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Aster DEX launches SKHYB "Hold-to-Use" campaign: Hold SKHYB tokens to serve as collateral for perpetual contract trading, with participants sharing a $15,000 prize pool.

1 hours ago

Decentralized perpetual contract trading platform Aster DEX has announced the launch of its "Hold & Share" reward program for SKHYB, the SK Hynix token under Binance’s tokenized US stock product line bStocks, with a total prize pool of SKHYB worth $15,000. The program’s core mechanism is "Hold & Trade": after users deposit SKHYB into their Aster perpetual contract accounts and enable multi-asset mode, SKHYB can be used as collateral, with a maximum collateral value of 90% of its market value. This allows users to trade any perpetual contract market without selling their SKHYB holdings. Aster also announced that SKHYB spot trading is now live, enabling users to "hold stocks while trading with stocks". The program runs from 10:00 UTC on July 15 to 10:00 UTC on July 22, spanning 7 days. To participate, users must meet three requirements simultaneously: enable multi-asset mode, hold at least $100 worth of SKHYB in their perpetual contract accounts, and execute at least $1,000 in trades across any perpetual contract market during the program period. Rewards are distributed proportionally based on individual scores, calculated as SKHYB balance multiplied by holding hours (full hours only). The maximum individual reward is capped at 3% of the total prize pool, and rewards below $1 will not be issued.

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