gTrade Expands to ApeChain: Unleashing the Full Potential of $APE
The gTrade multi-chain journey continues through a partnership with ApeCoin by delivering an exclusive version of the platform on ApeChain, tailored to the thriving $APE community.
With this integration, gTrade combines its innovative trading infrastructure with the accelerating growth of the ApeChain ecosystem; an Ethereum L3 chain under the Arbitrum Orbit umbrella.
This collaboration — with support from the Banana Bill — introduces a series of exciting innovations and opportunities:
🍌 Exclusive ApeChain features
🍌 Trading Rewards
🍌 $APE Yield on gTrade
🍌 Elevated $APE Utility
🍌 Deep Liquidity across 190+ pairs
🍌 Flexible leverage options
🍌 $GNS expansion
Let’s dive deeper into what this partnership offers to traders and the broader ApeChain ecosystem.
Special ApeChain Features
For those seeking the ultimate degen experience, gTrade introduces Degen Mode with BTCDEGEN, an exclusive ApeChain feature offering 500x leverage on BTC trades.
Ready to go real bananas? Check it out here and take trading to the next level! 🦍
Traders enjoy zero price impact on all $BTC trades — no matter the size and leverage of your position.
Trading Rewards
To celebrate the launch, gTrade will host a trading campaign on ApeChain featuring $APE rewards for active traders — starting today, November 22!
Details about the campaign, including how to participate and prize structures, will be revealed very soon. Stay tuned for updates!
$APE Yield
Staking $APE on gTrade opens the door to multiple sources of yield:
- ApeChain-native rewards — Incentivizing users for holding their $APE on ApeChain.
- gTrade’s trading fees — Earn rewards directly tied to platform activity.
Getting started is simple:
- Bridge your $APE to ApeChain via the Ape Portal or Relay Bridge.
- Stake $APE in the ApeChain-native vault on gTrade to start earning today.
Elevating $APE Utility
On ApeChain, $APE assumes a dual role as both collateral for trades and gas for transaction execution.
Traders can:
- Use $APE as collateral to trade across 190+ pairs with leverage.
- Enjoy seamless transactions within the ApeChain ecosystem using $APE for gas fees.
This setup not only enhances $APE’s utility but also solidifies its position as a core asset within the gTrade ecosystem.
In addition, $APE holders can provide liquidity with $APE in the gTrade vault to act as a counterparty to traders.
Liquidity Powered by $APE
Liquidity is the backbone of any trading platform, and gTrade’s ApeChain deployment is no exception.
With support from the Banana Bill, the platform is bootstrapped with $4M worth of $APE in seed liquidity and $1M worth of $APE in the overcollateral layer.
This initiative allows traders to access deep liquidity and high leverage across a wide variety of pairs, including 30+ memecoins, making it the perfect playground for both seasoned traders and meme enthusiasts.
Flexible Leverage Options
ApeChain traders enjoy tailored leverage options:
🍌 BTC and ETH: Trade with leverage ranging from 1.1x to 200x.
🍌 Altcoins: Trade with leverage ranging from 5x to 150x.
These options ensure a flexible trading experience, catered to all types of traders.
$GNS on ApeChain
With gTrade being powered by $GNS, this expansion is accompanied with the introduction of $GNS on ApeChain to maintain its integral role in the ecosystem.
To support this, the protocol will deploy a liquidity pool on Camelot. The OTC function on gTrade and this DEX pool will facilitate buybacks and burns of $GNS directly on ApeChain, ensuring a sustainable and deflationary mechanism that aligns with the protocol’s long-term goals.
Stay tuned for additional details on this key deployment.
A Partnership Powered by Banana Bill
This deployment and collaboration wouldn’t be possible without the support from ApeCoin’s Banana Bill program.
For the first month of operation on ApeChain, gTrade will share 10% of its ApeChain-native revenue with the ApeCoin Treasury, contributing directly to the growth of the ApeChain ecosystem. This initiative showcases the commitment to building a sustainable and mutually beneficial partnership.
Join the ApeChain Revolution
The expansion to ApeChain marks another significant milestone for gTrade, reinforcing its position as a leading PerpDEX platform. With features designed for both $APE holders and traders seeking advanced tools, gTrade continues to innovate and push boundaries.
Ready to ape? Visit gTrade on ApeChain and explore the exciting world of $APE utility and rewards.
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