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Project Overview
Apyx is a dividend-backed stablecoin protocol backed by Digital Credit, alongside a globally accessible savings instrument built for double digit yield at scale.
Event-related news
Apyx: Launching Apyx 2.0 to Redesign the Capitalization Framework
According to official news from Apyx, during the recent Bitcoin decline, as STRC hit its historical maximum drop, the secondary market price of apxUSD fell to $0.90. Throughout the event, the protocol remained solvent, and no bad debts were generated in the Morpho lending market.In response to issues exposed during this stress test, such as inaccurate overnight liquidity and net asset value display, Apyx officially announced Apyx 2.0. This version introduces two independent metrics—redemption value and total collateral value—to eliminate the first-mover arbitrage option associated with NAV-based redemptions.Furthermore, Apyx 2.0 will launch a new RFQ redemption system, allowing approved counterparties to provide redemption execution around the reserve through competitive bidding. The team also officially committed that if apxUSD deviates from NAV by more than 2% in the future, a public status update will be released within 2 hours.
SATA daily dividend payment begins in 6 days, pre-market price recovers to nearly $100 face value
BitcoinTreasuries.NET posted on X platform, stating that pre-market trading is now open, with both SATA and STRC recovering to near $100 face value. SATA's daily dividend payment will begin in 6 days, supported by Apyx_fi, offering double-digit yields to everyone.
Apyx temporarily withdraws most protocol liquidity, citing inability to trade STRC over the weekend
the dividend-backed stablecoin protocol Apyx announced it has temporarily withdrawn most of the protocol's own liquidity during the U.S. stock market closure to protect existing users and ensure fair treatment for all holders.Apyx stated that since STRC cannot be traded over the weekend, the protocol is unable to actively manage exposure or trade the underlying assets. Maintaining normal liquidity could cause a significant deviation between the secondary market price and the net asset value (NAV) of the underlying collateral, potentially benefiting or harming some users.Apyx said it plans to restore liquidity and resume normal market operations before the U.S. stock market reopens on June 8.
Related news
Apyx: Launching Apyx 2.0 to Redesign the Capitalization Framework
According to official news from Apyx, during the recent Bitcoin decline, as STRC hit its historical maximum drop, the secondary market price of apxUSD fell to $0.90. Throughout the event, the protocol remained solvent, and no bad debts were generated in the Morpho lending market.In response to issues exposed during this stress test, such as inaccurate overnight liquidity and net asset value display, Apyx officially announced Apyx 2.0. This version introduces two independent metrics—redemption value and total collateral value—to eliminate the first-mover arbitrage option associated with NAV-based redemptions.Furthermore, Apyx 2.0 will launch a new RFQ redemption system, allowing approved counterparties to provide redemption execution around the reserve through competitive bidding. The team also officially committed that if apxUSD deviates from NAV by more than 2% in the future, a public status update will be released within 2 hours.
SATA daily dividend payment begins in 6 days, pre-market price recovers to nearly $100 face value
BitcoinTreasuries.NET posted on X platform, stating that pre-market trading is now open, with both SATA and STRC recovering to near $100 face value. SATA's daily dividend payment will begin in 6 days, supported by Apyx_fi, offering double-digit yields to everyone.
Apyx temporarily withdraws most protocol liquidity, citing inability to trade STRC over the weekend
the dividend-backed stablecoin protocol Apyx announced it has temporarily withdrawn most of the protocol's own liquidity during the U.S. stock market closure to protect existing users and ensure fair treatment for all holders.Apyx stated that since STRC cannot be traded over the weekend, the protocol is unable to actively manage exposure or trade the underlying assets. Maintaining normal liquidity could cause a significant deviation between the secondary market price and the net asset value (NAV) of the underlying collateral, potentially benefiting or harming some users.Apyx said it plans to restore liquidity and resume normal market operations before the U.S. stock market reopens on June 8.
Apyx’s stablecoin apxUSD briefly de-pegged to $0.93; the protocol stated this was part of its normal mechanism, not a system failure.
In response, Apyx stated that this is the expected behavior of a preferred-share-backed stablecoin—not a systemic failure—and highlighted that its stabilization mechanism features multiple layers of safeguards: the issuer can raise the dividend rate to drive preferred share prices back to par value, and the protocol maintains over-collateralization to absorb market-value fluctuations. Furthermore, Apyx noted that its primary Morpho lending market is driven by dividend accrual rather than the STRC spot price, thus avoiding cascading liquidation risks.
Apyx confirms TGE and airdrop on October 13, with points-based airdrop allocation increased
Apyx, a stablecoin project built on STRC, officially announced on X that the TGE and airdrop are scheduled for October 13. In addition, the second season points campaign is confirmed to end on October 11, and the token allocation corresponding to points will be increased from 4% to 6% of the total supply.