Liquidity providers deposit funds into ApolloX and receive trading fees from traders (supply-side fees).

ApolloX is a non-custodial exchange for perpetual contracts built on BNB Chain, Arbitrum, and Base. ApolloX was founded by an anonymous team and launched their flagship ApolloX v2 in April 2023.

APX tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). ApolloX's investors include Binance Labs, Kronos Research, etc.