Haciyev Reşit 
Crypto derivatives exchange Aster DEX has announced that it has listed oil derivatives trading by adding a new commodity product to its platform. Users can now trade based on oil prices through the $CL Perp contract and open long or short positions depending on price movements in the commodity market. To support the new listing, Aster also announced the launch of a trading campaign with a $10,000 ASTER reward pool for traders. According to the platform, users will be able to trade oil price movements with up to 20x leverage. This allows investors to apply more flexible trading strategies depending on their expectations of oil price increases or decreases. The development shows that crypto derivatives platforms are no longer limited to digital assets and are beginning to expand into traditional commodity markets, integrating different asset classes into their platforms.
Oil Trading Begins on Aster DEX
The $CL Perp contract listed by Aster allows users to trade based on expectations of rising or falling oil prices. Through this contract, traders can open long or short positions on oil price movements without direct access to traditional commodity markets, allowing them to benefit from market volatility. The platform noted that recent sharp price movements in the oil market have increased interest in such derivative products. According to the latest data, oil prices have risen by approximately 84% over the past month. This strong surge indicates significantly increased volatility in the commodity market and creates new trading opportunities for traders seeking to profit from short-term price movements.
$10,000 Trading Campaign Launched
To celebrate the listing of the oil derivative product, Aster DEX has launched a special trading campaign for its users. As part of the campaign, a total of $10,000 worth of ASTER tokens will be distributed as rewards. The event will take place from March 6, 11:00 to March 13, 11:00 and aims to reward active traders on the platform. According to the announcement, the reward pool is divided into two different categories.
Leaderboard Rewards
50% of the total reward pool ($5,000) will be distributed among traders with the highest trading volume. A leaderboard will be created based on the trading volume generated by users.
Reward distribution:
- 1st place: $2,500
- 2nd place: $1,250
- 3rd place: $1,250
- 4th & 5th place: Share the remaining $1,250 equally
To participate in this category, traders must reach at least $1 million in taker trading volume on the CLUSDT perpetual trading pair. Users who meet this requirement will have the chance to appear on the leaderboard and earn rewards.
Participation Rewards
The remaining $5,000 reward pool will be distributed as participation rewards. Users who reach $20,000 or more in trading volume during the campaign will share this pool equally. This category aims to involve a wider user base in the campaign and increase trading activity on the platform.
Campaign Rules
According to the information shared by Aster, several important rules apply during the campaign to ensure fairness and transparency.
- 1.2x Volume Multiplier for CLUSD Perpetual Trades
Trades executed on the CLUSD perpetual trading pair during the campaign will be counted with a 1.2x volume multiplier when calculating trading volume. This allows users to build leaderboard volume faster. - No ASTER Holding Requirement
Users are not required to hold ASTER tokens in their wallet or account to participate in the campaign. All traders on the platform can join the competition based solely on their trading volume. - Wash Trading and Sybil Farming Will Lead to Disqualification
Aster stated that it will closely monitor activities such as wash trading or multi-account usage (Sybil farming) to prevent market manipulation. If such activities are detected, users will be disqualified from the campaign. - Minimum Reward Distribution of 1 ASTER
At the end of the campaign, only rewards of 1 ASTER or more will be distributed. This rule is designed to avoid extremely small reward allocations and make the reward system more efficient.
The addition of oil derivatives trading to Aster DEX highlights the growing integration between crypto derivatives markets and traditional commodity markets. While the $CL Perp contract allows traders to benefit from oil price movements, the $10,000 campaign aims to boost trading activity on the platform.
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