The ApeCoin DAO has proposed the creation of a decentralized exchange (DEX) to benefit ApeCoin holders by enabling the decentralized exchange of ERC-20 tokens with multi-asset pools.

The ApeCoin DAO DEX will reward liquidity providers with $APE, creating greater utility and value for the token while activating significant deflationary pressure.

The overall cost of the proposal is 39,000 $APE, with implementation administered by the Ape Foundation and any material deviations from the AIP initially approved will be disclosed to the ApeCoin holder community.