Apyx

October 9 Update: The TGE scheduled for October 13 has been postponed to a date to be determined. Season 2 has been extended, and the community allocation has increased from 6% to 9%. The tasks below remain valid.

🚀 Apyx

Apyx is ushering in a new era of stablecoins by introducing the first Dividend-Bearing Stablecoin (DBS) protocol. It transforms off-chain, income-generating Real World Assets (RWAs) into on-chain programmable money, offering users a stablecoin, apxUSD, and a yield-generating savings instrument, apyUSD, designed to deliver double-digit returns. This innovative approach aims to provide sustainable yield decoupled from typical DeFi native sources, backed by publicly traded preferred equity.

📋 What is the Project

Apyx is a decentralized finance (DeFi) protocol that issues a dollar-pegged stablecoin, apxUSD, which is overcollateralized by dividend-generating Real World Assets (RWAs), specifically preferred equity of Digital Asset Treasuries (DATs). The protocol's primary function is to bring the yield from off-chain income-generating securities, termed "Digital Credit," into the on-chain DeFi ecosystem. Apyx utilizes a three-token system: apxUSD as the liquid stablecoin, apyUSD as the yield-generating savings component, and APYX as the governance token. The project launched with a $4 million seed funding round in September 2023, co-led by ParaFi Capital and Pantera Capital, with participation from Kraken Ventures, Wintermute Ventures, and GSR. Apyx is backed by the team behind DeFi Development Corp., a publicly traded company on Nasdaq (DFDV).

💎 Airdrop Potential

• Gold Tier: Apyx has high airdrop potential due to its significant funding from well-known VCs like ParaFi Capital and Pantera Capital, and its innovative approach to real-world asset-backed stablecoins.
• Current Investors/Backers: ParaFi Capital, Pantera Capital, Kraken Ventures, Wintermute Ventures, and GSR. DeFi Development Corp. is also a strategic backer.
• Community Traction: While specific follower counts for Twitter/Discord haven't been publicly disclosed, the project has actively run a "Pips" points program across several seasons to reward early adopters.
• Why this airdrop is worth doing: Apyx offers a unique value proposition with its dividend-bearing stablecoin model, aiming for sustainable double-digit yields. The project has garnered significant backing and is actively rewarding early engagement through its points farming campaign, with a significant portion of the APYX token supply allocated to airdrops.

💰 Cost and Requirements

Cost: Free.
Requirements: To participate in the Apyx airdrop, users need to interact with the Apyx protocol by holding apxUSD, minting apyUSD, or providing liquidity in various DeFi protocols. No minimum amounts are specified, but higher engagement generally leads to more "Pips" (points). KYC is not publicly disclosed as a requirement.

📝 How to Participate in Apyx

1. Visit the Apyx application.
2. Connect your crypto wallet to the Apyx platform.
3. Swap stablecoins like USDC for apxUSD on the Apyx app.
4. Hold apxUSD in your wallet to earn Pips, or stake apxUSD on the platform for a higher multiplier.
5. Lock apxUSD to mint apyUSD, which is a yield-generating token and also earns Pips.
6. Provide liquidity in supported pools on integrated platforms like Curve (apxUSD/USDC pair), Pendle Finance (apxUSD or apyUSD liquidity), or Morpho lending markets to earn additional Pips and yield.
7. Track your accumulated Pips on the "Rewards" tab of the Apyx frontend.
8. Consider inviting friends to the Apyx platform to earn a percentage of their Pips.

⚠️ Disclaimer

Warning: This is not financial advice. Crypto airdrops involve risks. Always do your own research (DYOR) before participating. Never invest more than you can afford to lose.

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