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APX Finance

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Category: Derivatives
TVL: $73M

Description

APX Finance is a decentralized perpetual futures trading platform. The V1 order book model uses off-chain trade matching with on-chain fund settlement and custody, accepting ERC-20 and BEP-20 collateral, across BNB Chain, Ethereum, Arbitrum, zkSync Era, Base, and Manta. The V2 on-chain model executes all transactions on-chain via the ALP liquidity pool, which acts as the direct counterparty to traders, with pricing from a dual-oracle system using Binance Oracle and Chainlink, on BNB Chain, Arbitrum, opBNB, and Base. No registration or asset deposits are required for V2 trading. Users can provide liquidity by minting ALP tokens to earn protocol fees, or lock APX tokens in APX DAO to receive voting rights and staking rewards.