Aster DEX, a decentralized derivatives platform, has formally confirmed that it’ll delist the OWLSDT perpetual contract and referred to as on merchants to shut their positions by the deletion deadline.
In line with the platform's newest announcement, Owlto Finance /$USDT The buying and selling pair will likely be eliminated quickly as a part of the deliberate delisting course of. This transfer primarily impacts merchants who at present maintain perpetual contract positions on the pair.
The alternate clarified that this resolution solely impacts the OWLUSDT contract, and all different buying and selling pairs, property and companies on the platform will proceed to function as normal.
Discount-only mode begins earlier than delisting
Earlier than the contract is completely deleted, Aster DEX units the OWLUSDT pair to Cut back-Solely mode.
This alteration will take impact on March 10, 2026 at 08:30 UTC. As soon as this mode is activated, merchants will be unable to open new positions in OWLUSDT perpetual contracts.
Nevertheless, even at this stage customers can cut back current positions or shut them fully. Cut back-Solely mode is usually applied by exchanges earlier than a delisting occasion to provide merchants time to exit the market whereas stopping new publicity.
Last delisting is scheduled for March tenth
The platform has confirmed that the official delisting of the OWLSDT buying and selling pair will happen on March 10, 2026 at 09:00 UTC, i.e. simply half-hour after the beginning of the Cut back-Solely part.
Merchants are strongly suggested to shut positions and cancel pending orders earlier than the ultimate deadline. The alternate warned that if a person fails to handle their place in time, deletion of the pair might end in automated system actions.
This step is a part of the platform's efforts to make sure a easy and orderly delisting course of for all merchants.
What is going to occur to the remaining positions?
After the delisting interval, Aster DEX will routinely deal with the remaining buying and selling exercise associated to the OWLUSDT pair.
If the dealer nonetheless holds open positions when the contract is eliminated, the system might routinely shut these positions on the present market value. Moreover, any excellent orders related to the pair will likely be routinely canceled by the platform.
Such measures are sometimes utilized by exchanges to reduce buying and selling interruptions and defend customers from unexpected market dangers after a contract is terminated.
OWL token value efficiency
The delisting announcement comes amid poor efficiency for Oult Finance (OWL) throughout the market.
On the time of reporting, OWL is buying and selling at round $0.008080 towards the US greenback. $USDTreflecting a rise of three.92% over the previous 24 hours. Nevertheless, the token has skilled widespread declines in latest weeks.
Over the previous week, OWL is down 22.19%, whereas month-to-month efficiency reveals a drop of 24.62%. 12 months on yr, the token has suffered a major 83.05% decline, highlighting the continued strain available in the market.
Regardless of the delisting of the OWLUSDT contract, Aster DEX confirmed that every one different markets on the platform are unaffected and customers are inspired to watch official bulletins for future updates.
