Joint Liquidity Mining Pool of APEX/ETH on Arbitrum
We are excited to launch the new joint liquidity mining incentive pool with Apex, offering liquidity providers of APEX/ETH on Arbitrum to maximize their reward earning potential and stabilize the price with the innovative one-side model.
The Liquidity Pool of APEX/ETH on Arbitrum will be launched on April 29th at 11 am (UTC 0). The incentive period will be for 2 months with a total 200,000 $esAPEX and 300,000 $iZi. Enjoy a high yield with low transaction fees on Arbitrum Network!
ApeX is a decentralized, non-custodial, permissionless, censorship-resistant perpetual derivative protocol that enables the introduction of perpetual swap markets for any token pairs.
Key features of the ApeX Protocol include:
- Permissionless cryptocurrency perpetual contract trading with leverage
- Elastic Automated Market Maker (eAMM)
- Protocol Controlled Value (PCV)
$esAPEX is your staking reward, which can be claimed and credited back to your wallet. You may vest the esAPEX on ApeX Protocol , which will be converted to APEX after a vesting period of six (6) months. You may also continue to stake your esAPEX on ApeX Protocol to earn more esAPEX.
$APEX Token Address on Arbitrum: 0x61A1ff55C5216b636a294A07D77C6F4Df10d3B56
$esAPEX Token Address on Arbitrum:
0xB86851c7F7C1b904A034F07Dd819382f8afD7893
How to participate APEX/ETH pool with iZUMi and get double rewards:
- Visit the official izumi website: https://izumi.finance/farm/one-side and get into the “One Side” farm function from the left sidebar.
One side model is based on Uniswap V3, which puts the LP’s USDC into the (Pa, Pc), just below the current price Pc, and puts the LP’s project tokens into the staking mining instead of into the trading pool (i.e. above Pc as potential sellers), thus creating a model of “stronger buying than selling”, which is more conducive to a price increase. More info via the following link : https://medium.com/p/2ae38867f801
Click the “Connect Wallet” button to connect your wallet and switch your wallet network to Arbitrum.
2.Click the “Details” button “🔽” on the right of the “APEX/ETH”, and click “Add Liquidity”.
3.Set the volume of APEX and ETH: Input the number of APEX, it will automatically give the number of ETH. Please note that you can only enter the liquidity pool with an equal dollar value of the $APEX and the $ETH. Before adding liquidity, approve APEX and ETH in MetaMask.
4.Now, you can click “Add Liquidity” to complete the staking. But here let’s try the “Boost APR” function. When turning on the switch, you could find that by staking the iZi token, you can boost your APR up to 2.5x.
5.After Approve iZi and boost APR, you can find your Positions NFT start working. And you can also click “Add Liquidity” and repeat Step3 to get another Positions NFT.
6. Now we get another Positions NFT but without a boost in the Step 3. You can always boost your APR after you start farming by clicking the “Boost” button. You can learn more details(Your Liquidity, Your APR etc.) by clicking the “Details” button.
7. After clicking “Boost”, a pop-up window will show up and it can be used to boost your APY.
You can select a boost rate, the program will calculate how many iZi should be staked.
8. After clicking “Details”, a pop-up window will show your Positions NFT’s details.
Click “View” will show your Positions NFT on etherscan.io.
As you can see, liquidity is only provided below the current price in the UniV3 pool. So there is only ETH in the pool, and your APEX tokens are staked in the staking contract.
You also can find your reward including trading fees on Uniswap V3 and Farming incentives.
9.Click the “Harvest all” or each “Harvest” button, the reward will be sent to your wallet.
Click the “Unstake” will stop farming. Your liquidity, staked iZi for boosting and your reward will be sent to your wallet.
