As we wrap up our Trade-to-Earn (T2E) campaign, a big shoutout to all of you who've been part of this incredible journey. Your passion and commitment have truly made this 1-year ride a success.
Over the past 52 weeks, our traders have collectively earned an impressive total of 19,960,700,611 BANA rewards.
Time to Claim your APEX
Now, if you've been holding onto BANA in your wallets or provided liquidity in the BANA-USDC pool, it's time to convert those BANA holdings into our native governance token — APEX.
Starting this Thursday, November 23, 2023, 8AM UTC users can redeem APEX for BANA at the existing exchange rate (1 BANA = 0.0012 APEX). It's your chance to get your hands on APEX and explore the possibilities that come with being an APEX holder.
Stake APEX, Earn USDC
Once you've got your APEX, you can take it to the next level by staking your tokens.
ICYDK — The ApeX Staking Program lets you share in the protocol's revenue, giving you the chance to earn real yield in USDC. With the T2E campaign wrapping up, the entire 30% of revenue that used to be split between the staking and the BANA-USDC pools will now be pumped into the Staking program.
Yes, that's right 30% of the protocol revenue will be distributed among the Staking program participants.
To get a refresher on how staking works on ApeX, check out our blog.
The Road Ahead
But we're not putting the brakes on just yet.
If you had the chance to read our 1-Year Anniversary blog, you're already aware that we're gearing up for some thrilling changes to revamp APEX tokenomics. Our main goal is to maximize community benefits and enhance project value by: (1) reducing the $APEX supply from the treasury, starting with 10-15% of the total supply; (2) introducing Buyback and Burn Mechanism, allowing users to swap APEX tokens directly on ApeX; and (3) Launching LP Revenue Sharing programs by setting up APEX-ETH liquidity pools on top-tier DEXs.
Stay tuned for more details on these changes as we continue to grow and evolve together.
We're stoked for the exciting times ahead.