Decentralized derivatives platform Aster DEX has formally confirmed that it’s going to delist the OWLUSDT perpetual contract, urging merchants to shut their positions earlier than the removing deadline.
In keeping with the platform’s newest announcement, the Owlto Finance /$USDT buying and selling pair will quickly be eliminated as a part of a scheduled delisting course of. The transfer primarily impacts merchants presently holding open perpetual contract positions within the pair.
The trade clarified that the choice solely impacts the OWLUSDT contract, whereas all different buying and selling pairs, belongings, and companies on the platform will proceed working as typical.
Scale back-Solely Mode Begins Earlier than Delisting
Earlier than the contract is absolutely eliminated, Aster DEX will place the OWLUSDT pair into Scale back-Solely mode.
This variation will take impact on March 10, 2026, at 08:30 UTC. As soon as this mode is activated, merchants will not have the ability to open new positions for the OWLUSDT perpetual contract.
Nevertheless, customers will nonetheless have the ability to scale back or absolutely shut their current positions throughout this part. Scale back-Solely mode is often carried out by exchanges earlier than delisting occasions to present merchants time to exit the market whereas stopping new publicity.
Closing Delisting Scheduled for March 10
The platform confirmed that the official delisting of the OWLUSDT buying and selling pair will happen at 09:00 UTC on March 10, 2026, simply half-hour after the Scale back-Solely part begins.
Merchants are strongly suggested to shut their positions and cancel any pending orders earlier than the ultimate deadline. The trade warned that customers who fail to handle their positions in time might expertise computerized system actions as soon as the pair is eliminated.
This step is a part of the platform’s effort to make sure a easy and orderly delisting course of for all merchants.
What Occurs to Remaining Positions?
After the delisting time, Aster DEX will robotically deal with any remaining buying and selling exercise associated to the OWLUSDT pair.
If merchants nonetheless maintain open positions when the contract is eliminated, the system might shut these positions robotically on the present market worth. Moreover, any open orders related to the pair can be robotically canceled by the platform.
Such measures are sometimes utilized by exchanges to reduce buying and selling disruptions and shield customers from surprising market publicity as soon as a contract is eliminated.
OWL Token Worth Efficiency
The delisting announcement comes amid weak efficiency for Owlto Finance (OWL) within the broader market.
On the time of reporting, OWL is buying and selling round $0.008080 towards $USDT, reflecting a 3.92% achieve over the previous 24 hours. Nevertheless, the token has skilled a broader downturn in latest weeks.
Over the previous week, OWL has dropped 22.19%, whereas its month-to-month efficiency reveals a decline of 24.62%. Yearly, the token has suffered a steep 83.05% drop, highlighting the continued strain available in the market.
Regardless of the delisting of the OWLUSDT contract, Aster DEX confirmed that each one different markets on the platform will stay unaffected, and customers are inspired to watch official bulletins for future updates.
