ABOUT
PRODUCTS
COMMUNITY
DEVELOPERS

Perpetual

Spot

hot
hot

APEX BLOG

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

    Filters
    AllAnnouncementsNew Partnerships

    ApeX x Elixir: Unlocking New Dimensions of Yield Generation and Market Making with ApeX Fusion

    Mar 20, 2024

    2 min read

    Rewards

    ApeX

    banner

    TL;DR

    • We're excited to announce our partnership with Elixir, a decentralized Delegated Proof of Stake (DPoS) network that offers secure algorithmic market-making across exchanges.

    • In partnership with Elixir, we are thrilled to introduce ApeX Fusion — a decentralized market-making pool supported via Elixir's modular DPoS consensus network, to unlock retail liquidity for trading pairs on ApeX Pro.

    The initiative seeks to elevate the trading experience on ApeX Pro by enhancing liquidity on order books through community involvement, and incentivizing participants with high APY and Elixir points.

    Retail Marketing Making — Empowering Community in Liquidity Provision

    Retail market-making has been rapidly gaining traction in the DeFi landscape, democratizing access to liquidity provision by enabling individuals or small-scale participants with capital to engage in market-making activities.

    A larger pool of retail market makers can foster more efficient markets, enhancing the overall liquidity of DeFi platforms and distributing risk more evenly across the network, while encouraging greater participation in the ecosystem.

    ApeX x Elixir

    ApeX Pro, as a decentralized orderbook DEX, continuously seeks to enhance community engagement in market making. The launch of our Smart Liquidity Pool (SLP) last year is a clear testament to this commitment.

    This time around, we have decided to team up with Elixir to bring more exciting opportunities for ApeXers to contribute to ApeX Pro liquidity while earning attractive APY and extra rewards.

    About Elixir

    Elixir is a modular DPoS consensus network that enables anyone to supply liquidity to orderbooks. The protocol algorithmically deploys liquidity on the books, utilizing the orderbook equivalent of x*y=k curves to build up liquidity and tighten the bid/ask spread.

    Elixir leverages the Uniswap v2 equivalent model to construct order books, ensuring that liquidity providers (LPs) maintain a risk-return profile similar to that of supplying on an AMM.

    To learn more about Elixir and its market-making strategy, please view their official documentation.

    ApeX Fusion

    ApeX Fusion, the pool established on Elixir will enable ApeXers to provide liquidity on ApeX order books while earning attractive rewards and yields.

    Once participants provide liquidity to ApeX Fusion, their funds will be algorithmically allocated across ApeX Pro's order book via Elixir Protocol's decentralized market making framework, allowing users to earn competitive APYs.

    Participants will be able to claim their USDC allocation on a weekly basis.

    The APY is calculated based on a participant's share balance of the pool. For example, if a user owns 10% of a pool, they would receive 10% of the rewards allocated to that pool. All trading profits that are generated on ApeX Fusion by Elixir's market-making strategy are distributed directly to users, with Elixir taking zero fees.

    A Look Ahead

    The partnership with Elixir is the first of many future collaborations, as we aim to fulfill our commitment to providing diverse earning opportunities for our users while further enhancing decentralized trading experience on ApeX.

    DEX with ApeX, your go-to DEX.

    5