APX Finance
Perpetual DEX for orderbook and on-chain leveraged trading, on Base and major leading blockchains
About
The problem it solves APX Finance enriches the sparse derivatives ecosystem on Base with our V1 orderbook perpetuals and V2 on-chain perpetuals. Both versions were deployed on Base in late 2023. We provide traders and stakers with diverse derivatives products and more earning opportunities. V1 offers crypto and memecoin perpetuals with up to 100x leverage and up to 25x leverage, respectively. Now traders can also access pre-launch markets for popular tokens that have yet to launch i.e. $EIGEN, $ZK, $IO, allowing for speculation and price discovery. V2 caters to the Degens on Base, offering up to 1001x leverage for BTC perp (highest in the market) and up to 250x leverage for ETH perp. They can also trade Dumb Mode, a forecast product specifically designed to predict the minute-by-minute fluctuations of an underlying asset's value. V2 liquidity is supplied by the ALP pool on Base, which rewards LPs with 50% of platform trading income for minting ALP. ALP currently consists of >70% USDbC and the remaining in ETH.
How it's made
Challenges we ran into We deployed APX on Base only after sufficient risk assessments and market research. Hence, the challenges were limited to the technical i.e. deploying a new ALP liquidity pool on Base and determining its composition.