock" ], "aster": "AFEE only offsets eligible trading fees; BonusUSD is separately documented as non-withdrawable futures collateral requiring Multi-Asset Mode.", "asterSources": [ "credits" ] }, { "id": "evidence", "label": "What remains unmeasured", "meaning": "Live withdrawal timing, execution quality, permissions and individual eligibility remain unverified. No cheapest or safest platform is identified.", "myx": "This pinned snapshot provides no independent measurements of execution, withdrawal reliability or individual eligibility.", "myxSources": [], "aster": "This pinned snapshot provides no independent measurements of execution, withdrawal reliability or individual eligibility.", "asterSources": [] } ], "unknowns": [ "Matched executable quotes including entry, holding and exit costs", "Independent fill, stop-loss and withdrawal reliability", "Current permissions, recovery and revocation behaviour", "Individual eligibility and current regional restrictions" ], "history": [ { "date": "2026-10-23", "type": "DN evidence refresh", "detail": "Comparison refreshed to MYX 1.1.0 and Aster 1.1.0 after primary-source review. No live fill, withdrawal, permission, appeal-resolution or eligibility test was performed." }, { "date": "2026-10-14", "type": "DN publication", "detail": "Initial comparison of pinned documentation snapshots. Evidence coverage differs; unsupported conditions remain unknown." } ], "reviewTriggers": [ "Changed official product, fee, margin or withdrawal documentation", "A substantiated correction", "The earliest underlying editorial review deadline" ], "disclosure": "DN may receive compensation through commercial links elsewhere on the site. This comparison has no trading CTA or payout-based ranking. Documentation does not establish current operational status, safety or user eligibility.", "evidenceSnapshots": { "myx": { "schemaVersion": 1, "id": "myx", "version": "1.1.0", "name": "MYX V2", "reviewedAt": "2026-10-23", "reviewIntervalDays": 14, "reviewer": "Decentralised News editorial research", "evidenceType": "provider_documentation", "liveTested": false, "summary": "MYX V2 still ties maker/taker treatment to market imbalance rather than order type. Current docs now expose full rating/VIP fee tables and make Profit Lock dispute economics more concrete, including a 3,000 USD LP appeal bond.", "scope": "Provider-documentation review of MYX V2 perpetual trading. Not a live execution test, exhaustive product inventory, security audit or individual eligibility assessment.", "decisionTitle": "Check when a profit can actually leave the market.", "decisionContext": "This brief uses MYX V2 documentation. Earlier MYX guides are not used to infer V2 fees, slippage or collateral rules. Market-specific settings remain essential.", "sources": [ { "id": "open", "name": "MYX V2 opening a position", "url": "https://myxfinance.gitbook.io/myx.finance-v2/trader-guide/position-management/how-to-open-a-position", "reviewedAt": "2026-10-23" }, { "id": "fees", "name": "MYX V2 trading fees", "url": "https://myxfinance.gitbook.io/myx.finance-v2/trader-guide/trading-rules/trading-costs/trading-fees", "reviewedAt": "2026-10-23" }, { "id": "execution", "name": "MYX V2 slippage and execution price", "url": "https://myxfinance.gitbook.io/myx.finance-v2/trader-guide/trading-rules/trading-costs/slippage-and-execution-price", "reviewedAt": "2026-10-23" }, { "id": "funding", "name": "MYX V2 funding", "url": "https://myxfinance.gitbook.io/myx.finance-v2/trader-guide/trading-rules/funding", "reviewedAt": "2026-10-23" }, { "id": "lock", "name": "MYX V2 profit lock", "url": "https://myxfinance.gitbook.io/myx.finance-v2/trader-guide/trading-rules/profit-lock", "reviewedAt": "2026-10-23" } ], "networks": [ { "id": "myx", "name": "MYX V2 perpetual trading (review scope)", "collaterals": [], "collateralNote": "The V2 opening guide lists USDC and USDT as trading margin. Verify the selected market, network and funding preview; this is not a universal deposit-network list." } ], "claims": [ { "id": "collateral", "question": "Which assets and margin setting does the guide describe?", "label": "Provider-reported", "finding": "The V2 opening guide lists USDC and USDT as margin. Its Auto Margin setting uses available margin, wallet balance and realized PnL; Manual Margin lets the user specify capital.", "consequence": "Inspect the amount and permissions actually authorized. This documentation review has not tested wallet spending or revocation.", "sourceIds": [ "open" ] }, { "id": "fees", "question": "Does a limit order automatically receive maker pricing?", "label": "Provider-reported", "finding": "V2 still defines maker/taker by whether a trade reduces or increases directional imbalance. Current documentation now publishes rating-group and VIP fee tables: for A–H markets, VIP 0 is 0.050% taker / 0.040% maker, declining to 0.025% / 0.020% at VIP 5; lower-rated groups carry progressively higher rates.", "consequence": "Do not infer fee class from order type. Check market rating, VIP tier and both opening/closing notional before estimating cost.", "sourceIds": [ "fees" ] }, { "id": "execution", "question": "Is V2 execution universally free of slippage?", "label": "Provider-reported", "finding": "The current execution guide uses a rule-based slippage model with market-specific no-slippage capacity A and curvature s, both derived from liquidity rating; price impact begins once one-sided exposure exceeds the documented capacity.", "consequence": "A zero-slippage headline is conditional on market state and size. Review the current quote and market parameters for the intended order.", "sourceIds": [ "execution" ] }, { "id": "funding", "question": "Does an unchanged onchain tracker mean no holding cost?", "label": "Provider-reported", "finding": "Funding accrues per second but the global tracker is updated when position-changing interactions occur. The crowded side pays the less crowded side, so holding cost depends on imbalance and elapsed time rather than every-block writes.", "consequence": "Model elapsed holding time separately from trading fees; a quiet onchain tracker does not imply zero accrued funding.", "sourceIds": [ "funding" ] }, { "id": "lock", "question": "When can profits be withdrawn or moved to another market?", "label": "Provider-reported", "finding": "Some markets apply Profit Lock. New profit in the same market refreshes the timer; locked profit can support that market but cannot be withdrawn or used as collateral elsewhere.", "consequence": "Check whether the selected market has a lock and its configured duration. Realized profit is not necessarily immediately portable cash.", "sourceIds": [ "lock" ] }, { "id": "appeal", "question": "Can a profit lock last beyond its ordinary timer?", "label": "Provider-reported", "finding": "LPs may challenge suspicious locked profits by posting a 3,000 USD bond. A valid appeal extends the lock through review; outcomes can include release or clawback, while abusive appeals can forfeit the LP bond.", "consequence": "The normal Profit Lock timer is not a guaranteed payout time. Appeal economics and dispute resolution can extend settlement, and DN has not independently tested that process.", "sourceIds": [ "lock" ] } ], "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": "2026-10-23", "type": "DN evidence review", "detail": "Re-opened the five cited MYX V2 documentation pages. Core collateral, funding and Profit Lock mechanics remain supported; this version adds current rating/VIP fee tables, more explicit slippage parameters and the 3,000 USD LP appeal bond. No live trade, wallet-permission, withdrawal or dispute-resolution test was performed." }, { "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." }, "aster": { "schemaVersion": 1, "id": "aster", "version": "1.1.0", "name": "Aster", "reviewedAt": "2026-10-23", "reviewIntervalDays": 14, "reviewer": "Decentralised News editorial research", "evidenceType": "provider_documentation", "liveTested": false, "summary": "Aster Pro perpetuals still separate cross, isolated and multi-asset risk, but current docs now provide concrete 0.01% maker / 0.035% taker headline rates, Single-Asset collateral of USDT and USD1, Multi-Asset auto-exchange triggers and a documented 4% annualized negative-balance 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": "2026-10-23" }, { "id": "margin", "name": "Aster margin modes", "url": "https://docs.asterdex.com/trading/perpetuals/margin", "reviewedAt": "2026-10-23" }, { "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": "2026-10-23" }, { "id": "transfer", "name": "Aster maximum transfers", "url": "https://docs.asterdex.com/trading/perpetuals/margin/calculating-maximum-transfers-in-cross-and-isolated-margin", "reviewedAt": "2026-10-23" }, { "id": "credits", "name": "Aster AFEE and BonusUSD", "url": "https://docs.asterdex.com/trading/perpetuals/afee-and-bonususd", "reviewedAt": "2026-10-23" }, { "id": "orders", "name": "Aster TWAP orders", "url": "https://docs.asterdex.com/trading/perpetuals/order-types/twap", "reviewedAt": "2026-10-23" } ], "networks": [ { "id": "aster", "name": "Aster perpetual trading (review scope)", "collaterals": [ "USDT", "USD1", "multi-asset supported assets" ], "collateralNote": "Single-Asset Mode lists USDT and USD1. Multi-Asset Mode supports multiple cryptocurrencies and restaked assets with collateral value ratios; current enabled assets and chain-specific parameters should be checked before use." } ], "claims": [ { "id": "fees", "question": "Is the overview rate an all-in price?", "label": "Provider-reported", "finding": "The current Aster Perpetuals overview advertises 0.01% maker and 0.035% taker fees for Pro mode. These are headline trading rates rather than an all-in order-and-holding cost.", "consequence": "Combine the applicable trading rate with funding, execution price, collateral conversion/interest and any account-specific adjustments before comparing venues.", "sourceIds": [ "product" ] }, { "id": "margin", "question": "What changes between cross and isolated margin?", "label": "Provider-reported", "finding": "Cross margin shares the full margin balance across open positions; isolated margin dedicates margin to one position. The guide still states that mode cannot be changed after submitting a position or placing an open order.", "consequence": "Choose the margin mode before trading. Cross mode exposes the shared balance, while isolated mode confines the stated position margin.", "sourceIds": [ "margin" ] }, { "id": "multi", "question": "Can multi-asset margin create additional costs?", "label": "Provider-reported", "finding": "Single-Asset Mode currently lists USDT and USD1. Multi-Asset Mode is cross-margin only, can auto-exchange assets when balances or LTV conditions breach thresholds, and charges hourly interest on negative USDT/USD1 balances beyond a -1,000 USD exemption. The current annualized rate is documented as 4%.", "consequence": "Treat shared collateral as a credit system with haircuts, auto-exchange and interest—not merely a larger wallet balance. Check current collateral ratios and thresholds.", "sourceIds": [ "multi" ] }, { "id": "withdrawal", "question": "Does the wallet balance equal the transferable amount?", "label": "Provider-reported", "finding": "Maximum transfer formulas still depend on wallet balance, margin requirements, open orders and unrealized PnL, with different calculations for cross and isolated margin. The page explicitly notes that transferring out margin can raise liquidation risk.", "consequence": "A displayed balance is not guaranteed transferable cash. Recalculate capacity under the active margin mode before moving funds.", "sourceIds": [ "transfer" ] }, { "id": "credits", "question": "Can promotional fee credits replace collateral?", "label": "Provider-reported", "finding": "AFEE remains a fee-offset token that cannot be used as position margin or to cover funding/liquidation costs. BonusUSD is separately documented as non-withdrawable futures collateral that requires Multi-Asset Mode.", "consequence": "Separate fee credits from collateral and withdrawable value. BonusUSD can support trading but is not equivalent to cash; AFEE cannot replace collateral.", "sourceIds": [ "credits" ] }, { "id": "execution", "question": "Does a TWAP strategy guarantee fills?", "label": "Provider-reported", "finding": "TWAP remains best-effort: strategies can run from 1 minute to 7 days, terminate if a sub-order fails margin checks, support Multi-Assets Mode, and do not guarantee completion or price. Up to 30 TWAP strategies may run simultaneously per account.", "consequence": "TWAP is an execution-management tool, not a fill guarantee. Margin sufficiency, liquidity and volatility can interrupt or distort execution.", "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": "2026-10-23", "type": "DN evidence review", "detail": "Re-opened the six cited Aster documentation pages. This version adds current headline trading rates, Single-Asset collateral details, Multi-Asset auto-exchange thresholds, the documented 4% annualized negative-balance rate, BonusUSD distinctions and current TWAP limits. No live fill, transfer, permission or eligibility test was performed." }, { "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." } } }