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

ChainCatcher message, APX Finance announced in a tweet that it has strategically merged with the multi-asset Liquidity center Astherus. The two parties will integrate teams, products, and business functions to promote on-chain yield aggregation, Liquidity deployment, and Perptual Futures Trading innovation. In addition, the existing $APX will be mapped to the new Astherus Token $ASS, and the APX DAO will be revamped and updated simultaneously. Specific details will be announced next quarter, and the TGE (Token Generation Event) is expected to launch in 2025. According to RootData, a Web3 asset data platform, APX Finance is a decentralized derivative exchange that provides order books and on-chain Perpetual Futures. Users can enhance their trades with up to 1001x leverage, zero slippage, and competitive fees.