🏦Lending

Where can I lend?

Lending is available directly from the lending tab, apemex.exchange/lending

How does lending work?

In Apemex, a central factory smart contract deploys lending pool contracts. That is, smart contracts which permit the lending of specific BEP-20 tokens so that margin traders can borrow them for leveraged trading.

Lenders receive both 10% yearly interest applied on open positions, as well as 0.1% of total trading volume.

Why does the lending pool APY show 0 to 2000%+?

APY is based on trading volume on the platform. For this reason, it is difficult to estimate the APY. The graphical interface shows an estimate based on the activity in the past 24hrs and may not be accurate for the timeframe of an entire year.

NOTE: 0% APY means based on that past 24h period, there has been a 0% gain. This does not mean that the yearly gain is 0%, as trades can occur at any time.

What are the risks for lending?

Pools are set for up to 100% utilisation, meaning if a whole pool is lent out, lenders would need to wait for those positions to be closed, or liquidated. Funds cannot be lost during this process, and such a scenario is only even possible for pools with lower liquidity but higher trading demand.