Apyx Announcements

We’re not only building to make DeFi better. We want to improve the ecosystem as a whole. Today, we open-sourced evm-contract-exporter, making it easier for teams to monitor smart contracts, build dashboards, track critical onchain values, and catch problems before they escalate. No more relying solely on block explorers, custom scripts, or one-off alerts when things go wrong. Learn more about what we built and why it matters. 👇 https://blog.apyx.fi/making-smart-contracts-observable-finally/

📰 Digital Credit Weekly #1: The Sale Everyone Feared, the Dump That Never Came The largest bitcoin holder on earth sold BTC for the first time. BTC went up. Inside our inaugural edition: 🔴 Strategy's 3,588 BTC sale ($216M) and why BTC rallied through it, closing the week at $64,114 🔴 MSTR mNAV at 1.02x: the full bridge on what compressed it (not the sale) 🔴 STRC vs SATA: one preferred near par, one still 12.5% below, and why 🔴 Record MSTR short interest: 42.8M shares, added into the June lows 🔴 Our new sentiment tracker, 28 weeks deep 🔴 The Apyx take: the market repriced the story, the cash flows got better Full post: https://x.com/apyx_fi/status/2075993309198331987?s=20

🚨 Strategy. STRC. MSTR. Crypto Twitter says it’s over. “Death spiral.” “Ponzi.” “The peg broke.” “They’ll be forced to liquidate.” The irony is that many bears correctly identified the mechanics of Strategy’s capital structure, then jumped to conclusions the structure itself doesn’t support. In our latest blog post, we: • Examine the four real risks facing Strategy • Explain why STRC cannot trigger forced liquidation • Break down the convertible debt concerns • Introduce CEBE, a new framework for valuing MSTR’s common equity • Lay out exactly what would change our view Read the full post. 👇 https://blog.apyx.fi/strategy-strc-everyones-wrong-but-were-right/

apxUSD is now live on Kraken Earn! 🐙 We’re excited to announce that apxUSD holders can now earn directly through Kraken. • Earn up to 6% APY • Weekly payouts • No lockups • Trade or move your apxUSD at any time This marks another major milestone in expanding access to apxUSD and bringing real yield-backed digital dollars to one of the world’s largest crypto exchanges. Start earning today. 👇 app.kraken.com/JDNW/apxUSD-X

📊 May 2026 Independent Attestation Now Live Wolf & Co. has completed its independent review of Apyx reserves for May 2026. The attestation confirms that the collateral backing Apyx exists and is properly stated. Users should be able to audit the protocols they use, not simply trust them. Read the full report. 👇 https://docs.apyx.fi/collateral-and-custody/third-party-attestation

@everyone **🚨 Pendle June Market Reminder** Only 1 day remains until Apyx’s June Pendle market expires. If you’re holding: • PT-apyUSD • LP positions tied to the June market • Any strategy built around the June expiry Be sure to prepare your rollover if you’d like to maintain exposure. Looking for a new maturity? Apyx currently has two additional Pendle markets available: 📅 August 26, 2026 📅 November 4, 2026 Explore available markets here. 👇 https://app.pendle.finance/trade/markets?search=apy Don’t let your capital sit idle. 👀

Two weeks ago, Apyx faced its largest stress test to date. 🔴 STRC experienced its largest decline from par on record 🔴 apxUSD traded as low as $0.90 on secondary markets 🔴 The protocol processed significant redemptions while remaining solvent throughout The result was a valuable lesson: our capitalization framework needed to be more clearly defined and codified. Today, we're introducing Apyx 2.0... • Redemption Value will govern all minting and redemption activity • Total Collateral Value will transparently display the full value of the reserve, including the overcollateralization buffer • The overcollateralization buffer is now explicitly designed to accrue to long-term holders, not first movers during periods of stress • The framework removes the structural incentive to drain the buffer during drawdowns The thesis remains unchanged. We believe dividend-backed dollars powered by publicly traded digital credit represent one of the largest opportunities in crypto over the coming decade. The June drawdown accelerated our learning and helped us formalize a stronger framework for the future. Read the full post. 👇 https://blog.apyx.fi/apyx-2-0-redemption-value-total-collateralization-evolution-of-the-dividend-backed-dollar/

🔍 Accountable Dashboard Update We've updated our Accountable dashboard with additional transparency into what backs apxUSD. The biggest change: Inventory and Protocol Owned Liquidity (POL) are now displayed as separate line items, making it easier to understand exactly how reserves and supply are structured. What's new? • See assets backing circulating apxUSD separately from inventory and protocol liquidity. • View reserve categories with additional granularity. • Better visibility into how the protocol manages reserves and liquidity. Reserve Categories • STRC: Preferred shares held at brokerage accounts + onchain STRCx • SATA: Preferred shares held at brokerage accounts + onchain SATAx • Cash & Equivalents: Stablecoins, USD, T-bills, lending positions, and LP positions • Other: Gas balances, earned tokens, and non-core assets Supply Breakdown • Circulating Supply: apxUSD currently in the market and backed by reserves • Inventory: Pre-minted apxUSD not in circulation and burnable at any time • Protocol Owned Liquidity (POL): Inventory deployed into protocol-owned limit orders and liquidity positions This update was one of the commitments made following our recent post-mortem and is the first of several transparency improvements currently being rolled out. 🔴 Full methodology: https://docs.apyx.fi/collateral-and-custody/accountable-dashboard 🔴 Live dashboard: https://accountable.apyx.fi Transparency should be verifiable, not taken on faith.

Last week, Apyx faced its first major stress test. As STRC experienced its largest drawdown in history and apxUSD traded below NAV, the event exposed both strengths and weaknesses across the protocol. We've published a full post-mortem covering what happened, lessons learned, community concerns, and the concrete steps we're taking to strengthen Apyx going forward. Read the full report. 👇 📖 https://blog.apyx.fi/post-mortem/

We've updated our Accountable dashboard with a more detailed breakdown of Apyx reserves, giving users greater visibility into the assets backing the protocol. You'll now find expanded reserve information and improved transparency around collateral composition. We also resolved the display issue that briefly caused incorrect NAV data to appear yesterday. The dashboard is now reporting correctly. More transparency and reporting improvements are already in the works and will be rolling out this week. Check it out below: https://accountable.apyx.fi/

🚨Weekend Liquidity Is Live One of the biggest issues this week was the overnight and weekend liquidity gap. When U.S. equity markets close, the protocol can't sell STRC to match redemptions. Example: On Tuesday night STRC closed around $96 and apxUSD continued trading on Curve through the overnight session. Without the ability to sell STRC and deploy the proceeds into the pool, apxUSD traded down to $0.90, well below where the NAV actually was. If equity markets had been open, we could have sold STRC proportionally, converted to USDC, and added liquidity to absorb the selling pressure. That gap between crypto's 24/7 market and TradFi's 8-hour trading day was the single biggest driver of the wicks this week, and we've now implemented a solution. We've deployed a hedging system that allows us to manage the protocol's STRC exposure even when equity markets are closed. This means we can now quote and process redemptions over weekends and overnight, which should significantly reduce the after-hours wicks we saw earlier this week. Limit orders are live on Kyber and CoW right now, and we'll continue to reload them throughout the weekend as they get filled. Spreads will tighten further on Monday once equity markets reopen. This is a v1 of the system and we'll continue to refine it over the coming weeks, but the core problem of weekend/overnight liquidity gaps is now being actively addressed. This is the first of several changes coming following this week's market volatility. The thesis hasn't changed and neither has our commitment to bringing digital credit yield onchain.

To protect existing users and ensure all holders are treated fairly, the Apyx team has temporarily removed most protocol-owned liquidity from secondary markets while U.S. equity markets are closed. This decision is driven entirely by the fact that STRC does not trade over the weekend. As a result, the protocol cannot actively manage its exposure or transact in the underlying asset until markets reopen. Maintaining normal liquidity during this period could create situations where secondary market prices diverge materially from the value of the underlying collateral. In extreme scenarios, this could result in transactions that disproportionately benefit or harm certain users at the expense of others. Our goal is to ensure all users have access to the same underlying NAV and are treated equitably. We currently intend to restore liquidity before U.S. markets open on Monday, June 8, at which point normal market operations will resume. We appreciate the community's patience and understanding.

We've gotten a lot of questions over the last few days about STRC, apxUSD, the peg, collateralization, Morpho markets, and how the protocol is handling recent volatility. We appreciate everyone who's reached out, asked questions, challenged assumptions, and helped keep the discussion productive. Transparency is incredibly important to us, and we'll continue doing our best to communicate clearly and quickly, especially during periods like this. To address many of the questions we've been seeing, we put together a detailed article covering: • STRC volatility and what it means for apxUSD • How peg stability works • Reserve composition and collateralization • Morpho liquidation mechanics • Common misconceptions we've seen circulating • How the protocol is designed to perform during periods of stress If you've had questions recently, there's a good chance they're covered.👇 https://x.com/apyx_fi/status/2062274212912566410

🚨 Season 2 Pips Incentives Updated 🚨 We've refreshed several Season 2 multipliers to better align rewards with the activities that help grow the Apyx ecosystem . Key updates: 🔥 Commit apxUSD remains the highest earning position at 196x 🔥 Pendle YT-apxUSD remains one of the highest earning opportunities at 128x 🔥 Supported Morpho supply markets now earn 40x 🔥 Supported Morpho vaults now earn 44x 🔥 BNB Chain Pendle markets are now eligible for Pips 🔥 Hold apxUSD has been adjusted from 40x → 8x These changes place greater emphasis on liquidity provision, capital efficiency, and participation across the broader Apyx ecosystem. As always, rewards can be stacked across multiple strategies and positions. 📖 Full details and updated documentation: https://docs.apyx.fi/apyx-overview/apyx-pips-points-program 🎯 Track your Pips and manage positions: https://app.apyx.fi/rewards

Apyx Pips Program Update 🚨 The highest points multiplier in Season 2 just got even higher. Users can now earn up to a 196x Pips multiplier by committing apxUSD, making it the single most rewarding multiplier currently available in the Apyx ecosystem. :fire: If you're looking to maximize your APYX allocation, this is now one of the most powerful ways to earn Pips. • Up to 196x multiplier • Available now • Applies to committed apxUSD positions Start committing today. 👇 https://app.apyx.fi/deposit

@everyone New Pendle Markets Are Live! 🚨ght: Fresh August 27, 2026 expiry markets for both apxUSD and apyUSD are now available on Pendle. Looking to maximize your Season 2 Pips? 🔥 YT-apxUSD: 128x Points Multiplier 🔥 YT-apyUSD: 52x Points Multiplier 🔥 apxUSD Pendle LP: 100x Points Multiplier 🔥 apyUSD Pendle LP: 32x Points Multiplier Whether you're looking to lock in fixed yield with PTs, amplify your exposure through YTs, or earn boosted rewards as an LP, these new markets provide additional ways to access onchain digital credit yield. 🔴 apxUSD Markets • PT-apxUSD (~12.5% APY) https://app.pendle.finance/trade/markets/0xc3e6cc9269dc780e0d55512c46cad1dd29cfbaa5/swap?view=pt&chain=ethereum • apxUSD LP (~33% APY + 100x Points Multiplier) https://app.pendle.finance/trade/pools/0xc3e6cc9269dc780e0d55512c46cad1dd29cfbaa5/zap/in?chain=ethereum 🔴 apyUSD Markets • PT-apyUSD (~18% APY) https://app.pendle.finance/trade/markets/0x30bb9ee8dc6aab322dc3a0d36063cbf06a9e5952/swap?view=pt&chain=ethereum • apyUSD LP (~12.3% APY + 32x Points Multiplier) https://app.pendle.finance/trade/pools/0x30bb9ee8dc6aab322dc3a0d36063cbf06a9e5952/zap/in?chain=ethereum 📈 Get positioned early.

🔓 apyUSD Unlocks Upgraded Users can now unlock early with dynamically declining fees. New unlock flow: • Receive an Unlock Receipt NFT when initiating an unlock • Claim underlying assets after 3 days • 3.5% fee at day 3, declining linearly to 0.1% over time Benefits: • Exit faster if liquidity is needed • Queue multiple unlocks simultaneously • More flexibility and optionality As STRC transitions toward more frequent distributions, unlock windows are expected to shorten further over time. Applies only to new unlocks initiated going forward.

Apyx is now LIVE on BNB Chain. 🚀 Both apxUSD and apyUSD are officially deployed on BNB Chain, expanding onchain digital credit yield to one of the largest ecosystems in crypto. 🔴 apxUSD https://bscscan.com/address/0x6b3788Fd6604BBF03c5378D24e57BB334BAAD4aF 🔴 apyUSD https://bscscan.com/address/0xa14556f13516C53FF035858Ffd21E1625e7EADfd Users can now: • Bridge directly via Transporter (https://transporter.io) • Swap cross-chain directly in the Apyx app (https://app.apyx.fi/swap) Additionally, the first BNB Chain liquidity pool is now live via PancakeSwap. 🥞 🔴 apxUSD-USDT Pool https://pancakeswap.finance/liquidity/pool/bsc/0x38D1fD165fc79B82BB9450c2d369489b555B7DcD The expansion of onchain digital credit yield continues. 📈

Today, we’re making history yet again. 🔴 $APYX TGE & airdrop: Oct. 13 🔴 Season 2 ends: Oct. 11 🔴 Season 2 rewards increased from 4% → 6% of total APYX supply That means Season 2 rewards are now BIGGER than Season 1, all made possible because Apyx took ZERO VC dollars. No VC funding to build the protocol. No token deals to attract TVL. No insider allocations sitting ahead of the community. Apyx grew because users believed in onchain digital credit yield and helped bootstrap the protocol from day one. That’s why we’re able to increase Season 2 rewards from 4% → 6% and give more back to the community. Most DeFi protocols take 1+ years to reach TGE. Apyx is doing it in just ~7 months from launch, Feb. 27 → Oct. 13. And instead of cutting community rewards ahead of TGE, we INCREASED them. Historic. Read the full Season 2 breakdown below, including updated multipliers, loyalty boosts, and more. 👇 https://blog.apyx.fi/season-2-is-here-new-multipliers-a-loyalty-boost-even-more-tokens-up-for-grabs/