KEY TAKEAWAYS
- Astros launches Astros Perps, introducing perpetual swaps with up to 25x leverage, enhancing trading capabilities.
- The platform aims to be a comprehensive DeFi hub on the Sui Mainnet, leveraging NAVI’s liquidity infrastructure.
- Astros Perps offers both isolated and cross margin options, providing flexibility and control for traders.
- Community engagement initiatives include a referral program and daily Ore mining for NFTs and collectibles.
Astros has announced the launch of its new platform, Astros Perps, which introduces perpetual swaps to its suite of trading capabilities. This development is set to enhance the trading experience for users by offering up to 25x leverage on both isolated and cross margin options. The platform will initially open in Beta test mode on April 10, 2025, with paper trading available on the Astros website.
The introduction of Astros Perps marks a significant step for NAVI, which has been active on the Sui Mainnet for over 18 months. The platform aims to become a comprehensive hub for decentralized finance (DeFi) on the network. Astros Perps is designed to cater to the Sui trading community by providing a decentralized, hyper-liquid perpetual exchange. This is achieved through the robust liquidity infrastructure established by NAVI and its network of ecosystem DeFi builders.
Understanding Perpetual Swaps and Margin Options
Perpetual swaps, or ‘perps,’ are derivative contracts that allow traders to speculate on cryptocurrency prices without an expiration date. They offer flexibility for indefinite holding, provided margin requirements are met. Unlike traditional futures, perps use a funding rate to align with spot prices, enabling traders to amplify positions through leverage.
Astros Perps integrates both isolated and cross margin options. Cross margin allows all open positions to utilize the entire account balance, reducing the risk of liquidation but increasing overall exposure. In contrast, isolated margin allocates margin exclusively to a single position, offering greater control over individual trades but with a higher risk of liquidation.
Community Engagement and Future Plans
Astros Perps is not only focused on trading features but also on community engagement. The platform plans to introduce several community-building initiatives, including a referral program that rewards users with up to 50% cashbacks on trading fees. Additionally, users can participate in daily Ore mining to win prizes such as NFTs and collectibles.
The Beta version of Astros Perps will feature a trading competition, allowing users to test the platform’s features and contribute to its development. This initiative is part of NAVI’s broader strategy to redefine the DeFi landscape on the Sui network, as detailed here.
Astros Perps is set to launch in Alpha mode with paper trading and test USDC, inviting the Sui community to explore and shape its future. This launch underscores NAVI’s commitment to accessibility, flexibility, and growth in the DeFi sector.
Why This Matters: Impact, Industry Trends & Expert Insights
Astros has launched Astros Perps, a new platform offering perpetual swaps with up to 25x leverage on the Sui Network, aiming to enhance the trading experience and expand the DeFi ecosystem.
A recent Crypto Times report highlights the significant growth in decentralized perpetual exchanges (Perp DEXs), which are gaining traction due to their accessibility and innovative trading models. This aligns with Astros Perps’ launch, which aims to leverage these trends to provide a robust trading platform.
As per insights from a Coin Bureau analysis, expert opinions on 25x leverage crypto trading emphasize the balance between potential gains and risk management. This supports the introduction of Astros Perps, which offers 25x leverage as a moderate risk strategy to attract traders looking to amplify returns while managing volatility.
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