Apyx is not just a yield pool This is a narrative that combines Stablecoin RWA Dividend Yield On chain snapshot apyUSD Market Cap: ~$173M USDC/apxUSD (Orca) TVL: ~$1.01M LP APR (24h annualized): ~6.88% apyUSD/apxUSD TVL: ~$6.84M LP APR: ~$0.77% Operating model apyUSD -> Yield-bearing token apxUSD -> Token that maintains liquidity & peg Orca Pool -> Source of trading fees for LPs Being bullish is one thing Before allocating large capital, pay attention to The peg of apxUSD The spread between apyUSD and apxUSD Redeemability and real liquidity conditions Don’t just look at APY - evaluate the entire protocol mechanism