APYX, a Dividend-based Stable Protocol via DAT Preferred Stock Dividend Yields What is Apyx? - An RWA-type stablecoin protocol that converts 'dividend yields' generated off-chain into on-chain assets. - Issues two assets: apxUSD and apyUSD. - apxUSD is a synthetic dollar collateralized by dividend-based assets of DAT corporate preferred stocks (primarily a portfolio focused on STRC). - apyUSD is an income-generating ERC-4626 vault token received upon depositing apxUSD. Team Members and Figures - It seems to have started around early March, and deposits have slowly trended upward over the past month or so, with the current deposited amount reaching approximately 83 million. (DeFirama Link) - The team members' backgrounds, which can be verified on the website, are listed as former Kraken CSO, Kraken Engineering Director, Kraken Chief Strategy Officer, Kraken Head of Strategy, etc. It appears the team is largely composed of former Kraken employees. (Link) Regarding Points In the case of projects prior to TGE, one could aim for profits through tokens released later in addition to the APR provided internally. Apyx's points are called 'pips,' and 5% of the total tokens have been allocated during Season 1. Season 1 Period: Starts on February 27 ~ Season 1 ends when 12 weeks have passed or the apxUSD supply reaches 1B. Points can be earned by holding or locking up apxUSD, or by committing after providing liquidity (Details). Using pens is also, of course, possible. #Apyx #KOL