CryptoCurrencies
18728
Exchanges
500
Total Market Cap
4,387,948,568,349
Volume 24h
284,136,532,406
Dominance
BTC 52.67%   ETH 13.01%   XRP 4.29%   USDT 3.88%

APO
APO

0.1877
$
0.89 %
Change 24h
Market Cap
$ 193,733
Volume 24h
$ 2.810
Circulating Supply
1,017,187
Total Supply
200,000,000
APO
$
# Exchange Pair Price Volume 24h

Description

Apollon is a decentralized debt protocol developed by BLKSWN PTE. LTD., enabling the creation and management of synthetic assets (aAssets) backed by overcollateralized vaults. Users can lock selected ERC-20 tokens as collateral and issue aAssets such as aUSD, aNVDA, or aTSLA. The protocol maintains a minimum individual collateralization ratio (IMCR) of min. 110%, enforced by smart contracts. aAssets are freely transferable and are burned upon repayment of debt. The protocol includes a liquidation mechanism based on a redistributive logic to handle undercollateralized positions. The aUSD stablecoin is redeemable for collateral at face value, helping to maintain its peg. Apollon integrates the decentralized Pyth Network for real-time price oracles. The system also includes automated swap functionality via an integrated DEX, allowing users to open long or short positions and provide liquidity while automatically managing associated debts.