TL;DR
As a key initiative to bootstrap liquidity pools on top-tier DEXs across various chains, we aim to enhance our revenue-sharing program on ApeX and provide more opportunities for our token holders to diversify their earnings through stacked rewards incentives.
We are excited to kick off this journey with our inaugural partnership with Camelot.
The APEX-ETH pool is now live on Camelot — provide liquidity and start accumulating rewards in USDC, ARB, and GRAIL!
Introduction
In case you missed it, we've recently launched the $APEX tokenomics revamp and embarked on pivotal initiatives from our roadmap. In January alone, $APEX witnessed an astounding 768.63% surge, showcasing heightened demand and growing confidence.
As part of our ongoing roadmap, aiming to elevate the tokenomics model of $APEX and deliver added value to our token holders, we're initiating liquidity pool bootstrapping on top-tier DEXs for each chain.
For our first APEX-ETH liquidity pool, we've joined forces with Camelot — the Arbitrum native DEX. Leveraging Camelot’s V3 AMM Vaults with innovative features enhancing capital efficiency and performance, we anticipate generously rewarding our Arbitrum community with an enticing reward scheme!
Exploring Liquidity Pools and ApeX's Move to Bootstrap APEX-ETH
Liquidity pools on Automated Market Makers (AMMs) enable decentralized trading, allowing users to provide liquidity and earn a share of trading fees as a reward.
Our decision to establish liquidity pools across top-tier DEXs aims to provide our community with robust, secure, and lucrative opportunities, allowing members to accrue staked rewards across various chains and maximize their share of ApeX revenue via our Staking Program.
This initiative offers diverse options and enhanced avenues for passive income generation.
Getting Started with the APEX-ETH Vault on Camelot
Start your journey by providing liquidity in the APEX-ETH V3 pool on Camelot.
V3 pools enable liquidity providers to concentrate their funds within specific price ranges, thereby enhancing liquidity at chosen prices. You have the option to utilize either manual mode or auto mode.
We recommend using the auto mode as it automatically adjusts price ranges and provides staked positions (spNFTs), which allows you to earn not only a share of fees generated by the pool stemming from the pool swap (trading) fees, but also additional farming rewards in GRAIL.
Moreover, you can add another layer of yield to the existing reward mechanism by depositing your staked positions (spNFTs) into a Nitro Pool and earn additional rewards in ARB bi-weekly. Please view the distribution plan for ARB rewards here (row 34).
Taking into account the details above, when users contribute liquidity to the APEX-ETH vault, they acquire a staked position, which results in GRAIL farming rewards in addition to their share of swap fees earned. Moreover, with staked positions users get the opportunity to participate in a Nitro pool to earn extra rewards in ARB. This incentive system allows users to accumulate stacked incentives, thereby amplifying their overall rewards earned.
Boosted Revenue Sharing via ApeX Staking Program
But we're not stopping here! We have something exciting in store for you, coming up very soon!
By becoming an LP on Camelot and simultaneously enrolling in the ApeX Staking Program, you'll witness a boost in your weekly rewards on ApeX, paid out in USDC.
Just to recap, the ApeX Staking Program is our revenue-sharing initiative, channeling 30% of the trading platform revenue to the program participants. ApeXers can claim their share of protocol revenue in real yield every week, actively participating in the growth and success of our platform.
Being an LP on Camelot will not only multiply your rewards within the Camelot ecosystem itself, but will also increase your earnings as an ApeX Staking Program participants.
Stay tuned as we roll out more details as to how the staking boost will work for Camelot APEX-ETH LPs on ApeX.
A Look Ahead
Camelot is just the beginning of our exciting partnerships set to unfold throughout the year across various DEXs, underscoring our commitment to providing diverse and advantageous opportunities for ApeXers. This strategic initiative not only fortifies the liquidity and stability of $APEX but also unlocks fresh avenues for our community to capitalize on our growth.