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ApeX Protocol unveils tokenomics initiative to increase market positioning

Press Releases
ApeX Protocol unveils tokenomics initiative to increase market positioning

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Saint Vincent, the Grenadines, Jan. 30, 2024, Chainwire

ApeX Protocol, a decentralized exchange (DEX), has announced new initiatives to strengthen its position in decentralized finance (defi).

ApeX Protocol unveils tokenomics initiative to increase market positioning - 1

These measures aim to improve the project’s standing and enhance the value of its native token, APEX. The recent surge in APEX demonstrates growing demand and confidence in the protocol.

The team is now implementing further improvements to its tokenomics.

APEX total supply reduction

ApeX Protocol plans to reduce its total supply by 50%, from 1,000,000,000 to 500,000,000 APEX.

The first burn event, which took place on Jan 18, reduced the total supply to 850,000,000 APEX.

Consecutive token burns are planned for the first month of the following quarter.

Liquidity pools and LP incentives

In addition to reducing the supply of APEX, ApeX is launching APEX-ETH liquidity pools on decentralized exchanges (DEXs).

These pools will offer liquidity providers the opportunity to participate in ApeX revenue sharing and earn real yields.

By partnering with leading DEXs on various chains, such as Camelot on Arbitrum and AGNI on Mantle, ApeX is strategically expanding its reach and offering tailored incentive programs and revenue-sharing opportunities to diverse communities on each chain.

This approach aims to ensure fair distribution, active contribution to ApeX’s growth, and expansion of its ecosystem.

In addition to ApeX revenues, liquidity providers will also receive additional joint rewards in the native tokens of both the hosting DEX projects and ApeX itself.

Staking program upgrade

The ApeX Staking Program will be modified to better reward loyal participants.

The program currently supports APEX and esAPEX tokens, enabling users to generate passive income through revenue sharing. With no lock-in periods, users can stake or unstake their tokens at any time.

Additionally, real yield is distributed in USDC on a weekly basis, and a dynamic reward calculation mechanism factors in not only the amount staked but also trading activity on ApeX Pro.

The program aims to provide a fair and rewarding passive income opportunity.

To enhance the current pool structure, ApeX is introducing a lock-in feature.

This feature allows users to lock their token holdings in respective pools for extended periods, resulting in increased earnings.

Users who commit to the ApeX ecosystem will receive enhanced revenue shares.

Road ahead

Tekla I, the head of business development at ApeX Protocol, said:

“These strategic initiatives mark a significant step forward for ApeX Protocol. We are dedicated to creating value for our community, and these enhancements reflect our commitment to delivering a robust and sustainable defi ecosystem.”

About ApeX

ApeX is a permissionless and non-custodial derivatives decentralized exchange, powered by StarkWare’s layer-2 scalability engine StarkEx, delivering USDC and USDT cross-margined perpetual contracts with over 30 trading pairs and up to 50x leverage.

It is primed to provide permissionless access to the perpetual swaps market with its order book model, as it remains committed to the promises of speed, efficiency, and security with transparency on traders’ preferred derivatives trading assets. 

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