ApeX is a decentralized and non-custodial derivatives protocol on Arbitrum that facilitates the creation of perpetual swap markets. Key features of the ApeX Protocol include:
- Permissionless cryptocurrency perpetual contract trading with leverage
- Elastic Automated Market Maker (eAMM)
- Protocol Controlled Value (PCV)
$APEX is the native token of ApeX Protocol, it will serve the following utilities:
- Governance: Token holders are entitled to submit and vote on protocol governance proposals.
- Protocol Incentivization: Users can earn APEX tokens through participation rewards and liquidity mining on the ApeX protocol.
- Staking: Users can stake APEX tokens to earn rewards in APEX tokens.