GM Community,
After our successful expansion of Swap, Liquidity Pools, and Farm functionalities onto Arbitrum earlier this month, we're excited to unveil yet another milestone: Perpetuals v2, powered by ApolloX, is now live on the Arbitrum network.
At launch, users will be able to enjoy the lowest perpetual trading fees in the industry (0.05%), real yield opportunities with a new ALP Pool, the most rewarding Perpetuals Trading Rewards Program you’ve ever seen (coming August 31), along with all the unparalleled benefits of Perpetuals v2.
Market-lowest trading fee of just 0.05%: We’re pleased to offer traders the most competitive fees on Arbitrum at launch
Up to 150x Leverage: Traders can amplify their strategies with leverage of up to 150x, unlocking new trading opportunities and potential gains.
Security & Reliability: The dual oracle model of v2 protects against abnormal price behavior by comparing real-time price feeds from Chainlink and the custom low-latency Binance Oracle. Smart contracts have undergone rigorous audits by leading security firms, including Salus Security, Certik, and PeckShield.
Degen Mode: Perpetuals v2 on Arbitrum also includes the one-of-a-kind Degen Mode, offering users an alternative way of trading with zero slippage, zero opening position fees, and an exceptional market-highest leverage of up to 750x - available at launch for 500BTCUSD and 500ETHUSD with more markets to come.
Diverse Selection of Trading Pairs: Perpetuals v2 currently offers 30 trading pairs on BNB Chain with similar offerings to go live on Arbitrum. Initially, 7 trading pairs will be available on Arbitrum at launch: BTCUSD, ETHUSD, ARBUSD, DOGEUSD, XRPUSD under Classic Mode; BTCUSD and ETHUSD under Degen Mode.
For a comprehensive overview of Perpetuals v2, check out our blog post here, a detailed guide to trading on v2 here, as well as a step-by-step guide here.
The excitement doesn't stop there. As Perpetuals v2 expands onto the Arbitrum network, we're gearing up for a sensational weekly Perpetuals Trading Rewards Program. Starting on August 31, this program promises to be our most rewarding yet, designed exclusively for Arbitrum traders.
What traders can expect: A substantial 25% of the platform fee will fuel the Trading Rewards Program ensuring incredible rewards for participants. For example, a weekly trading volume of $500M means $100,000 will be up for grabs for top traders. Top traders can expect to earn yields over and above their trading costs.
Brace yourself for unmatched trading incentives and rewards that are set to take your trading game to new levels, as no other platform provides the same level of rewards for traders. Click here to get started.
Perpetuals v2 on Arbitrum features a separate liquidity pool, the ALP Pool, powered by the ApolloX platform's liquidity provider token, $ALP. Comprising assets such as USDC, USDT, DAI, ETH, and BTC, the ALP Pool lets you become a liquidity provider and earn significant yield by minting $ALP with any of the aforementioned assets. A remarkable 50% of the total platform fee revenues are distributed to ALP liquidity providers, encompassing various components like opening/closing position fees, execution fees, funding fees, and liquidation fees.
In addition, the new ApolloX ($ALP) Syrup Pool on Arbitrum offers users the opportunity to earn boosted yield. Users can stake $ALP tokens to earn rewards in $CAKE tokens with over 20% APY at launch. For a comprehensive guide to staking in Syrup Pools, visit here.
For more details on earning real yield through the ALP Pool, check out our blog post here. A step-by-step guide on buying, selling, and staking ALP can be found here.
PancakeSwap Perpetuals v2, powered by ApolloX, was launched in April 2023 on BNB Chain and has since amassed over $1 billion in trading volume. This joint collaboration between ApolloX and PancakeSwap expands the reach of v2 to Arbitrum and further showcases ApolloX and PancakeSwap’s commitment to elevating the perpetual trading experiences. Perpetuals v2 on Arbitrum is the first step in PancakeSwap’s multichain expansion for perpetuals as we continue to provide our derivatives users with the ultimate DeFi experience.
Explore the exciting new features of v2 on Arbitrum, and stay tuned for more exciting announcements that are set to elevate your trading experience. For more information about the launch, please refer to our FAQ here.
Happy Trading,
The Chefs
Disclaimer: This information presented here does not constitute any form of financial advice or recommendation, please do your own research before making any investment decisions. By proceeding to engage in perpetuals trading on the PancakeSwap platform, you confirm that you are not a resident of a restricted jurisdiction and meet eligibility criteria for trading derivatives on the platform.