Perpetual

Spot

hot
hot

APEX BLOG

Stay at the forefront of decentralization
with regular ApeX news, deals and research.


    Filters
    AllEvents & Campaigns

    Celebrating 1 Year of Decentralized Excellence: A Look Back and Ahead

    Nov 21, 2023

    3 min read

    Order Book

    DEX

    Rewards

    banner

    As we celebrate ApeX's first anniversary today, it's a significant moment to pause and reflect on the amazing journey we've taken together. Over the past year, ApeX has evolved into a pioneering force within the decentralized exchange (DEX) landscape.

    Today, we want to share with you, ApeXers, some of the significant milestones we've achieved together, our plans for the future, and the exciting ways we're celebrating this with 25,000 USDC and 50,000 APEX up for grabs!

    Accomplishments: Paving the Way for Decentralized Excellence

    1. DEX with ApeX: The creation of ApeX Pro was inspired by the need for a DEX that addresses the shortcomings of existing ones in the market: overcoming issues such as high gas fees, poor order execution and a lack of user friendly UI. Built on StarkWare's Layer 2 scalability engine StarkEx and operating on an orderbook model, ApeX now offers both USDC and USDT cross-margined perpetual contracts with over 25 trading pairs, boasting over 17B cumulative trading volume with over 29K traders on the platform. Supporting 7 chains and 10+ wallet options, offering cost-efficient gas-less trading (0.05% maker and 0.02% taker fees), with up to 50x leverage, ApeX provides a secure, transparent, efficient, and user-friendly experience for traders.

    2. Staking Program: In line with our commitment to Web3 ethos and as a gesture of gratitude to all our contributors on ApeX, we have implemented a revenue-sharing program via Staking, allowing our community to actively participate in the success of ApeX. Under our revenue-sharing model, the ApeX revenue is distributed among participants in the form of real yield (USDC), fostering a mutually beneficial relationship between the platform and its users. With an average staking APY at 26.5%, ApeX stakers have earned over 450K USDC since the program's launch.

    3. SLP: When it comes to passive income, our initiatives go beyond Staking. This year we also launched Smart Liquidity Pool, the first-ever market-making liquidity pool on a decentralized orderbook DEX, designed to level the playing field for retail users by democratizing market-making and allowing a passive income generation with just a small capital size of 100 USDC. SLP has become a favorite among ApeXers, consistently reaching full subscription within minutes of launch and tier unlocks. With an average APR at 18.85%, SLP empowers retail users to contribute liquidity to the platform, further enhancing the efficiency and depth of our markets, while passively earning subscribers fees in USDC.

    4. ApeX Bot: Being at the forefront of innovation and breaking new ground, we also introduced the first-ever decentralized and self-custodial trading bot for derivatives trading on Telegram, giving our users unparalleled flexibility and control in their trading strategies while maintaining full ownership and oversight over their funds.

    5. Strategic Partnerships: Over the past year, we have forged multiple strategic partnerships, expanding our ecosystem and ensuring our users have access to a comprehensive suite of tools and resources:

      • Collaborations with algorithmic trading software like Astrabit, enhancing user access to decentralized offerings on ApeX Pro;

      • Partnership with X-explore, a crypto market research platform, to help detect and prevent wash trading and Sybil attacks, ensuring the accuracy of trades on ApeX Pro;

      • Collaboration with Stork, a provider of STARK and EVM-chain compatible oracle network services, empowering traders with precise and reliable price data on all available assets, contributing to the platform's overall security and user experience;

      • Providing ApeXers with enhanced flexibility, interoperability, and rewarding experiences, as we extend support to seven chains and 10+ wallets, and actively engage in our partners' community initiatives such as Arbitrum Odyssey and Mantle Journey.

    Celebrations: ApeX's Anniversary Extravaganza

    We're not just celebrating a year; we're celebrating the incredible community that has made ApeX what it is today. Join us for 2 weeks of festivities with 25,000 USDC and 50,000 APEX up for grabs, that includes:

    • Trading Competition: Test your skills and compete for exciting rewards in our special 1-year anniversary trading competition.

    • Staking Reward Boost: Enjoy triple-boosted staking rewards for a limited time as a token of our appreciation for your continued support.

    • Social Media Games: Engage with us on social media and participate in games for a chance to win additional rewards in USDC/APEX.

    • ApeXer Nominations: Recognize and nominate those community members who have contributed significantly to the success of ApeX. Let's celebrate our outstanding ApeXers together.

    Roadmap: What Lies Ahead for ApeX

    This is just the beginning. Looking forward, we are getting ready for for more exciting developments. Here's a sneak peek into our upcoming quarters:

    • Social Trading: Expect exciting developments on the social trading front, including the launch of DIDs, SBT minting event, and the introduction of copy trading and other social trading tools.

    • Tokenomics Updates: We're gearing up for some exciting changes in our tokenomics! Here's what's on the horizon:

      • $APEX Supply Reduction: We're planning to reduce the $APEX supply from the treasury, initially targeting 10-15% of the total supply.

      • Buyback and Burn Mechanism: We're introducing a Buyback and Burn Mechanism, allowing APEX holders to seamlessly swap their APEX tokens directly on ApeX.

      • LP Revenue Sharing Programs: We're set to launch LP Revenue Sharing programs by bootstrapping APEX-ETH liquidity pools on top-tier DEXs. Liquidity providers can jump into ApeX revenue sharing, earning real yield in USDC.

        Exciting times ahead!


    As we celebrate our 1 year anniversary milestone, we express our gratitude to the ApeX community for your unwavering support. Your trust and engagement have been instrumental in shaping the success of ApeX.

    Here's to a year of achievements, and to many more years of pioneering decentralized excellence together.

    Happy Trading!

    0