@apyx_fi The Ecosystem and Its Protocols/Tokens Apyx's structure is mainly divided into three main assets to balance stability, income generation and governance: 1. apxUSD (The Dollar) What it is: The native and overcollateralized stablecoin of the Apyx ecosystem, designed to maintain parity with the US dollar ($1). How it works: The ⁠apxUSD⁠ itself does not pay income natively. It was designed to be highly liquid, ideal for traders seeking to capture spreads, provide liquidity in decentralized brokerage pools (DEXs) or use it in loan pools (lending) without redemption locks. 2. apyUSD (The Yield Wrapper) What it is: The yield-bearing version of the ecosystem. It is the heart of Apyx's retail product. How it works: To get the ⁠apyUSD⁠, the user needs to lock their ⁠apxUSD⁠. This token concentrates the real dividends generated by the collateral basket of the protocol (composed of tokenized preferred shares of digital credit and treasury bonds). Profile: It is aimed at long-term investors who seek robust returns (usually in the double-digit range, oscillating historically between 11% and 20% APY depending on the time and collateralization). It has an unlock period of 20 days. 3. APYX (The Governance Token) - In release What it is: The native protocol governance token. How it works: It will give holders voting power over the direction of the ecosystem, collateral parameters and the allocation of Digital Treasury assets (DAT). In addition, APYX holders are expected to receive a percentage of the growth of protocol reserves monthly. Performance Mechanics and Leverage in DeFi The recent success of Apyx involves strong integrations in different layers of DeFi, creating what the market calls "income legos" (yield legos): Partnership with xStocks & Saturn Credit: Apyx operates by absorbing and tokenizing significant shares of shares focused on digital treasuries. The ecosystem is divided into risk quotas: the Senior quota (focused on more conservative and safe yields) and the Junior quota (where users assume more risk of volatility of the collateral in exchange for much higher returns and point multipliers). Pendle Finance: ⁠apyUSD⁠ exploded in popularity within Pendle, where users can separate the token into two parts: PT (Main Token, to ensure a predictable fixed rate of income) and YT (Yield Token, used by traders to speculate or leverage exposure to dividends and protocol points). Looping Strategies (Morpho): Bolder investors use protocols such as Morpho to deposit assets backed by the Apyx ecosystem, take loans in USDC at low rates and buy more income positions, creating loops that multiply base income expressively. Current Campaigns: Apyx Pips (Points) To encourage liquidity and prepare the launch of the governance token, the protocol uses Apyx Pips, its off-chain points program that measures the engagement and capital contributed by users. Season 1 recently ended on May 22, 2026. Season 2 began on May 23, 2026 and is scheduled to go until October 11, 2026. Users accumulate Pips by committing their ⁠apxUSD⁠ or liquidity tokens (such as Curve LPs) in the platform's rewards tab.