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ApeX Omni 35% APY Reward Maxxing Strategy

Romano -

ApeX Omni extends its deposit campaign boost, offering 35% APY on effective USDT deposits. Now, there are some requirements we need to keep in mind. This post is meant to help you optimize your reward with capital efficiency.

Sign up to ApeX DEX for a lifetime trading fee discount: https://pro.apex.exchange/trade/BTCUSD/register?affiliate_id=46&group_id=83

Supported chains are Ethereum, BNB, Arbitrum, Polygon

A 35% APY by depositing on ApeX Omni. This offer expires on October 17th, 2024, at 10:00 UTC, so there's a limited time to optimize returns

ApeX DEX is a great DEX

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Use ref code: 46 (https://pro.apex.exchange/trade/BTCUSD/register?affiliate_id=46&group_id=83)

Anyways, some conditions we have to take into consideration

  • Minimum investment of 1,000 USDT
  • Required trading volume: 30,000 USDT
  • Rewards: Capped at MNT tokens worth $1,000 per individual

Early contributors are prioritized on a first-come, first-served for optimal reward distribution from their pool.

  • Current date (time of writing): September 30
  • Campaign end date: October 17th
  • Total remaining hours: 17 days * 24 hours / day = 408 hours

Now, let's find out how we can earn a maximum reward cap of $1,000 worth of MNT tokens within the campaign

Remember, the MNT tokens can go up in value. Anyways, let's carry on with Reward Maxxing

REWARD MAXXING

When calculating the effective deposit amount, we consider both the sum and the duration (in hours) that the funds must remain in your account. If the timeframe is shorter, the required deposit amount to reach the reward cap increases.

Interest Earned

Solving for the Principal amount

Given that we need a minimum deposit of 1,000 USDT, the yield is 35%, and the time left is 408 hours at the time of writing, let's plug in the values.

Now, to compute P

So, It's best to deposit around 61,500 USDT into ApeX Omni

The required volume is 30,000 USDT within the campaign period

Strategy: you can use a delta-neutral strategy such as buying BTC around 15,000 USDT spot on an exchange and shorting this amount using BTC-perp on ApeX Omni. That would be a 15,000 USD volume; closing the trade later on would be another 15,000 USD volume.

Combined, that is 30,000 USDT of volume. Meanwhile, due to the funding rate, you also earn some money by shorting.

It is also important to keep it in your ApeX Omni account for 17-18 days. Avoid withdrawing any funds during this period to ensure your deposit remains active and you continue earning.

So a few scenarios in case you don't have $61.5k

Scenario 1 (small fish)

  • Deposit 1,000 USDT
  • Interest earned over 17 days

Interest = 1,000 * 0.35 * (17/365) = 16.30 USDT

Scenario 2 ( moderate participation)

  • Deposit: 10,000 USDT
  • Interest earned over 17 days

Interest = 10000 * 0.35 * (17/365) = 163.01 USDT

Scenario 3: Maximum participation

  • Deposit 61,500 USDT
  • Interest earned over 17 days

Interest = 61500 * 0.35 * (17/365) = 1002.5 USDT

By strategically depositing and maintaining your funds while meeting the trading volume requirements, you can make the most out of this campaign.