# APX Finance

> Best decentralized exchange experience

APX Finance is a decentralized perpetual futures exchange offering order book and on-chain trading across multiple blockchains.

APX Finance is a decentralized derivatives protocol offering non-custodial perpetual futures markets. It runs two trading venues, an order book venue that matches orders off-chain and settles funds on-chain, and a fully on-chain venue where a shared liquidity pool acts as the counterparty to every trade. The protocol serves traders who want leveraged exposure without handing custody of their collateral to an operator.

Perpetual futures have traditionally required depositing collateral with a centralized venue, and the protocol settles positions through smart contracts that users reach from their own wallets. Pricing is drawn from external oracle feeds, and the on-chain venue requires no account registration or prior deposit. Liquidity providers mint a pool token that earns a share of trading fees and absorbs the pool's profit and loss.

Alongside its own venues, the protocol offers a permissionless engine that lets third parties launch branded perpetual exchanges on the same shared liquidity, and a governance system in which locked tokens grant voting rights, staking rewards, and reduced trading fees. It operates across multiple blockchains and is used by retail and algorithmic traders, liquidity providers, and partners building their own exchange front ends. It now operates as part of a merged trading organization.

- Type: Protocol
- Sector: Finance
- Status: Acquired
- Founded: 2021-01-01
- Profile: https://thegrid.id/profiles/apx_finance

## Products

- [APX Finance](https://thegrid.id/profiles/apx_finance): APX Finance is a decentralized derivatives exchange offering perpetual futures trading without custody of user funds. Its order book venue matches orders off-chain and settles funds on-chain, accepting token collateral across multiple blockchains. Its on-chain venue executes every transaction through smart contracts, with a shared liquidity pool acting as the direct counterparty to traders and pricing drawn from external oracle feeds. Trading on the on-chain venue requires no account registration or prior deposit. Users can supply liquidity by minting the pool token to earn a share of protocol fees, or lock the governance token for voting rights, staking rewards, and reduced trading fees. (Derivatives, Live, Main Product)
- [APX Permissionless DEX Engine](https://thegrid.id/profiles/apx_finance): APX Permissionless DEX Engine is a developer SDK that lets third-party projects launch branded on-chain perpetual futures exchanges. It gives partners access to the protocol's shared liquidity pool without prior authorization, and lets them configure their own domains and trading interfaces across multiple blockchains. Partners earn a commission on the trading fees their deployed exchanges generate. (Developer Tooling, Live)

## Assets

- [APX Token (APX)](https://thegrid.id/profiles/apx_finance): APX is the governance token of APX Finance. It is used for locking in the APX DAO to earn voting power, staking rewards, and reduced trading fees on the platform. Platform trading revenue is partially used to repurchase and burn APX through a dedicated fee repurchase contract. (Governance)
- [ALP (ALP)](https://thegrid.id/profiles/apx_finance): ALP is a vault token representing deposits in APX Finance's perpetual futures liquidity pool. It is used for providing liquidity to the protocol's on-chain trading venue, earning a share of trading fees and staking rewards. The pool acts as the direct counterparty to traders, so the token's net asset value rises and falls with pool profit and loss. (Vault Tokens)

## Links

- [Main](https://www.apollox.finance)
- [Documentation](https://apollox-finance.gitbook.io/apollox-finance)
- [Privacy policy](https://apollox-finance.gitbook.io/apollox-finance/about-us/privacy-policy)
- [Terms of Service](https://apollox-finance.gitbook.io/apollox-finance/about-us/terms-of-use)
- [Governance](https://snapshot.org/#/apolloxdao.eth)
- [Media Kit/branding](https://apollox-finance.gitbook.io/apollox-finance/brand-logo-and-guidelines)
- [Twitter / X](https://x.com/APX_Finance)
- [Discord](https://discord.gg/gRE9KYhTeX)
- [Medium](https://medium.com/apx-finance)
- [Telegram](https://t.me/ApolloX_Finance)
- [Telegram](https://t.me/apolloxchange)
- [Telegram](https://t.me/ApolloXCN)
- [Telegram](https://t.me/apollox_korea)
- [GitHub](https://github.com/apollox-finance)

## Relationships

- [Aster](https://thegrid.id/profiles/aster): Parent organization

## Legal

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- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP