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Familiar with decentralized exchanges (DEXs) like PancakeSwap and Uniswap? While they're widely used and trusted by most members in the DeFi community, these DEXs can suffer from high gas fees and poor order execution. This is because these automated market makers (AMM) lack interoperability and fail to leverage data among one another. The end result is impermanent loss – an unavoidable problem in the AMM scene.
Fortunately, ambitious projects like ApeX Protocol evolve upon existing liquidity models by adding the aspect of elasticity. This Elastic Automated Market Maker (eAMM) approach offers a whole new trading experience as capital efficiency is significantly improved and each transaction feels like a spot trade. Keen on finding out more about ApeX Protocol and the $APEX tokens that are native to it? Read on as we cover the ins-and-outs of ApeX Protocol and why it stands out from other up and coming decentralized trading platforms. We’ll also run through how $APEX tokens present a solid opportunity for speculative investors to get in early on the potential of ApeX Protocol.
ApeX Protocol is a decentralized and noncustodial derivatives protocol that facilitates the creation of perpetual swap markets for any token pair. Users can trade crypto derivatives directly on the Ethereum blockchain without any intermediaries while enjoying unlimited flexibility. This is because users can create markets on any underlying asset while maintaining control of their private keys.
ApeX protocol is a project incubated by Davion Labs. Since launching on the Arbitrum mainnet on February 28, 2022, ApeX Protocol has garnered a huge amount of attention. With the overarching goal of making financial instruments like perpetual contracts more transparent to the average investor, ApeX Protocol addresses the noticeable gap in the crypto derivatives market. It’s no wonder big names like Dragonfly Capital Partners and Tiger Global have entered during the seed round funding and are backing this DeFi project.