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Saint Vincent and, the Grenadines, November twenty first, 2023, Chainwire – ApeX Protocol, one of many main permissionless and non-custodial derivatives decentralized exchanges (DEX), is proud to announce its first-year anniversary, marking a 12 months of exceptional achievements, strategic partnerships, and thrilling roadmap unveilings. ApeX shall be celebrating this milestone with a 2-week lengthy celebration, with 25,000 USDC and 50,000 APEX in rewards.
Accomplishments: Decentralized Innovation at its Greatest
In simply 12 months, ApeX has solidified its place as a pacesetter within the DeFi house, providing each USDC and USDT cross-margined perpetual contracts with as much as 50x leverage on over 25 buying and selling pairs, boasting over 17B cumulative buying and selling quantity and over 29K merchants. Constructed on StarkWare’s Layer 2 scalability engine StarkEx and working on an orderbook mannequin, ApeX supplies a safe, environment friendly, and user-friendly expertise for customers.
Other than growing a DEX, ApeX has additionally launched 2 passive earnings options with the launch of the Staking program and Sensible Liquidity Pool (SLP — the first-ever market-making liquidity pool on a decentralized orderbook DEX). With a median staking APY of 26.5%, members have earned over 450K USDC through revenue-sharing because the program’s launch, actively partaking within the success of the undertaking. With a median APR at 18.85%, SLP has empowered retail customers to entry market-making methods with a minimal $100 deposit and contribute liquidity to the platform, whereas passively incomes charges in USDC.
What’s extra, ApeX has launched the primary ever decentralized and self-custodial trading bot on Telegram and likewise shaped a sequence of strategic partnerships with outstanding market gamers equivalent to Bybit, Mantle, Arbitrum, and many others., to increase the ecosystem and enrich consumer experiences. Different notable collaborations embody teaming up with algorithmic buying and selling software program like Astrabit, market analysis platform X-explore for detecting and stopping wash buying and selling and Sybil assaults, and oracle community providers supplier Stork for exact and dependable worth knowledge feeds.
Celebrations: 25K USDC and 50K APEX in Rewards
To have a good time this vital milestone, ApeX is internet hosting a two-week extravaganza with 25,000 USDC and 50,000 APEX up for grabs, together with a particular 1-year anniversary trading competition, triple-boosted staking rewards, partaking social media video games, and recognition for excellent neighborhood members who’ve contributed considerably to the platform.
The Roadmap: The Journey Continues
Trying forward, ApeX is gearing as much as introduce thrilling additional developments:
- Web3 Social Buying and selling: ApeX is poised for vital developments in social buying and selling, together with the upcoming launch of DIDs, SBT minting occasion, and the introduction of copy buying and selling, together with different social buying and selling instruments. These improvements are supposed to present customers with enhanced avenues for collaboration and shared success.
- Tokenomics Updates: Moreover, ApeX is making ready to restructure its tokenomics to optimize the mannequin for the neighborhood’s profit and total undertaking worth, with 3 key initiatives:
- First, a strategic discount within the $APEX provide from the treasury, initially concentrating on 10-15% of the overall provide;
- Second, the introduction of a Buyback and Burn Mechanism to empower APEX holders with seamless token swaps straight on ApeX;
- Lastly, bootstrapping APEX-ETH liquidity swimming pools on top-tier DEXs and enabling liquidity suppliers to take part in ApeX income sharing by incomes yields in USDC.
As ApeX celebrates its first 12 months, the journey forward appears much more promising. “ApeX’s first 12 months has exceeded our expectations, and we’re thrilled to proceed pushing the boundaries of decentralized finance. This anniversary is a testomony to the unbelievable neighborhood that has formed ApeX into what it’s at the moment. Our accomplishments and partnerships showcase collective effort and keenness driving decentralized excellence, whereas our roadmap displays our dedication to innovation and supplies customers with a seamless, rewarding buying and selling expertise,” shared Tekla I, the Head of Enterprise Improvement at ApeX Protocol.
With a give attention to user-centric improvements, strategic collaborations, and a dedication to decentralized excellence, ApeX stays on the forefront of shaping the way forward for decentralized finance.
About ApeX
ApeX is a non-custodial buying and selling platform that delivers limitless cross-margined perpetual contracts to its metacommunity below a brand new social buying and selling framework. It’s primed to offer limitless entry to the perpetual swaps market with its order guide mannequin, because it stays dedicated to the guarantees of velocity, effectivity, and safety with transparency on merchants’ most popular derivatives buying and selling belongings.
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