ApeX Pro: Order book launches protocol for a Web3 social trading era

ApeX Protocol, a decentralized, permissionless and non-custodial network, first opened the gateways of inclusive access to the crypto perpetual swaps market in February 2022.
Cointelegraph
Posted by Cointelegraph August 18, 2022 3 Mins Read
ApeX Protocol, a decentralized, permissionless and non-custodial network, first opened the gateways of inclusive access to the crypto perpetual swaps market in February 2022.

Saint Vincent and the Grenadines, Aug 17, 2022 — ApeX Protocol, a decentralized, permissionless and non-custodial network, first opened the gateways of inclusive access to the crypto perpetual swaps market in February 2022. Designed to provide solutions to flaws in existing decentralized exchanges (DEXs) such as high gas fees and poor order execution, the ApeX Protocol is firmly anchored in realizing the Web3 vision — shaping a free and open ecosystem for all users to grow their wealth in a safe and trusted environment, where they can participate within an interconnected meta-community.

ApeX Pro, a layer-2 (L2) trading platform built on the ApeX Protocol, has integrated zero-knowledge Rollup (zk-Rollup) infrastructure, bringing an upgrade that will help establish a Web3 social trading platform. ApeX Pro is leveraging first on the rollout of a new order book feature to co-exist with the current elastic automated market maker (eAMM) model.

From ApeX eAMM to ApeX Pro

The ApeX Protocol ecosystem has grown significantly since its inception on the Arbitrum chain in the first quarter of 2022. The benefits of the eAMM model, where trading pairs are set up with a single asset provision and orders are automatically executed based on smart contracts, have been extensively proven in a decentralized environment.

Similarly, the ApeX Protocol has succeeded in upholding a fully permissionless platform with no need for Know Your Customer restrictions or intermediaries in trades. Traders can also enjoy full spectrum asset support and liquidity in perpetuity on the perpetual swaps markets for any token pair.

ApeX Protocol is committed to further bridging the gap between derivatives traders and Web3 innovations with upcoming upgrades. An integrated and open social trading platform marks its next stop, beginning with an optimized order book offering on the brand new ApeX Pro.

A synchronized solution with StarkEx

ApeX Pro will offer its flagship cross-margined perpetual swaps trading platform to users with an upgrade by integrating the best of order book architecture on top of the protocol’s existing framework.

The addition of the order book interface helps to:

  • Enhance capital efficiency for users who intend to invest or trade with fewer funds but are still looking for high liquidity provisions.
  • Increase flexibility in orders with advanced charting functions, plus visible asks and bids that will help users take more informed trading actions.
  • Accelerate the growth of the ApeX meta-community, as the order book interface bridges the gap between users who are used to utilizing order books for trades and a new realm of trading opportunities offered by the world of decentralized finance (DeFi). 
  • Provide higher trading performance with enhanced market exposure, with leverage and other trading features.
  • Support multichain deposits and withdrawals for Ethereum Virtual Machine-compatible chains.

With the help of StarkWare’s L2 scalability engine (StarkEx), ApeX Pro is able to uphold the promise of decentralized and efficient trading by offering users an optimal combination of security and transparency one would usually see in a DEX and the speed and usability users are used to seeing on centralized exchanges. 

Leveraging StarkEx’s use of cryptographic proofs in validating transactions and also Validium to boost transaction scalability, ApeX Pro is poised to provide faster transaction processing speeds and some of the lowest gas fees across the DeFi sphere. Engineered for higher liquidity and greater network interoperability, users can access non-custodial trading with Ether (ETH) and any ERC-20 tokens.

What lies ahead

In a rapidly morphing crypto landscape where milestone innovations frequently come into play, ApeX Protocol is charting the course for decentralization to match the needs of individual users — all by kickstarting a new era of Web3 social trading.

Combined with powerful matching engine capabilities, ApeX Pro aims to help traders tokenize data income and realize influence.

Over the coming months, ApeX Pro will launch greater feature and service add-ons so users can be a part of ApeX Protocol’s ecosystem:

  • Creation of decentralized identifications: Get access to a customizable, personal trading dashboard.

  • New tokens and perks: Soulbound tokens and participation rewards will be made available to users who engage in the ApeX Protocol ecosystem.

  • The ApeX decentralized autonomous organization: ApeX is working toward building a DEX infrastructure, where ownership of the platform is eventually conferred upon its users.

The roadmap is designed to be accessible by open markets, as ApeX Pro continues to foster community-led development and establish sustainable growth practices that can support the protocol in perpetuity.

About ApeX Pro

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