ApeX is a revolutionary protocol positioned as a resilient ecosystem that prioritizes decentralized governance and disintermediation and offers a self-adjusting rate mechanism, with the potential to become the standard for all crypto derivatives platforms.
SINGAPORE, April 15, 2022 (GLOBE NEWSWIRE) — In recent years, the future of finance has ridden the wave of decentralization at speeds previously unimaginable. In line with a fundamental rethinking of how money works, with a focus on open source code and permissionless networks, apex is a decentralized, permissionless and non-custodial platform that enables the creation of perpetual swap (funding) markets for any pair of tokens. Perpetual swaps are derivative contracts that allow two counterparties to trade on margin where settlement occurs only when one party terminates the contract.
The state of ApeX
It was an eventful start for ApeX after successfully launching a beta of the protocol on the Arbitrum mainnet, completing its fundraising round and selling a total of 4,580 unique NFTs to its users. With a total pre-mined fixed supply of 1 billion tokens, $APEX represents value and benefits to its users such as governance, protocol incentives and staking.
About crypto and beyond, the key question many are asking is: which is more profitable in the long run – hold or trade? Along with that question comes another: which investment is safer, staking or NFTs? ApeX claims that in today’s world of DeFi, there is no one-size-fits-all investment advice – the ROI depends on the platform used.
The 3 pillars of the ApeX value proposition
The essence of ApeX’s protocol is to create a fully permissionless and globally accessible perpetual contract protocol. The ability to trade with the ApeX protocol without the need for an account or verification opens up the world of trading to anyone with internet access.
ApeX operates on three pillars:
Completely license free — No KYC or AML restrictions. Most DeFi platforms require some form of KYC/AML verification before users can use their services. ApeX believes this creates unnecessary friction for end users and goes against the ethos of a truly permissionless system, and has spoken out against KYC/AML restrictions.
liquidity in the long run — ApeX is a protocol developed as a basis for future applications in several financial industries and considers it essential to provide users with a way to benefit from liquidity delivery without time constraints or limitations.
Full asset support — Crypto assets are more than just tokens to use blockchain technology to transact value across borders and economies. ApeX’s ultimate goal is to become a one-stop shop for every swap need.
The ApeX protocol is funded and supported by global investors
ApeX not only offers decentralized solutions, but also prioritizes providing stable liquidity and supporting the development of the ApeX protocol. ApeX is backed by global partners including Dragonfly Capital Partners, Jump Trading and Tiger Global Management who will support the development of solutions that will change the state of DeFi.
What sets ApeX apart from other perpetual swap protocols
ApeX claims that the most important features of a perpetual swap protocol are the market maker design, the pricing formula, and the risk management system. All three areas must work together seamlessly to ensure fair pricing, efficient pricing and low risk. Two key features of the ApeX protocol set it apart from other protocols on the market.
1. Elastic Automated Market Maker (eAMM)
Elastic Automated Market Maker (eAMM) is a self-balancing system that enables the creation of on-chain derivatives. It has a liquidity pool that is used as collateral for all positions taken by traders. This allows traders to take leveraged long or short positions without the need for counterparties, unlike traditional centralized exchanges that offer spot and futures trading. eAMMs are elastic because they expand and contract based on the amount of funding required by derivatives markets at any given time, so more liquid markets have larger eAMMs than less liquid ones.
2. Protocol driven value
ApeX offers a Protocol Controlled Value (PCV) system, which means the protocol keeps track of all open positions for each user and keeps records of their collateral status. PCV also ensures that all users have enough collateral to support their positions and also incentivizes traders to under-collateralize their positions in order to maximize profits. This model works well for ApeX as it does not require liquidations by an outside party or third party.
The future of ApeX
In the past three months, the ApeX protocol has grown rapidly and changed on its platform. Each week new users join the ApeX protocol as token holders, community members and traders on the exchange. With the V1 launch of the ApeX protocol scheduled for the first half of 2022, the focus of the project is to create a bonding program and launch an advanced trading experience on a multi-chain platform.
ApeX operates on an elastic Automated Market Maker (eAMM) model, with the Constant Product Formula at the heart of pricing. The design philosophy of the eAMM is novel and should reduce some of the friction involved in creating decentralized liquidity pools. By creating a protocol that supports true decentralized trading of collateralized assets, ApeX offers traders complete custody of their funds and protection from market crashes, making it an attractive choice for current and future users.
In the coming months, ApeX has also been preparing various programs to stimulate its users, such as liquidity mining programs, referral programs, staking programs, and others. NFT holders enjoy an 8% discount on the lifetime transaction fee and are eligible to enter their NFT game contest to win up to more than $120,000 APEX.
ApeX is positioned as a stable protocol and ecosystem for the following reasons: the incentive structure that rewards $APEX holders for participating in governance; Disintermediation – no administrators, no trusted third parties; and a self-adjusting interest rate mechanism. The potential of this protocol is evident in the numerous use cases such as tokenized fiat onramps, price arbitrage, synthetic short selling and hedged bets. Overall, ApeX is a well-established and revolutionary protocol that has the potential to become the standard for all crypto derivatives platforms.
Official ApeX Links
Website: https://app.apex.exchange/trade
Twitter: https://twitter.com/OfficialApeXdex
Telegram: https://t.me/ApeXdex
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