Ape In is an NFT-driven project that features a series of mini-games that are designed to offer a consumer-friendly approach to decentralized finance (DeFi). These games function to introduce crypto-centric concepts, such as liquidity farming, to a broader audience while forwarding the industry’s thinking around the utility of NFTs.
The Ape In mini-games all exist within the Ape Island metaverse, a digital world that brings users together to explore exclusive gaming experiences and socialize. Ape Island features the first decentralized, on-chain NFT vaulting system where the main metaverse game unit, the Ape, can be staked to earn the APEIN utility token. This system currently features more than $2.5M in TVL.
The APEIN token has major utility across Ape Island with the primary use case of being the token required for mating Apes to create offspring, which in turn can be vaulted for additional APEIN rewards. APEIN is an inflationary token with substantial deflationary mechanisms, including mating and a built-in burning mechanism on all Ape + item sales.
Ape Island is being developed on Ethereum and Avalanche and APEIN is currently available on both networks.
Ape In is proposing a joint liquidity program with Kyber on the Avalanche network.
As part of this program, users will be able to provide liquidity to the upcoming APEIN-WAVAX pair on KyberDMM to receive dedicated LP tokens. These tokens can be staked to earn dual-rewards in both APEIN and KNC at a 2:1 ratio.
With the incentivized pool, KyberDMM will become a primary location for APEIN trading on Avalanche. Our team will focus heavy resources and attention on the marketing around this pool, including the creation of unique Kyber-branded Ape NFTs.
The motivation behind this proposal is two-fold:
- To increase our footprint on the low-fee Avalanche network by attracting DeFi-centric users, such as those found within the Kyber community, via APEIN reward distribution. Our goal is to build a dispersed group of APEIN holders who can all participate in the upcoming, exclusive expansion sale of Apes on Avalanche using their farmed rewards.
- To incentivize the lock-up of APEIN to grow the total liquidity available to new users entering our metaverse. Core to our economy is the ability to efficiently acquire APEIN with low-slippage and the KyberDMM is the ideal venue for this pool.
The Ape In team is fully public and has been at the forefront of NFT innovation for the past few years. Our team has been featured in major financial publications, including The Wall Street Journal, Business Insider, Bloomberg, and more.
$100k in KNC incentives
Ape In will provide $200k worth of APEIN rewards for 8 weeks, in addition to seeding the initial liquidity at a level between $800k and $1.2M, depending on market conditions at the time of pool creation. The pair will be APEIN-WAVAX.
APEIN token address on Avalanche:
APEIN token address on Ethereum:
PolyientX (Vaults and Farms)