ApeX Review: Non-Custodial Non-KYC, Permissionless Trading

ApeX is a permissionless, non-custodial, and non-KYC platform that offers permissionless cross-margined perpetual contracts to its community under a new social trading framework. It is designed to deliver limitless access to the perpetual swap market with its unique order book model, enabling speed, efficiency, security, and transparency on trades.

ApeX at a Glance

What Is ApeX Pro All About?

The project is led by a core team with extensive experience in the crypto and blockchain space, dating back to 2015. The team’s deep involvement in the industry positions ApeX Pro well to drive this initiative forward.

The team’s expertise spans various areas, each contributing expertise in crucial areas. From crafting user-friendly products, carefully developing sound smart contracts, building meaningful tokenomics models, generating effective marketing strategies, ensuring seamless user experience, and leveraging data to interpret market trends and dynamics, to forging valuable partnerships.

Today, as traders continuously seek innovative methods to further build their wealth, there are many trading opportunities in both the trading finance and the cryptocurrency markets.

In the case of cryptocurrency, a centralized exchange (CEX) would own a trader’s private keys and digital assets, making them meet situations such as bank runs, or the removal of withdrawal and trading services for an asset. It can be seen that the lack of full ownership and open access threatens the sustainability of wealth preservation and growth for traders.

Decentralized Trading Solution

ApeX Pro is built on the decentralized and permissionless ApeX Protocol, making it an alternative to ApeX eAMM (elastic Automated Market Maker). On ApeX eAMM, traders are enabled to access a fully permissionless derivatives trading experience where they can provide liquidity on any tokens while maintaining control of their private keys.

Not only that, as the creation of ApeX Pro aims to address the shortcomings of existing DEXs, it was also developed to solve issues, which are common in the decentralized finance (DeFi) space such as high gas fees, poor order execution, or a lack of user-friendly UI.

To build intuitive and transparent financial instruments for crypto derivatives traders of any background as well as create an ecosystem that will allow more traders to enter the world of DeFi with ease and smoothly, its order book model with StarkWare’s Layer 2 scalability engine StarkEx, is said to provide higher performing trades and an enhanced experience users are familiar with.

In addition, being a Web3 social trading platform, ApeX Pro can offer traders accelerated trading performance and deep liquidity, while preserving privacy and security in the decentralized space.

This also can benefit not only more experienced traders with more avenues of passive income but also less experienced traders as they can observe and replicate the behavior, signals, and strategies of other traders.

Tokenomics

APEX is ApeX Protocol’s native governance token. Holding the token is to vote on protocol governance proposals. Users can earn APEX tokens through participation rewards and liquidity mining on the ApeX protocol, or stake APEX tokens to earn more rewards in APEX.

What ApeX Pro Offers

ApeX Pro Exchange

The ApeX Pro Exchange powered by StarkWare’s Layer 2 operates on an order book model and delivers cross-margined perpetual contracts. ApeX Pro is using StarkEx’s proofs and Validium to securely validate transaction batches. As said, it is designed to offer users a seamless and secure trading experience for a wide range of crypto assets, leveraging robust infrastructure that emphasizes user privacy and security.

In addition, it supports multiple blockchains, offers low fees, allows up to 30x leverage, and enables instant settlement. Currently, ApeX supports multiple chains, including Ethereum, Arbitrum, Avalanche, Binance Smart Chain (BNB), Polygon, and Optimism. Therefore, this allows users to deposit funds from any of these supported chains and withdraw to any of them, offering flexibility and interoperability.

Furthermore, ApeX has integrated with 11 wallets, including popular options like MetaMask, Trust Wallet, Wallet Connect, Bybit Wallet, and OKX Wallet. These integrations enable its users to easily deposit funds from their preferred wallets into ApeX Pro, enhancing accessibility and user experience.

The latest wallet integration is with Particle Wallet — a multi-party computation (MPC) wallet. This partnership allows users to register for an account on ApeX Pro using various social media platforms such as Twitter, Facebook, Discord, Google, Apple Pay, and email. The integration with Particle Wallet expands the onboarding options for users, making it more convenient to join the ApeX ecosystem.

The partnership with automated trading platforms such as Astrabit also helps ApeXers to leverage algorithms and mathematical models through trading bots that analyze market data, identify trading opportunities, and execute trades based on pre-set rules and parameters. Integrating with automated trading platforms enhances trading efficiency and accessibility for users.

Another cooperation is with Stork, a provider of STARK and EVM-chain-compatible Oracle network services. Under this partnership, traders gain access to price data on all available assets on ApeX Pro with pinpoint accuracy. Stork’s decentralized publisher’s network and off-chain high-frequency oracle contribute to reliable and up-to-date price information.

Some of the most significant concerns when mentioning the cryptocurrency space are wash trading and Sybil attacks that are suspected in the industry.

To combat these forms of fraud, ApeX Pro has partnered with x-explore, a crypto market research and analytics platform to detect wash trading and Sybil attacks on ApeX Pro, ensuring the accuracy and integrity of trades on the platform. This collaboration can help ApeX Pro enhance its security provisions and safeguard trading activities for its users.

Staking Program

The ApeX Pro Staking Program enables users to partake in revenue sharing, earning real yield rewards every week in the form of USDC. To participate, users will need to stake their $APEX and $esAPEX tokens in the designated pools, granting them a share in the protocol’s revenue through platform-wide trading fee rebates.

Three key factors are to optimize incentives from the revenue sharing program, including the quantity of $APEX/$esAPEX staked, the duration and timing of staking $APEX/$esAPEX, and the user’s overall trading activity on ApeX Pro.

Smart Liquidity Pool (SLP)

SLP empowers subscribers to accumulate profits with a favorable return-to-risk ratio, with a minimum deposit threshold of 100 USDC. SLP represents the pioneer market-making liquidity pool on a decentralized order book DEX, designed to democratize market-making and render it accessible to all, thereby leveling the playing field for retail users.

The ApeX Pro Advantage over CEXs and DEXs

As a decentralized trading network, the platform embraces the power of transparency, verifies trades, and tracks transactions via blockchain technology.

Also, it delivers a space where users can take control of their finances & retain full control over assets throughout the trading process without identity verification needed. Trade without barriers, freely without any gatekeepers, from anywhere in the world.

When compared with other DEXs, ApeX Pro with its familiar order book interface can give users a seamless transition to decentralized trading.

Not only that, in addition to ApeX Staking and Trade to Earn programs, users can maximize returns and enjoy the benefits of cost-effective trading on ApeX Pro with 0.02% for makers and 0.05% for takers. The platform also can ensure high transaction speeds, allowing for up to 10 trades and 1,000 order placements/cancellations per second.

Through the integration of zk-proofs and Validium, your trades are shielded from prying eyes while ensuring the highest level of security.

Conclusion

ApeX Pro is the Web 3.0 platform that is creating a free and open ecosystem where users can grow their wealth in a safe and trusted environment by providing users with the means to manage, protect, and leverage their wealth transparently and fairly.