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    6 Reasons Why the Future of Finance Lies With a Trustless DEX

    Nov 07, 2022

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    The challenge with CeFi and CEXs boils down to a lack of trust and security. This is continually reinforced time and again; this year is clearly no different with funds, exchanges and even established projects hitting the buffers and leaving behind affected, concerned investors and traders fearing for their assets. News of increased risk with CEXs coming into questions of insolvency and possible delays in withdrawals, causing widespread panic amongst traders, as recent as the day this article was published, is proof of that.

    It is no question that decentralization must be the way to go, but unlike common arguments that already exist on the subject, the CEX-DEX divide may not be as clean-cut as it seems. 

    For decentralized crypto exchanges in particular, we are well on the way to fully permissionless trading ecosystems meant to expand accessibility, inclusively and financial freedom for all. With no centralized operator privy to your personal information and trading activities or having any control over your deposited funds, individual traders will never need to worry about exposure to unforeseen circumstances resulting in loss of access to funds, or trading service disruptions. 

    This doesn't mean that decentralized systems as they exist currently are free from inefficiencies. As trading functions are overseen by protocols and smart contracts, troubleshooting may be an issue for traders. For example, if they make a mistake in transfers or withdrawals, most transactions cannot be reversed or stopped. Secondly, prices and the exchange of assets are typically automated, so traders may not get full customizability with their orders. And perhaps most importantly, smart contract flaws have been known to lead to bugs and exploits. One wrong move and the consequences are often painful, permanent and expensive.

    Despite the shortcomings of existing DEXs, however, there is so much more potential for improvement. We are way past having to persuade others into taking on decentralization, and what we need now is greater DeFi expansion and enhancements to truly meet individual needs.

    The battle between centralized finance (CeFi) and DeFi systems and platforms undoubtedly continues. But what if you could have the best qualities of a DEX and CEX without any trade-offs? 

    ApeX Pro: The CEX Experience, Decentralized

    Trading visibility, market depth and robust liquidity with strong security provisions are key to every trading platform's success — DEXs tend to fall short on the former, while CEXs lack guarantees that make every trader's trading experience secure, transparent and safe.

    There's only one way to bring all the above to traders at the lowest costs, but also the highest speeds. And that's what ApeX Pro is set out to do as a dynamic non-custodial derivatives DEX powered by StarkWare's Layer 2 scalability engine StarkEx — all to deliver a made-to-order, permissionless platform designed for precision trading.

    This comes after ApeX Protocol's initial ApeX elastic Automated Market Maker (eAMM) launch, where popular inverse perpetual contracts were supported; automatic, fully permissionless and without the need for KYC. With full spectrum asset support, ApeX Protocol was able to uplift decentralized derivatives trades. 

    And now going beyond that to further test the boundaries of derivatives DEXs, ApeX Protocol returns with ApeX Pro where traders can not only have their security and privacy preserved as one would see in a DEX, but high altitude performance trades with cost and speed efficiencies typically associated with CEXs.

    Here are six ways ApeX Pro is changing the game and bringing traders full ownership within a solid, trustless ecosystem:

    • Visibility on Orders for Deep Liquidity and Market Depth

    Traders are most familiar with order book interfaces and for good reason — the easy visibility on active orders, asks and bids and clear chart views can accurately and swiftly guide accurate trades. At the same time, with its powerful matching engine, competitive pricing system and deep liquidity, traders can easily create and execute their best orders.

    ApeX Pro facilitates effortless and straightforward entry into the decentralized sphere, so aspiring crypto traders or existing crypto enthusiasts get acquainted with a DEX almost instantly, but with so many more features and security guarantees.

    • Multi-Chain Support

    Decentralization with more choices to fit traders diverse portfolio needs. More than just another DEX providing support to the Ethereum network, traders can pick their preferred EVM-compatible chains to make deposits on and withdrawals from. ApeX Pro also supports Ether (ETH), ERC-20 and EVM-compatible chain tokens, minimizing the need for multiple external conversions to get on board the platform. 

    • Privacy & Security Guaranteed

    The integration of StarkWare's Layer 2 scalability engine StarkEx helps ApeX Pro offer traders trades fortified by cryptographic STARK proofs, scaled on Validium. They can count on accurate transaction verifications and execution of their orders anywhere, anytime. On top of that, data sharing is not compulsory on ApeX Pro — no risk of sensitive personal data stored on the platform and being exposed to possible vulnerabilities as a result.

    This includes a trader's funds and assets. The principles of decentralization compel DEXs such as ApeX Pro to never hold custody of a trader's owned funds at any point in time; in the unlikely event of unforeseen circumstances leading to the temporary suspension of any services provided by ApeX Pro, traders can freely retrieve their funds and transactions.

    Even if they hit a snag in the process, with forcedTrade and forcedWithdrawal requests, codified on the platform with the integration of StarkEx's infrastructure, there are truly no obstacles between a trader and their funds.

    In code we trust.

    • Minimal Costs, Bigger Leverage & Optimal Trade Sizes

    It's all about cost-saving features so traders get more crypto for their buck. Here's how ApeX Pro is ensuring capital efficiency so traders can leave 100% of their funds to generating profit: 

    1. Bolstered by StarkEx's Layer 2 scaling capabilities, traders can say goodbye to transaction gas fees

    2. With up to 30x leverage, traders can enjoy a bigger upsize on their perpetual contract trades and amplify earnings

    3. With smaller trade sizes, creating an order is easier than ever before as traders can proceed with smaller starting capital

    • Instant Settlement & Fast Withdrawals

    Quicker transaction and state confirmation on Layer 2 means that traders have their orders, withdrawals and deposits settled without prolonged delays. ApeX Pro also supports Fast Withdrawals, which processes requests via a withdrawal liquidity provider so traders' funds arrive at their accounts without waiting in line.

    • Trade for Rewards & Revenue Sharing

    ApeX Pro is supported by $APEX and $BANA, the underlying tokens underpinning the ApeX Pro ecosystem. Instead of paying trading fees to a CEX, traders can instead share in the fees generated, and also earn reward tokens for their trades. A trading ecosystem that truly benefits its community.


    Inheriting a Decentralized Future 

    ApeX Pro takes a step forward in furthering the core tenets of decentralization in accessibility, inclusivity, security and efficiency. At its core, decentralization symbolizes the vesting of full ownership back in the hands of the masses — and this is why ApeX Pro is committed to realizing a Web3 social trading platform in time, where the community creates, shares and drives trading activity independently.

    It's time to experience decentralization like you've never seen before. Find out more about ApeX Pro here.