ApeCoin Proposal Intends To Create New DEX But Faces Strong Opposition
A new proposal from the ApeCoin community intends to create APE DEX, which plans to realize the decentralized exchange of ERC-20 tokens supported by multi-asset pools. As suggested, ApeCoin is traded on the majority of major CEXs and DEXs (centralized exchanges and decentralized exchanges). These exchanges charge a variety of fees for opening and closing positions as well as executing swaps.
As well as an ApeCoin DAO DEX for ApeCoin holders, the ApeCoin DAO DEX will allow for the decentralized exchange of ERC-20 tokens, which will be backed by multi-asset pools that will pay liquidity providers fees from market making and swap fees. It expects to contribute to the creation of the lowest feasible trading costs in all of DeFI for APE holders, stakers, and purchasers. These asset pools will earn from market-making and swap fees LP fees, core functionality will include using APE to reward LP providers. The deadline for voting on the proposal is May 18, and the current proportion of negative votes has reached 86.81%, while the proportion of support is 13.19%.
Source
https://t.me/Blockchain_Explained
