1/
Apyx, post‑verification for trust recovery disclosed
apxUSD fell temporarily to $0.90.
This is quite significant.
However, the protocol itself did not collapse instantly, and no bad debt appeared in the Morpho market,
and the unlock design functioned in a way that prevented attachment disputes.
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2/
This event is not the end of Apyx, but a stress test that visualized the limits and improvement points of its design.
Issues such as STRC dependence, overnight liquidity, NAV display, and communication surfaced.
However, presenting them openly and offering remediation measures should be regarded as a step toward trust recovery.
Recently trading on perp has become tiring, so here's something different 🙄
This is not trading; you can earn points by providing liquidity, etc.
⬇
・apxUSD Hold: 10x
・apxUSD Commit: 20x
・Pendle YT-apxUSD Hold: 32x
・Pendle LP provision: up to 24x
See palpal’s quoted post for details.
The initial point program ends on May 23, so I’ll set up roughly $1,000 worth of LP for now 🥱
That said, DeFi-related hacks have been frequent lately, so DYOR 😎
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