Apex Fun
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What is Apex Fun?

Apex Fun is a memecoin launchpad on Avalanche, where every coin ends up backed by a leveraged position on a real stock, index or commodity — Nvidia, Tesla, the S&P 500, gold — and nobody, not even us, can ever pull the liquidity.

You launch a coin in one transaction. It trades instantly in a normal Pharaoh V3 pool against USDC. Once it has traded enough, it bonds: its liquidity is re-paired to a tracker of the stock you picked, at up to 5×. From then on your coin's floor moves with the stock.

Not deployed yet. The contract addresses will be listed in Architecture, with verified sources, the day the contracts go live; treat any other address presented as Apex Fun's as unverified.

For creators

  • No launch fee. You pay gas and a $1 minimum opening buy of your own coin — coins you keep. That is the whole cost.
  • Everything in USDC. You pay in USDC and you are paid in USDC — Circle's native USDC on Avalanche, not USDC.e. The one other thing a wallet needs is a little AVAX for gas; a transaction costs a fraction of a cent.
  • A fee on every trade, forever. Every swap on your coin pays its pool 1%, and 0.665% of the trade is yours. The rate is the same on every coin; there is nothing to set. Claim it whenever you like. It never expires.
  • You pick the stock and the multiple. Long or short, 1× to 5× on every market listed today.

For traders

  • One honest pool. The whole supply — 1,000,000,000 coins — sits in a single Pharaoh V3 pool quoted in USDC. The price you see is the price you can exit at.
  • No hidden tax. The only cost is the pool's 1% swap fee, the same on every coin, and it is in the quote before you sign.
  • Tradable by anything, instantly. Telegram bots, aggregators, wallets: one hop through Pharaoh's standard router, from the very first block.
  • A rug is impossible. The contract holding the liquidity has no withdraw function. Not "locked for a year" — the code that could withdraw simply does not exist.

The twist

Once a coin's own trading has put $15,000 of USDC into its pool, the protocol bonds it. In one transaction that USDC buys a leveraged tracker of the stock — NVDAx5, say — and the coin is re-paired to it at the same dollar price. Your tokens do not move. What changes is what stands behind them: from then on, when Nvidia moves 1%, the coin's backing moves about 5%, even on a day nobody trades the coin.

The position behind a tracker is held on Lighter, a perpetuals exchange with zero trading fees, in an account kept by the protocol's hedge wallet. Lighter takes USDC straight from Avalanche; withdrawals come back by way of Arbitrum and Circle's CCTP bridge. How that works, and what it asks you to trust, is spelled out in The hedge book.

How it goes

  1. LAUNCH                 2. TRADE                    3. BOND
  one transaction,          one USDC pool,              $15,000 of backing reached:
  $1 opening buy,           no tax, any bot,            liquidity re-paired to NVDAx5,
  liquidity locked forever  your fee on every swap      floor now moves with the stock

What you can pair with

Long or short, at the multiple you choose, up to 5× — 32 markets, all listed on Lighter (read from its market list on 2026-09-22):

  • Stocks — NVDA, AAPL, SPCX (SpaceX), TSLA, GOOGL, META, AMZN, MSFT, AMD, MRVL, INTC, MU, SNDK, DELL, ORCL, SKHY (SK Hynix), MSTR (Strategy), CRCL (Circle), NBIS (Nebius), ZHIPU (Zhipu AI), COIN (Coinbase), HOOD (Robinhood), PLTR (Palantir), CRWV (CoreWeave), CBRS (Cerebras)
  • Indices — SPY (S&P 500), QQQ (Nasdaq 100), EWY (South Korea)
  • Metals & commodities — XAU (gold), XAG (silver), WTI crude, Brent crude

Every one of them trades around the clock on the venue, weekends included, with no closed-market price band — see Leveraged trackers.

Where next