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APX Liquidity Pool (ALP)
ALP is the APX Finance platform’s liquidity provider token made up of a pool of assets. Users can become liquidity providers by using any of the specified assets to buy ALP. ALP pool is the direct counterparty of V2 on-chain perp traders. There are two ALP pools: on BNB Chain, and on Arbitrum.
*To access ALP Pool (ARB), change the network to Arbitrum.
The initial issue price of ALP is USD$1. The net asset value of ALP is influenced by the profit or loss of the pool and income from trading fees, funding fees and liquidations. Users who mint ALP earn from platform fees which contribute to ALP net asset value. Users can also stake ALP (BNB Chain) to earn $APX staking rewards, or stake ALP (Arbitrum) in PancakeSwap's Syrup Pool to earn $CAKE rewards.
In future, APX Finance plans to support more utility of ALP on the platform such as earning transaction fee rewards, using ALP as margin for perpetual trading and participation in DAO governance and voting.
Note: After buying ALP, users cannot transfer it to other wallet addresses. Currently, only selling, staking and unstaking functions are supported.