Aster launches the SKHYB position activity, supporting tokenized stocks as collateral for perpetual contracts

According to official news, the decentralized derivatives trading platform Aster has announced the launch of spot trading for tokenized stock $SKHYB, and today it has started a week-long position and trading activity, sharing a prize pool of $15,000 in $SKHYB.

According to the activity announcement, the Aster platform now supports bStocks assets as collateral for perpetual contracts. After enabling multi-asset mode, users can convert the deposited $SKHYB into collateral assets at up to 90% of market value. This means users can participate in trading in any perpetual contract market without having to sell the underlying stocks, aiming to leverage the advantages of multi-asset margin to effectively enhance users' capital utilization efficiency.

It is reported that bStocks are tokenized securities issued by BTECH Holdings, which achieve a 1:1 peg with the underlying stock assets held by regulated custodians.