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But we saved everything 🙂.
ApeX reported that liquidation fees generated from a recent $3.76 million liquidation event in July were distributed to the ApeX Omni Insurance & New User Vault, supporting the protocol and providing returns for vault participants. The announcement highlighted the use of official Protocol Vaults, which convert liquidation fees from perpetual markets into yield for users.
According to ApeX, fees from a $3.76 million liquidation event in July were allocated to the ApeX Omni Insurance & New User Vaults. These Protocol Vaults, the broker states, have been established to convert liquidation fees from perpetual markets on ApeX Omni into stable yield for participants.
The vaults are managed by the ApeX team, feature daily-updated net asset values, and offer parameters such as a 2,000,000 USDT total cap, a 200,000 USDT per-user limit, and no lock-up period, with users able to redeem their funds at any time. Additional product mechanics and participation details are made available on the ApeX website.
To participate in the ApeX Protocol Vaults, deposit or transfer at least 10 USDT into your ApeX Omni account and move the funds to the Protocol Vault from either your Funding or Perp Account. Your shares in the vault are allocated at the next daily NAV update (08:00 UTC), reflecting your position and accumulated yield from liquidation fees. You can redeem your principal and earned yield at any time with no lock-up period, keeping within the individual cap of 200,000 USDT and the overall cap of 2,000,000 USDT. For more details or to get started, visit the official sign-up link.
ApeX is a decentralized exchange operating on the Ethereum blockchain, launched in December 2021. The platform enables direct cryptocurrency trading, including leveraged positions, and provides a proprietary web interface and mobile apps for user access. More details about its features, such as low trading fees, a referral program, passive income options, and staking availability, can be found in the broker profile on Traders Union.
For more background on ApeX's educational initiatives, see the previous ApeX update on Traders Union, which detailed how funding rates work in perpetual futures trading and their impact on profitability. Read the previous ApeX update on Traders Union.