Apyx
Dividend-backed stablecoin protocol on Ethereum — apxUSD (synthetic dollar) and apyUSD (yield-bearing vault) backed by DAT preferred shares. APYX TGE locked for Oct 13, 2026.
Farming Overview
Key Statistics
How to Farm Apyx
- Maximize Season 2 allocation before October 11, 2026 — 6% of total supply on the line
- Hold/mint apxUSD via the Swap tab for 5x Pips multiplier (highest-yield action)
- Farm via Pendle: PT (~13% fixed APY) for stable yield or YT for leveraged Apyx points exposure (BNB Chain, Nov 2026 maturity)
- Provide liquidity in the Curve apxUSD/USDC pool for LP-based Pips
- Acquire apyUSD for yield-bearing exposure (fewer Pips but earns dividend yield)
- Commit apxUSD and Curve LP tokens in the Rewards tab for additional Pips
- Use referral link for 5% of referred users' points
Why Farm Apyx?
- APYX TGE locked for October 13, 2026 — Season 2 ends Oct 11, hard deadline to accumulate Pips
- Zero VC funding → S2 community allocation raised to 6% of supply (up from 4% in S1) — higher than most comparable protocols
- First dividend-backed stablecoin: apxUSD collateralized by DAT preferred shares paying 11%+ perpetual dividends
- Almost entirely ex-Kraken C-suite: Joseph Onorati (8 yrs CSO), John Han (ex-Goldman, ex-Binance VP Finance)
- DeFi Development Corp (Nasdaq: DFDV) as first institutional investor — vertically integrated from dividend source to DeFi
- Two-token model (apxUSD + apyUSD ERC-4626 vault) mirrors Ethena's USDe/sUSDe architecture ($3B+ scale)
- Pendle markets live (apxUSD Nov 2026 maturity, BNB Chain) — leverage YT for Pips exposure
About Apyx
Apyx is the first Dividend-Backed Stablecoin (DBS) protocol. It converts off-chain dividend income from publicly-traded Digital Asset Treasury (DAT) preferred shares into on-chain programmable yield. The protocol operates a two-token model: apxUSD (non-yield-bearing synthetic dollar, always >100% collateralized) and apyUSD (yield-bearing ERC-4626 savings vault). APYX governance token TGE is locked for October 13, 2026, with Season 2 ending October 11 — community allocation boosted to 6% (up from 4% in S1), reflecting Apyx's zero-VC structure.
Similar DeFi Protocols
Frequently Asked Questions
What is Apyx and how does it work?
Apyx is the first Dividend-Backed Stablecoin (DBS) protocol. It converts off-chain dividend income from publicly-traded Digital Asset Treasury (DAT) preferred shares into on-chain programmable yield. The protocol operates a two-token model: apxUSD (non-yield-bearing synthetic dollar, always >100% collateralized) and apyUSD (yield-bearing ERC-4626 savings vault). APYX governance token TGE is locked for October 13, 2026, with Season 2 ending October 11 — community allocation boosted to 6% (up from 4% in S1), reflecting Apyx's zero-VC structure.
How do I farm the Apyx airdrop?
To farm the Apyx airdrop, you should: Maximize Season 2 allocation before October 11, 2026 — 6% of total supply on the line. Hold/mint apxUSD via the Swap tab for 5x Pips multiplier (highest-yield action). Farm via Pendle: PT (~13% fixed APY) for stable yield or YT for leveraged Apyx points exposure (BNB Chain, Nov 2026 maturity). Provide liquidity in the Curve apxUSD/USDC pool for LP-based Pips. Apyx is currently in the mid-late farming stage with confirmed airdrop status.
What is the expected value of the Apyx airdrop?
The Apyx airdrop has an expected value rating of 4 out of 5 ($$$$). The farming stage is mid-late and the airdrop status is confirmed. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.
Why should I farm Apyx?
APYX TGE locked for October 13, 2026 — Season 2 ends Oct 11, hard deadline to accumulate Pips Zero VC funding → S2 community allocation raised to 6% of supply (up from 4% in S1) — higher than most comparable protocols First dividend-backed stablecoin: apxUSD collateralized by DAT preferred shares paying 11%+ perpetual dividends