APX Finance, also known as ApolloX, is a decentralized exchange (DEX) that primarily focuses on crypto derivatives, offering both order books and on-chain perpetuals, allowing traders and stakeholder access to a wide range of options on the blockchain, particularly on the BNB Chain network; its native token is APX. Its primary role is facilitating trading cryptocurrency derivatives, such as perpetual contracts, potentially giving customers leverage to increase their profits. The token linked with APX Finance is known as “APX.”

What is APX Finance?

APX Finance (ApolloX Finance) is a decentralized derivative crypto trading platform designed to make cryptocurrency trading accessible, secure, and user-friendly. The trading platform is available on all major chains like BNB Chain, Ethereum, Arbitrum, zkSync Era, Base, and Manta Network. Offering both order book and on-chain perpetuals trading. The order book model uses an off-chain transaction matching, on-chain fund settlement, and custody system. The second is a pool-to-peer liquidity model that supports fully on-chain perpetual contracts, utilizing the services of two price oracles. The platform uses dual product features (V1 order book perp and V2 on-chain perp) that offer up to 1001x leverage, zero slippage, and competitive fees, appealing to traders and liquidity providers.

APX V1 Order Book Perp uses an “off-chain transaction matching + on-chain fund settlement and custody” architecture to deliver high transaction performance and fast reaction times while maintaining the safety of users’ assets. APX Finance allows traders to trade over 95 markets with up to 100x leverage and pay competitive fees of 0.02% maker and 0.07% taker. APX V2 On-Chain Perp achieves more transparent trades using a fully on-chain liquidity model with less slippage. The ALP pool provides liquidity for all V2 trading pairings, maximizing capital efficiency. V2 adopts a dual-oracle model that includes Binance Oracle and Chainlink to get the most accurate pricing. With APX Finance, users can enjoy tight spreads and deep liquidity for V1’s order book, benefit from 0.01% slippage for V2 classic mode and zero slippage for Degen Mode, benefit from minimal trading fees for more profits, and enjoy low-cost trading with V2 trading rewards. Users can stake ALP to earn platform fees and staking rewards, such as $APX in DAO, to receive more $APX.

Background of APX Finance

ApolloX Finance was launched in 2021 and rebranded as APX Finance in 2023. It was founded by an anonymous founder, popularly referred to as ‘Captain,’ and with a team of eight employees, its headquarters is situated in Antigua, Antigua and Barbuda. It is backed by credible VCs and institutions to shape decentralized derivatives trading, such as Binance Lab, 3Commas, Kronos Research, LUX Capital, SafePal, LIF, and TP.

Key Features of APX Finance

• Dual Product: Choose between the V1 order book perp or the V2 on-chain perp and trade the widest selection in the market.
• High Leverage: Trade with up to 250x leverage for classic perps and up to 1001x leverage under Degen Mode.
• Minimal Slippage: Enjoy tight spreads and deep liquidity for V1’s order book. Reap the benefits of 0.01% slippage for V2 classic mode and zero slippage for Degen mode.
• Reduced Fees: Benefit from minimal trading fees for more profits. Enjoy low-cost trading with V2 trading rewards.
• Earn Yield: Stake ALP to earn platform fees and staking rewards. Stake $APX in DAO to get more $APX.
• Trustless environment: No third-party intermediary. No need for sign-up. Simply connect your DeFi wallet and start trading. Audit reports from Certik, Salus Security, and PeckShield.
• Multichain ecosystem: V1 supports BNB Chain, Ethereum, Arbitrum, ZkSync Era, and Base. V2 supports BNB Chain and Arbitrum. More supported chains are on the way.

APX Finance App

The APX Finance app uses two varying perpetual trading models, APX V1 (order book perpetual) and APX V2 (on-chain perp).

APX V1

V1 is an order book perpetual model for crypto and pre-market launch that supports off-chain transaction matching with on-chain fund settlement and custody. It uses the order book to show current open orders for asks and bids, as well as prices and available amounts. It offers up to 100x leverage and over 95 markets with fees of 0.02% maker and 0.07% taker. APX V1 also charges a funding fee every 8 hours, which is transferred between traders. APX V1 is compatible with several blockchains, including BNB Smart Chain, Ethereum, Arbitrum One, ZKsync Era, Manta, and Base.

How to Trade on APX V1?

• Connect any supported wallet to start trading, but make sure the wallet network is on BSC (users can shift to other chains after adding BSC).
• Go to deposit and select any available assets, typically BNB, USDT, USDC, CAKE or APX.
• Now on the home page, select trading pairs and then amount and leverage.

APX V2

Unlike V1, APX V2 is an on-chain perpetual model providing trading services for crypto and select Forex pairs. This model operates fully on-chain perpetual trading and utilizes the combination of Binance Oracle and Chainlink Oracle to obtain price feeds, compare, and aggregate the most accurate prices in real-time. Users on APX V2 can trade pairs without necessarily registering or depositing funds on the platform with minimal slippage, making V2 more transparent than APX V1.

V2 Features

• Trade with high leverage for more buying power. It gives up to 250x leverage for crypto perps, 200x leverage for forex perps, and 1001x leverage for BTCUSD and ETHUSD.
• Real-time prices from both Binance Oracle and Chainlink help avoid abnormal price behavior.
• More transparent and asset control than any Dex.
• High capital efficiency so users can open bigger position sizes.

Degen Trading Mode

This is a high-volatility, high-leverage, and low-fee perpetual trading model. This mode allows users to trade with ultra-high leverage above 250x, enabling them to control significantly larger positions with minimal capital. Degen trading mode is currently available for BTCUSD, supporting maximum leverage of 1001x for long and short market orders. Traders must input the principal (collateral amount) before opening a position. There is zero slippage for BTCUSD.

ALP Liquidity Pool

ALP (ApolloX Liquidity Pool) is a specified multi-asset pool that provides liquidity for perpetual trading. The pool supports a variety of assets, including stablecoins (e.g., USDT, USDC) and major cryptocurrencies (e.g., BTC, ETH). Liquidity providers can deposit supported assets into the ALP pool. In return, they receive ALP tokens, representing their share of the pool and allowing them to earn a portion of the trading fees generated by the pools. Aside from trading fees, liquidity providers can benefit from staking APY by staking their ALP tokens. LPs can mint or redeem ALP tokens at any time (but after 48 hours from the time of buying), providing liquidity for assets in the pool.

How to buy ALP?

• Click to access the APX LP Dashboard page and connect your wallet
• Check that you are on the correct network.
• After connecting your wallet, click [Buy ALP]. You can use any ALP pool asset to buy ALP.
• After confirming the information, click [Buy ALP] to complete the transaction.
• Users cannot sell ALP in the first 48 hours after buying.

Permissionless DEX Engine

Using the permissionless Dex engine, any business or developer can build their own decentralized derivatives trading service. It does not require setup permission from APX Finance, and partners can launch their platform swiftly and easily. Developers must submit the form with the required information to receive a broker ID. After that, with the Broker ID in hand, the developer can deploy the SDK to successfully create a perpetual exchange.

• Permissionless: Deploy perpetual exchanges seamlessly in just a few steps, with no permission required from APX Finance.
• Revenue Generation Opportunities: Developers can generate revenue through trading fees and other platform-based incentives. There is a 10% sharing rate on both the BSC and Arbitrum chains.
• Enhanced Customization: Control over UI/UX, branding, and feature configurations to create a unique exchange.
• Seamless Liquidity Access: Integrated with APX’s liquidity pools, ensuring deep liquidity for smooth trading operations.
• Global Accessibility: Being decentralized, the solution offers borderless access, enabling businesses to tap into a global user base.
• Reduced Development Costs: Eliminates the need to build a DEX from scratch, significantly lowering time and resource investments.

APX DAO

APX governance involves multiple processes, requiring users to lock APX tokens to gain voting power. Upon locking, users receive veNFTs (vote-escrow NFTs), which are non-transferable and represent the locked token value, and its power linearly depreciates with time. The users can choose a total APX token locking period of 180 days, 1 year, 2 years, or 4 years, and after locking, it cannot be undone. In case users want to unlock before the locking period, they will have to pay a minimum 30% (maximum 50%) penalty fee of the amount.

When users lock (stake) their APX token in DAO, they receive a staking reward and repurchase reward with some trading fee discount. The APX platform allocates a certain amount of APX tokens from the community treasury to inject into the DAO reward pool every cycle (7 days) as a reward for all veNFT holders. The amount is accumulated over the cycle and calculated based on power weightage.

What is the APX token?

APX is a native utility token of APX Finance available on the BNB Chain with a total supply of 10 billion APX. The APX token has various primary roles on the platform, such as paying trading fees in V1, earning APX as trading rewards in V2, staking APX in APX DAO to earn staking rewards, boosting trading rewards, obtaining voting power for DAO governance, and earning APX as ALP staking rewards in V2. To make tokens more user-centric, APX Finance has distributed tokens in various sectors.

APX Audit

It has been audited three times in 2023 by Certik, PeckShield, and Salus Security. These audits evaluated the platform’s smart contracts and overall security architecture, confirming its adherence to standards and best practices. After analyzing all three, Certik found 30, PeckShield found 6, and Salus Security found 17 vulnerabilities.

Conclusion

APX is the leading decentralized exchange for cryptocurrency derivatives on significant blockchains such as the BNB Chain and Arbitrum. APX provides an unmatched potential for traders and stakeholders by offering order books and on-chain perpetuals. APX Finance allows users to trade with up to 1001x leverage, no slippage, and low costs, increasing liquidity provider (LP) returns with the most significant yield among perpetual trading platforms featuring majority stablecoin LP pools.