Congratulations, ApeXers! We've successfully concluded the 1st epoch of Trade-to-Earn Round 2, with 384,615,384.615 $BANANA rewards distributed to our traders, worth $830,769.23, as of February 8, 2024.
A huge shoutout to each of you for being part of this exhilarating journey! If you're just joining us, we still have 50 more weeks of T2E ahead, so buckle up — it's time to let your trades earn you additional rewards! 🚀
Quick Recap
For those of you who are just getting started, here's a quick refresher: On January 22, 2024, we rolled out the second iteration of Trade-to-Earn — T2E Round 2. All you need to do is trade any USDT contracts to start earning rewards in $BANANA. The $BANANA token is minted with a total of 10,000,000 $APEX locked over a period of 12 months at an initial redeem rate of 0.001, and is distributed bi-weekly to the event participants.
Check out a Top Gainer
Just a reminder: the more you trade, the more you earn! A lot of ApeXers got high rewards this epoch, including the ApeXer writing this blog:
Become an LP, Maximize Your Rewards
Once you've collected your $BANANA, there are a few things you can do.
Provide Liquidity for Boosted Earnings: If you're looking to boost your future rewards, consider providing liquidity in the BANANA-USDT pool.
After adding your tokens to the pool, you will receive Liquidity Provider (LP) tokens. The more LP tokens you hold, the more stacked rewards in $BANANA you receive in the following epochs!
Maximize your rewards with this simple strategy!
Swap or Redeem
Alternatively, you have the option to swap or hold and redeem your $BANANA tokens:
Swap: Exchange your $BANANA for USDT through the $BANANA-USDT pool at any time during the T2E Round 2 event duration.
Hold and Redeem: Hold onto your $BANANA rewards for the long term and utilize them to redeem $APEX governance tokens pro-rata after the T2E event ends, at the conclusion of the 52-week period.
Road Ahead
As we conclude the 1st epoch of Trade-to-Earn Round 2, we're excited to unveil that 11 additional USDT perpetual contracts are set to debut on ApeX Pro soon! This expansion opens up more avenues for you to accumulate $BANANA. As we expand our offerings, we're eager to hear from you—what USDT contracts would you like to see listed? Your feedback is invaluable in shaping our offerings to better align with your trading needs and preferences. Share your suggestions via Discord.