The State of ApeX: A Decentralized Perpetual Swap Protocol

 
SINGAPORE - April 16, 2022 - PRLog -- Positioned as a stable ecosystem that prioritizes decentralized governance, disintermediation and provides a self-adjusting interest rate mechanism, ApeX is a revolutionary protocol that has the potential to become the standard for all crypto derivatives platforms.

In the last few years, the future of finance has been riding the decentralization wave, at speeds which would heretofore been unimaginable. In line with a fundamental rethinking of the way money works, with a focus on open-source code and permissionless networks, ApeX is a decentralized, permissionless and non-custodial platform that allows for the creation of perpetual swap (funding) markets on any token pair. Perpetual swaps are derivative contracts that allow two counterparties to conduct a margin trade, where settlement does not occur until one party terminates the contract.

The State of ApeX
It has been an eventful beginning for ApeX, having successfully launched a beta version of the protocol on the Arbitrum mainnet, completed their seed round fundraising and sold out a total of 4,580 unique NFTs to their users. With a pre-mined fixed total supply of 1 billion tokens, $APEX represents value and utilities such as governance, protocol incentives, and staking to its users.

Across crypto and beyond, the key question being asked by many is: What is more profitable in the long run - holding, or trading? In tandem with this question is another that follows - which investment is more secure, staking or NFTs? ApeX contends that there is no one-size-fits-all investment advice in today's world of DeFi - ROI depends on the platform used.

The 3 core pillars of ApeX's value proposition
The core of ApeX's protocol is to create a fully permissionless and globally accessible perpetual contract protocol. The ability to trade on the ApeX protocol without the need for an account or verification opens up the world of trading to anyone with internet access.

ApeX operates on three pillars:
Fully Permissionless
— No KYC or AML restrictions. Most DeFi platforms require some form of KYC/AML verification before users can use their services. Believing that this creates unnecessary friction for end users and goes against the ethos of a truly permissionless system, ApeX has taken a stance against having KYC/AML restrictions.

Liquidity in Perpetuity — A protocol designed as a foundation for future applications in multiple financial verticals, ApeX believes it is essential to provide an avenue for users to profit from liquidity provision without any time constraints or limitations.

ApeX Official Links:
Website: https://app.apex.exchange/trade
Twitter: https://twitter.com/OfficialApeXdex
Telegram: https://t.me/ApeXdex

read full press release: https://www.prpocket.com/2022/04/the-state-of-apex-decentralized-perpetual-swap-protocol.html
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