Question 1

Is Aster safe to use?

Accepted Answer

Aster is a decentralized platform that prioritizes security through self-custody. Your funds remain in your wallet at all times, eliminating counterparty risk. However, smart contract risk exists with any DeFi protocol. Always do your own research, start with small amounts, and never invest more than you can afford to lose.

Question 2

How does funding work on Aster?

Accepted Answer

Funding rates are periodic payments between long and short positions to keep perpetual contract prices aligned with spot markets. When the perp trades above spot, longs pay shorts. When below, shorts pay longs. Rates are calculated on-chain every 8 hours based on the premium/discount to the index price.

Question 3

What is liquidation price and how is it calculated?

Accepted Answer

Your liquidation price is the level at which your position will be automatically closed to prevent further losses. It's calculated based on your entry price, leverage, and available margin. Higher leverage means your liquidation price is closer to your entry. Always monitor your liquidation price and consider using stop-loss orders.

Question 4

What are the fees and rebates on Aster?

Accepted Answer

Aster charges competitive trading fees averaging 0.01% for makers and 0.035% for takers. High-volume traders may qualify for fee rebates and discounts. There are no deposit or withdrawal fees, though you'll pay network gas fees for on-chain transactions.

Question 5

Which wallets are supported?

Accepted Answer

Aster supports all major Web3 wallets including WalletConnect, Binance Wallet, Brave Wallet, Rabby Wallet, Keplr, Ronin Wallet, Phantom, Cosmostation, Ledger and Trezor hardware wallets. For maximum security, we recommend using a hardware wallet for larger amounts.

Question 6

What is the Aster airdrop?

Accepted Answer

The Aster airdrop is a token distribution campaign that allocates free $ASTER tokens to early users, traders, and participants in the Aster ecosystem. The total allocation for the airdrop is 704 million ASTER, which represents 8.8% of the token supply.

Question 7

What happens if I get liquidated?

Accepted Answer

If your position reaches the liquidation price, it will be automatically closed by the protocol's liquidation engine. You'll lose your initial margin minus any remaining maintenance margin. To avoid liquidation, monitor your positions closely, use appropriate leverage, and consider setting stop-loss orders.

Learn how to trade on Aster, the Binance-backed Perp DEX.