ApeX Protocol

From DefiLlama
Jump to navigation Jump to search

ApeX, an innovative derivatives protocol to provide Web3 users with a supreme derivatives trading experience.

How it work

ApeX protocol is a decentralized and non-custodial derivatives protocol that facilitates the creation of perpetual swap markets for any token pair. Users can trade crypto derivatives directly on the Ethereum blockchain without any intermediaries. The ApeX protocol offers unlimited flexibility as users can create markets on any underlying asset while maintaining control of their private keys.

ApeX vision

ApeX empowers traders around the world with open and transparent financial tools that can help preserve and grow their wealth. It aims to drive financial inclusion and make crypto derivatives trading more accessible.

ApeX Features

  • 1. Permissionless perpetual contract trading with leverage
  • 2. Elastic automated market maker (eAMM)
  • 3. Protocol controlled value (PCV)

APEX Token

APEX is the native token of the ApeX protocol. Users can earn APEX by participating in AMA, bug bounty, liquidity mining, NFT trading, and more.

APEX Use Cases

APEX holders can stake tokens on the ApeX protocol to earn lifetime trading fee discounts and other perks. By staking Apex token, user can:

  • 1. Grab additional APEX tokens
  • 2. Earn transaction fees of the protocol
  • 3. Take part in protocol governance

Sources: