APX Finance has reached a strategic merger with Astherus, and the APX token will be mapped to the new ASS token

2024-12-05 22:33:08

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ChainCatcher news, APX Finance tweeted that it has reached a strategic merger with multi-asset liquidity center Astherus. Both parties will deeply integrate teams, products, and business functions to drive innovative businesses such as on-chain yield aggregation, liquidity deployment, and perpetual contract trading.

In addition, the existing $APX will be mapped to the new Astherus token $ASS, and the APX DAO will undergo transformation and updates simultaneously. Specific details will be announced in the next quarter, with the TGE (Token Generation Event) expected to launch in 2025.

According to the Web3 asset data platform RootData, APX Finance is a decentralized derivatives exchange that offers an order book and on-chain perpetual contracts. Users can enhance their trading with leverage of up to 1001 times, zero slippage, and competitive fees.

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