Aster moved PAPER pre-market perpetuals to reduce-only mode and scheduled delisting for 9:45 a.m. Beijing time on Oct. 20, according to BlockBeats.
Risk controls
Aster advised users with open positions to close before delisting and described the move as a preventive measure to manage market risk and maintain orderly trading.
Background
BlockBeats said Papertrade had no current plan to allow off-platform transfers of PAPER token contracts and was adjusting short-term trading fees and its token issuance curve. The report said the team warned that external short exposure could increase manipulation incentives because those markets sit outside protocol control.
Source: BlockBeats flash.