ApeX Pro: A Comprehensive Overview

Cryptocurrency trading has seen a significant shift in recent years, especially with the advent of decentralized exchanges (DEXs) who have are continuing to challenge the dominance of centralized exchanges (CEXs). Each of these platforms have their unique strengths and weaknesses, but the introduction of ApeX Pro has brought a new dimension to the industry. ApeX Pro is a unique platform that seamlessly combines the advantages of both CEX and DEX trading modes. This review will delve into the features, benefits, and overall performance of ApeX Pro. If you directly want to know how to open your first trade on Apex, you can go to this Apex Pro Guide on How to Open a Trade.
 

Introducing ApeX Pro

ApeX Pro is a DEX built on the ApeX Protocol, a permissionless platform launched on Arbitrum in early 2022. The platform is designed for derivatives crypto trades, specifically perpetual futures contracts. This allows traders to carry out perpetual futures trading while enjoying unique benefits such as zero gas fees, access to significant leverage, and minimal slippage.

ApeX Pro stands out for its privacy, with no Know Your Customer (KYC) requirements. It also provides enhanced security, thanks to its use of the StarkEx module — a Layer 2 secure scalability engine from StarkWare. This engine helps ApeX Pro securely verify the validity of transactions, a feature that is rare in the largely unregulated world of DeFi protocols.

 

How ApeX Pro Works and Its Key Advantages

As mentioned above, ApeX Pro relies on the StarkEx engine, which uses cryptographic proofs to validate transactions. These transactions are further processed using Validium, a technology that helps ApeX Pro achieve faster verification times and scalability without sacrificing security. This secure and highly scalable environment allows for quick and low-fee perpetual futures trading.
 

Backed by Bybit and Other Prominent Global Investors 

ApeX Pro is backed by Bybit, a top-tier exchange with over 4 million customers. This affiliation provides a greater sense of safety for users than anonymous projects. The platform is very secure and provides traders with a professional, straightforward interface and lower fees than rivals like GMX (discussed later).

 

Multi-Chain Support and High Performance

ApeX Pro supports deposits and withdrawals on four popular blockchain platforms — Arbitrum, Ethereum (ETH), Binance Chain (BNB), and Polygon (MATIC). The platform is capable of processing ten trades per second and 1,000 order placements and cancellations per second, a scale that few other DEX platforms can match.

 

Security & Privacy

ApeX Pro uses ZK-proofs generated by StarkEx to ensure that most of the transaction data is private and well-protected from any security breaches. Only balance charges are eventually made visible on Ethereum, where the final transaction data is stored. This feature, coupled with no KYC requirements, provides a fully private decentralized trading experience.

Cross Margin Trading and Leverage

ApeX Pro offers several distinct benefits to traders. The platform also supports cross-margin trading, which allows traders to transfer margins between their different accounts to meet the minimum margin requirements.

 

 

Lastly, traders on ApeX Pro can access leverage of up to 20x and enjoy zero gas fee transactions with instant settlement. The platform also offers a variety of crypto rewards for regular users through its Trade-to-Earn program.

ApeX Protocol Tokens

ApeX Pro uses two key tokens, APEX and BANA. The APEX token is used for governance and user incentivization, while BANA is used largely as a reward token. During the year-long Trade-to-Earn event, $190,000 worth of BANA tokens will be distributed to participants every week.

 

Safety of ApeX Pro

ApeX Pro is one of the safest products in the world of Decentralized Exchanges (DEXs). It combines the privacy of a decentralized system with the efficiency and protection of a well-maintained CEX. ApeX Pro's contracts have been officially audited by Secure3, and StarkWare's contracts have also undergone rigorous audits, demonstrating ApeX Pro’s commitment to being a perfectly safe DEX with which you can trust your funds.

A Closer Look at Apex Pro’s User Interface

ApeX Pro features s a user-friendly interface designed to empower traders with intuitive functionality and seamless navigation. The platform’s UI has been meticulously crafted to provide traders with a comprehensive suite of advanced tools and features for efficient and effective trading.

 

 

For example, the dashboard offers a visually appealing and customizable layout, allowing users to personalize their trading environment according to their preferences. ApeX pro provides a range of charting options that can empower traders with in-depth technical analysis capabilities. Moreover, with real-time data feeds, traders can precisely monitor market movements and therefore seize profitable opportunities.

 

The order placement process is streamlined on ApeX pro, ensuring swift execution and minimizing slippage. Traders can effortlessly manage their positions, set stop-loss and take-profit orders, and access advanced order types for enhanced risk management.

 

 

Lastly, ApeX Pro's user interface is also equipped with comprehensive account management features, enabling users to monitor portfolio performance, track transaction history, and access real-time balances. The platform prioritizes security, employing robust encryption protocols and multi-factor authentication to safeguard user data and funds.
 

Why Choose Apex Pro?

• Cross-Margin Trading: The platform supports cross-margin trading, allowing traders to transfer margins between their different accounts to meet minimum margin requirements.
• Up to 20x Leverage: Traders on ApeX Pro can access leverage of up to 20x, providing them with the potential for significant profits.
• Zero Gas Fees: ApeX Pro offers zero gas fees, making it a cost-effective option for traders.
• Minimal Slippage: The platform ensures minimal slippage, providing traders with accurate and efficient trading.
• High Scalability: ApeX Pro is highly scalable, capable of processing ten trades per second and 1,000 order placements and cancellations per second.
• Secure and Private: The platform uses ZK-proofs generated by StarkEx to ensure transaction data is private and secure.
• Multi-Chain Support: ApeX Pro supports deposits and withdrawals on four popular blockchain platforms — Arbitrum, Ethereum (ETH), Binance Chain (BNB), and Polygon (MATIC)
• Integration with Bybit: ApeX Pro has been integrated into the Bybit platform, allowing traders to enjoy the benefits of both DEXs and CEXs on a single platform.
• Ease of Availability: As of November 30, 2022, the APEX token is available via Bybit and Uniswap. Interested investors can make a purchase via Bybit’s spot market in lieu of USDT and USDC.
   

ApeX Pro Staking Program

ApeX Pro offers its clients a unique Staking Program. This program allows users to share in revenue incentives generated from ApeX Pro's platform transaction fees. To participate, users must stake ApeX Protocol's native governance token, $APEX, or its escrowed version $esAPEX in the staking pool.

 

Unique Features of ApeX Pro’s Staking Program

The Staking Program is designed to boost earnings for participants on the platform. Unlike conventional staking models that consider only the amount and duration of assets staked, ApeX Pro has expanded its staking reward calculations to include trading activity. This means that users are rewarded for their full participation in other events, such as ApeX Pro's flagship Trade-to-Earn program. The goal is to help users maximize their earnings and access revenue-sharing opportunities on a fairer scale.

Staking Reward Calculation and Benefits

There are no fixed terms or plans for the Staking Program. The more a user stakes $APEX and $esAPEX, and the longer they leave them staked in the pool, the higher the overall rewards will be. Users are free to plan and customize their portfolio strategy to their preference on ApeX Pro. The Staking Program is designed to provide zero-effort rewards regardless of trading practices and preferences.

Staking rewards are determined by three key factors — a time-keeping module, a participant's Trade-to-Earn score, and the amount of $APEX or $esAPEX staked. ApeX Pro will also host several reward-multiplying boost events that allow for the accruing of cumulative benefits with active event participation. Rewards are calculated and updated in weekly epochs for unstaking at any time, paid out in USDC, and can be used for trading fee rebates on ApeX Pro, among other uses.
 

ApeX Pro vs dYdX vs GMX: A Comparative Analysis

Decentralized exchanges (DEXs) have gained immense popularity in the crypto industry for their decentralized and permissionless nature. This section provides a comprehensive comparison of three derivatives DEXs — namely ApeX Pro, dYdX, and GMX — based on three broad measures, i.e. security and privacy, transaction/cost efficiency, and token ecosystems /reward-generating offerings.

Security & Privacy Comparison

All three DEXs prioritize privacy-preserving measures, where traders have self-custody of their funds. dYdX and ApeX Pro integrate StarkWare’s Layer 2 scalability engine StarkEx to facilitate forced requests for retrieving funds even when the DEX is not in service. dYdX has implemented KYC in a previous campaign, while GMX relies on the safety provisions of Arbitrum and Avalanche. ApeX Pro is still working on creating a community-dedicated space for governance and discussions.

Transaction Cost & Efficiency

ApeX Pro and dYdX utilize an interface that removes the barrier to entry for traditional and aspiring traders to step into DeFi. ApeX Pro uses Last Traded Price, while dYdX uses Mid-Market Price. With StarkWare’s integration, ApeX Pro processes approximately ten trades and 1,000 order placements per second at no gas fees, together with low maker and taker fees. dYdX offers comprehensive tiered fees catered to different traders’ trading sizes without gas fees. GMX charges network execution fees, and gas fees paid by the trader may vary based on market factors.

Tokens & Rewards

All DEXs offer revenue-sharing programs for community members and token holders. dYdX distributes rewards based on trading volume and also offers staking rewards. GMX uses escrowed tokens in its staking program to stabilize and sustain reward token value. ApeX Pro enriches its token ecosystem with escrowed and liquidity tokens, which allows for more dynamism in maximizing token value and sustaining long-term token use cases for the community than using a single token for all DEX initiatives.

 

 

With a total supply of 1,000,000,000 $APEX, ApeX Pro mints 25,000,000 $APEX to create $BANA, which traders can swap for tangible incentives in USDC and redeem $APEX tokens. Traders can also add liquidity to a $BANA-USDC Pool in exchange for LP Tokens and exchange them for more $BANA. ApeX Pro maintains the stability of $BANA’s value with a Buy & Burn Pool, distributing $190,000 worth of $BANA weekly for a year.

 

In conclusion, as DEXs find their footing in a world dominated by CEXs, traders can choose DEXs based on their preferred benefits. ApeX Pro, with its growth within its first week of mainnet launch and an ecosystem that combines the best features of existing DEXs, is one to watch out for in 2023 and beyond.
 

Conclusion

ApeX Pro is a unique platform that combines the best features of DEXs and CEXs. It offers a privacy-preserving, permissionless, and highly secure trading environment. Add its great scalability and zero gas transactions, and you’ll be hard-pressed to find a better-decentralized platform for crypto perpetual contracts aficionados.

In conclusion, ApeX Pro is a game-changer in the world of cryptocurrency trading. It offers a unique blend of the best features of both centralized and decentralized exchanges, providing a platform that is secure, private, and user-friendly. Whether you are a seasoned trader or a newcomer to the crypto world, ApeX Pro offers a comprehensive trading experience that is set to revolutionize the industry. With its innovative features and robust security measures, ApeX Pro is undoubtedly a platform worth considering for your crypto trading needs.