What is ApeX?
ApeX is a decentralized and non-custodial derivatives protocol that facilitates the creation of perpetual swap markets for any token pair. The protocol operates through a series of immutable and persistent smart contracts on the Ethereum blockchain, where users are free to trade directly without intermediaries.
Read the ApeX Litepaper to learn more about its key features.
What is a decentralized derivatives protocol?
Crypto derivatives were first introduced and popularized by centralized exchanges such as BitMEX and Binance. These exchanges allow users to invest in cryptocurrencies without owning them by using Perpetual Swap contracts. Centralized exchanges facilitate the exchange of Perpetual Swaps between buyers and sellers and charge a transaction fee in return for their service. These exchanges operate as escrows where users have to entrust the exchange with their private keys, giving up control of their assets. Transactions on centralized exchanges are not recorded on the blockchain, and users do not have full transparency of how trades are executed.
In contrast, decentralized exchanges aim to eliminate centralized structures by enabling open and secure peer-to-peer trading directly on the blockchain. Decentralized exchanges are run by smart contracts, which are programmed to perform many different operations, including facilitating trades on the exchange. Decentralized exchanges offer limitless flexibility where users can create markets on any underlying asset while retaining control of their private keys.
ApeX Mission & Philosophy
“We will defend to the death your right to trade [$meme, $game, $governance, $NFT], with leverage.” — ApeX
Our mission is to empower traders around the world by providing open and transparent financial tools that can help preserve and grow their wealth. We aim to drive financial inclusion and make crypto-derivatives trading more accessible so that everyone can truly own their trades and be part of the exchange itself.
In line with our mission, ApeX operates on three core philosophies:
- Fully Permissionless: Anyone can create any market and trade any assets on ApeX.
- Liquidity in Perpetuity: Liquidity is a core part of the infrastructure; worry no more about rug pulls.
- Full-Spectrum Asset Support: Liquidity providers can provide liquidity in any asset, which helps create a market for niche investment strategies.
What’s next?
ApeX will launch a mainnet preliminary release between December 2021 to January 2022.
Once launched, our first objective is to secure liquidity of the protocol through our liquidity bootstrapping initiatives. For the first half of 2022, we will focus on building the core foundations of the ApeX protocol, including:
- Bonding Program & V1 Launch
- Advanced Trading Experience
- Multi-Chain Deployment
Feel free to discuss anything with us on our Website, Discord, Telegram, or pm us on Twitter!
Stay tuned for more updates on ApeX.
