ApeXers, we're thrilled to announce the latest updates our team has introduced this week to improve your DeFi experience on ApeX!
Let's dive in for all the details.
ApeX Lunar Dragon Chase — 100,000 USDC Prize Pool Up For Grabs!
The ApeX Lunar Dragon Chase you've all been waiting for is now LIVE!
ICYMI, each trade you make on ApeX brings you closer to minting a Dragon Ball NFT and sharing a slice of the grand prize pool of up to 100,000 USDC. So trade to mint all 7 unique Dragon Ball NFTs, create an ApeX Wood Dragon and lay claim on the prize pool. So far, we've had 746 participants, 4691 Dragon Ball NFTs minted and 35 ApeX Wood Dragons fused. So, what are you waiting for?
Join the quest to get in on all the fun from now till Feb 26, 2024.
Migration to Camelot
We've partnered up with Camelot, in a strategic initiative to bootstrap liquidity pools on top-tier DEXs across various chains. With this move, we aim to enhance our revenue-sharing program on ApeX and provide more opportunities for our token holders to diversify their earnings through stacked rewards incentives. We've migrated from Camelot to Uniswap because of their AMM Vaults with innovative features to help enhance capital efficiency and performance. In addition, their incentive system allows users to accumulate stacked incentives, thereby amplifying their overall rewards earned.
The APEX-ETH V3 automated on Camelot is coming soon and providing liquidity earns you swap fees & extra rewards in $ARB and $GRAIL. Add liquidity to the APEX-ETH vault here.
Keep a look out for more such collaborations in the future on other top-tier DEXs across various chains as we aim to unlock additional avenues of passive income for you.
*Please note that we've migrated liquidity pools on from Uniswap to Camelot. Due to this migration, there is no liquidity available on Uniswap's APEX-ETH pool, so users are advised not to trade there.
Discontinuation of Particle Wallet on ApeX
Based on valuable feedback from our community and in an effort to streamline our user experience, we have made the decision to discontinue support for Particle Wallet effective March 22, 2024 on our mobile apps and May 1, 2024 on web. Key issues include high transaction fees on the Ethereum network, with only selective gas-free services available on other networks, leading to unexpected costs for users.
Additionally, the Authenticated Anonymous (AA) scheme has shown to lack clear guidance for users during signature processes, contributing to a less than optimal user experience. Despite the intention of offering a completely gas-free experience, users have encountered handling fees when transferring funds from AA wallets.
We have also noted user confusion over login methods, increased configuration costs due to Biconomy backend changes, lack of support for Sepolia networks restricting testing capabilities, and difficulties running on iOS emulators. The limited support for blockchain networks by AA wallets, coupled with unclear transaction prompts and raw data displays, has further complicated the user experience. These combined factors contribute to the strategic decision to discontinue Particle Wallet's integration with ApeX, aiming to streamline operations and improve overall user satisfaction.
As of February 8, 10AM UTC, we will no longer be able to onboard new users via Particle Wallet. However, for those currently using Particle Wallet on ApeX, please be assured that there will be no changes to your withdrawals, deposits, or trades till March 7th. We strongly urge you to transition to one of our supported Wallets before the specified deadline to continue enjoying a seamless trading experience.
In the midst of these changes, we wish to acknowledge the contributions and express our gratitude to the Particle Wallet team for their hard work and dedication. We hold great respect for the innovation and solutions provided by Particle Wallet and are open to revisiting the possibility of extending support for Particle Wallet in the future, once the concerns listed above are resolved. Our priority remains with our users and ensuring they receive the best possible service and experience.
Thank you for your understanding and continued support as we make these changes.
Eleven New USDT Perpetual Contracts Added
We're kicking off February with a bang as we're introducing 11 new USDT listings to our trading platform!
We've already listed SEI-USDT, MANTA-USDT,1000BONK-USDT and INJ-USDT, at 25x leverage.
At the same leverage, we're also bringing you 1000SATS-USDT, PENDLE-USDT, RNDR-USDT and GMT-USDT.
In addition to our 30 trading pairs, these additions reinforce our commitment to providing a diverse and dynamic trading environment for ApeXers.
Thank you for your support ApeXers!
If you have any questions or would like to share suggestions, please don't hesitate to contact us through our ApeX Discord channel or use this form to submit your feedback.
Happy trading!