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Documentation Index

Fetch the complete documentation index at: https://docs.astaria.trade/llms.txt

Use this file to discover all available pages before exploring further.

Astaria’s margin system is designed specifically for event-linked perpetuals. Unlike crypto perpetuals, event markets have:
  • Prices bounded between 0 and 1
  • Thin liquidity near the extremes
  • Discrete resolution into a terminal outcome
  • Jump risk that increases near settlement
For that reason, Astaria uses a resolution-aware margin framework.

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Initial Margin

Initial Margin determines how much collateral is required to open a position. It may include:
  • A continuous volatility component
  • A jump-risk component
  • A size-versus-depth adjustment for large positions

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Maintenance Margin

Maintenance Margin is the minimum account equity required to keep a position open. If account equity falls below Maintenance Margin, the account becomes eligible for liquidation.

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Leverage

Maximum leverage is dynamic rather than static. Astaria may reduce available leverage as:
  • Resolution approaches
  • Market liquidity deteriorates
  • Jump risk increases
  • The underlying probability moves toward the boundaries of 0 or 1

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Resolution-Aware Compression

As an event approaches resolution, Astaria can compress maximum leverage toward 1x. This is designed to reduce terminal-jump risk and prevent positions from remaining highly levered into final settlement.