Aster Launches AOS-2 for Permissionless Perpetual Futures Listings

Aster, a decentralized exchange, has launched the second phase of its open listing framework, extending permissionless market creation to perpetual futures. The update, announced on August 11, 2026, requires projects seeking to list a new perpetual contract to stake 1 million ASTER tokens for a four-year period, with no early withdrawal permitted. The move aims to shift listing power from centralized committees to a community-governed process.

Under the new Aster Open Standards Phase 2, or AOS2, the listing process begins with an application and eligibility check. Approved projects must then lock the substantial token stake. Following the stake, the proposal moves to an onchain validator vote. If validators approve the market, Aster's risk-control team configures the contract's parameters, such as leverage limits and margin requirements, before listing it for trading. The platform targets listing within one day of approval. Projects that fail the validator vote will have their full 1 million ASTER stake returned.

The framework builds on AOS1, which launched around June 25, 2026, and applied a similar public-entry model to spot market listings. AOS2 adapts this approach for...