There may not be a more misunderstood instrument in the entire investment world right now than Strategy’s STRC preferred equity. Depending on who you ask, it is either a brilliantly engineered digital credit product designed for long-duration resilience, or a reflexive confidence scheme destined to implode the moment

When we launched the Apyx Pips program in March 2026, we made a simple promise: deploy capital, earn Pips, get airdropped APYX. Season 1 delivered on that promise, with 5% of the APYX token supply allocated to early participants. Now Season 2 begins, and in a rare move for DeFi,

The past several months have been demoralizing for DeFi. From the $292M Kelp DAO bridge exploit in April, to the $285M Drift Protocol breach also in April, and the $80M Resolv Labs minting attack in March, nearly $770M has been lost to exploits across major protocols so far in 2026.

On February 27, 2026, we launched the Apyx protocol points program with a simple promise: deploy capital, earn Pips, get airdropped APYX. With only 3 weeks left in Season 1, we want to give current and prospective users an idea of what to expect once the season ends on May

For the first time in DeFi, corporate dividend yield has officially been tranched onchain. Today, we're excited to announce that Apyx's apyUSD is live on Royco Dawn, marking the debut of the first structured tranche product built on a real-world, recurring corporate cash flow. This

At Apyx, the security of the protocol is not treated as a feature. It is a requirement. Every decision about how the protocol is secured, from who can execute a mint to who can upgrade a contract, was made with the assumption that any single point of control would eventually

Apyx is now leveraging Chainlink CCIP and Data Feeds to support the cross-chain expansion of apxUSD and apyUSD. This is an important step in strengthening the infrastructure needed for Apyx to expand beyond Ethereum and across more chains. The recently announced expansion to Base marked the first step in

In July 2025, Strategy quietly launched something that most of the financial world didn't know how to categorize. It wasn't a bond, equity, or even an ETF. Strategy launched STRC, a yield-bearing, Bitcoin-backed, monthly-paying preferred stock that has since grown into the apex

Gain access to leveraged PT exposure via Morpho

Apyx is now live on Base. This marks the first step in bringing Apyx beyond Ethereum, expanding access to onchain Digital Credit yield across a faster, lower-cost environment. Until now, Apyx has built its core liquidity and product foundation on Ethereum. That remains central to the protocol. But to

At Apyx, minting is not treated as a routine operational function. It is one of the protocol’s most sensitive control surfaces, and it is managed accordingly. The recent Resolv USR exploit — where an attacker minted 80M USR and drained $25M — is a reminder that operational security alone isn'

A new asset class is emerging at the intersection of Bitcoin and traditional credit markets: Digital Credit. At the center of this development sits STRC, a preferred security issued by Strategy that is rapidly becoming the apex form of digital credit backed by the ultimate apex asset: BTC. What makes

Institutional access to apxUSD has taken an important step forward.

Apyx is launching a new referral program designed around ongoing balance-based rewards rather than a simple points mechanic.

The Roles of apxUSD and apyUSD Most stablecoins like USDC and USDT do one job really well: they give you a dollar you can move around and use as money. But if you also want yield, things get messy fast. You either end up with incentives that feel bolted on,

Borrow apxUSD now against enhanced digital credit yield

Following Kraken’s recent partnership with Nasdaq to build infrastructure connecting tokenized equities with blockchain networks, Apyx is excited to announce a strategic partnership with Kraken and xStocks to help expand the adoption of tokenized equity products onchain while advancing our mission of bringing enhanced digital credit yield to decentralized

Recap Apyx is entering a new phase of DeFi expansion. apxUSD supply is approaching $43 million, while $21 million is locked in apyUSD. Around $7.5 million has been supplied as liquidity on Curve, and total liquidity deployed across Pendle markets has reached $7.2 million. Update As participation grows

Apyx Pips is the points program for Apyx. Simply put, a Pip is a point: it represents your participation and engagement across the Apyx ecosystem, both on-app and across DeFi liquidity venues. Pips earned will, at some point in the future, translate to APYX rewards, or the native governance

Trade tokenized Digital Credit income on Pendle markets today.

Token Structure, Float, and Reserve Growth

Intro On February 26, Apyx’s Pips Campaign begins, marking the official public launch of apxUSD. During the campaign, Pips track and represent how much each user contributes to the Apyx ecosystem over time. Recap: apxUSD and apyUSD apxUSD is a synthetic dollar backed by preferred shares issued by Digital