Astherus Rebrands to Aster, Marking Strategic Shift Toward Becoming Leading Decentralized Perpetuals Exchange
Astherus, a renowned multi-asset liquidity hub, has officially rebranded to Aster, a next-generation decentralized perpetual exchange.
According to an official announcement today, the rebranding aims to position the platform as a leading decentralized perpetuals exchange (perps DEX).
Following the transition, Aster has introduced its future token ticker, $AST, which will replace the current $APX token. This follows the earlier merger between Astherus and decentralized perp protocol APX Finance.
Once the foundation is in place, $AST will represent the platforms evolving identity while playing a central role in the ecosystem.
While APX and Astherus boast of collectively processing over $258 billion in decentralized perpetual trading volume, Aster will build on its previous success and introduce two new trading modes to facilitate seamless trading.
These trading modes include Simple Mode and Pro Mode. The former features On-chain, one-click, MEV-resistant perpetual trading, while the latter features an advanced order book interface with deep liquidity, extremely low trading fees, and advanced trading tools.
Following the rebranding, Aster is now strategically positioned to challenge industry leaders like Hyperliquid. Its roadmap includes integrating zero-knowledge proofs, a purpose-built Layer 1 blockchain, and intent-based architecture to simplify the DeFi trading experience.
The rebranding will see the platform feature a redesigned homepage reflecting its new identity, enhanced trading UI and UX with seamless switching between modes, and deep liquidity.
The upgrade also introduced a new fee structure that charges 0.01% on Maker and 0.035% on Taker. It will also introduce a referral program offering a 20% commission with a tiered system in the works.
Nonetheless, Aster has revealed that it will launch its Rh Points Program within the next two weeks. In this program, traders earn points redeemable for future airdrops. Aster will also welcome all traders with a special $10,000 trading campaign targeting users from other leading perp DEXs.
Dust, a Core Contributor of Aster, commented on the platforms rebrand, saying;
The rebrand is central to our ambition of leading the DeFi perps market. Our strategic focus on perpetual trading will also ensure Asters long-term sustainabilityOur roots in APX and YZi Labs gave us a strong foundation in both trading infrastructure and yield strategies. Aster will continue to prioritize top-tier user experience, liquidity, and security.
Text source: ZyCrypto
