APEUSDT Perpetual Futures Now on Deri Protocol
We’re excited to announce ApeCoin (APE) perpetual futures is open for trading in Deri Protocol’s Inno Zone on BNB Chain
Trade: https://deri.io/#/trade/futures
Perpetual Futures Specs
Symbol: APEUSDT
Base tokens: $BUSD, $USDC, $USDT, $XVS, $BNB, $BTCB, $ETH, $LTC, $SXP, $XRP, $DOT, $LINK, $DAI, $ADA, $CAKE, $TUSD, $TRX, $MATIC, $DERI
Min.Trade Unit (Notional): 1
Funding rate coefficient: 3.858024691358e-6
Initial Margin Ratio: 10%
Maintenance Margin Ratio: 5%
Transaction Fee: 0.2%
What is ApeCoin?
ApeCoin is an ERC-20 governance and utility token that will power the APE ecosystem.
It’s the brainchild of Yuga Labs, the company behind Bored Ape Yacht Club and Mutant Ape Yacht Club. A few months ago, they broke the headlines with their mainstream appeal.
APE Holders will gain access to voting rights, games, events, merch, services, and projects within the APE ecosystem. Note, the total supply of ApeCoin is permanently capped at 1 billion tokens.
ApeCoin will function independently of YugaLabs through the ApeCoin DAO (Decentralized Autonomous Organization) and the APE Foundation, a steward organization created to execute the community’s decisions.
About Deri Protocol
Deri, your option, your future!
Deri is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
