# Apyx Pips (Points Program) Apyx Pips is the points program for Apyx. A Pip is equivalent to a point and represents your participation and engagement within the ecosystem. The Apyx Pips campaign is designed to reward participation across key activities within the Apyx ecosystem, including on-app usage and DeFi liquidity engagement. Pips are earned through qualifying actions such as holding, locking, committing assets, providing liquidity, or trading yield-based tokenized products. Season 1 of the Apyx Pips campaign will run until either 12 weeks have elapsed (May 22, 2026) or the apxUSD supply reaches $1 billion, whichever comes first. For any and all updates regarding Apyx Pips, please refer to our Twitter or Discord. * Twitter: * Discord: {% hint style="info" %} Participation is restricted for users in certain jurisdictions, including the United States, the European Union, the European Economic Area and any sanctioned jurisdiction. Users in those jurisdictions will not be able to access the relevant parts of the Apyx web application, including the dApp interface. {% endhint %} ### How It Works The Apyx Pips campaign is organized into seasons, each of which is divided into multiple short-duration phases called "epochs." Epochs progress as the project reaches key milestones, marking each new phase of development. The campaign operates on a multiplier-based framework: for each eligible activity, points are awarded based on the USD value of the activity performed. With the exception of referrals, each activity earns pips daily. These incentives are intentionally designed for long-term participants and genuine users of the protocol, not participants seeking a short-term airdrop with a fast exit. The Apyx Pips campaign is built for users who seek to engage with the ecosystem, deploy capital, and participate over time. To preserve the integrity of the program and ensure fair distribution, any attempt to exploit, manipulate, or game the system may result in the removal of points or full disqualification. ### Earning Pips (Season 1) Pips are calculated as **USD value of eligible position × multiplier**. Approximately 5% of total APYX supply, or **5,000,000 APYX**, is reserved for eligible Season 1 participants. Track your Pips, commit positions, and manage unlocks in the [Rewards tab](https://app.apyx.fi/rewards). {% hint style="info" %} **Season 1 ends when either:** apxUSD supply hits $1B, or 12 weeks elapse from February 27, 2026. {% endhint %} ### Hold, Lock, Commit **Protocol: Apyx** | Action | Multiplier | Notes | | -------------------------------------------- | ---------- | --------------------------------------------------------- | | [Hold apxUSD](https://app.apyx.fi) | **10x** | Includes apxUSD supplied to supported lending markets | | [Commit apxUSD](https://app.apyx.fi/rewards) | **20x** | 14-day unlock; multiplier removed immediately on uncommit | | [Lock apxUSD → apyUSD](https://app.apyx.fi) | **1x** | Base incentive, yield-bearing exposure | ### Liquidity Provision **Protocol: Curve Finance** {% hint style="warning" %} Simply providing liquidity does not earn Pips. LP tokens must be committed via the Apyx [Rewards tab](https://app.apyx.fi/rewards). {% endhint %} | Pool | Multiplier | | ---------------------------------------------------------------------------------------------------------------------------- | ---------- | | [apxUSD/USDC LP + Commit](https://www.curve.finance/dex/ethereum/pools/0xe1b96555bbeca40e583bbb41a11c68ca4706a414/deposit) | **12x** | | [apxUSD/apyUSD LP + Commit](https://www.curve.finance/dex/ethereum/pools/0x4c1044a1b6474486a88cdd6a3d40f839abdae283/deposit) | **6x** | ### Borrow **Protocol: Morpho** | Market | Multiplier | | --------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | | [Borrow apxUSD (apxUSD/apyUSD market)](https://app.morpho.org/ethereum/market/0xe23380494e365453f72f736f2d941959ae945773eb67a06cf4f538c7c4201264/apyusd-apxusd) | **5x** | ### Yield Tokenization **Protocol: Pendle Finance** | Position | Multiplier | | -------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | | [LP apxUSD Pendle market](https://app.pendle.finance/trade/pools/0x50dce085af29caba28f7308bea57c4043757b491/zap/in?chain=ethereum) | **24x** | | [LP apyUSD Pendle market](https://app.pendle.finance/trade/pools/0x3c53fae231ad3c0408a8b6d33138bbff1caec330/zap/in?chain=ethereum) | **11x** | | [Hold YT-apxUSD](https://app.pendle.finance/trade/markets/0x50dce085af29caba28f7308bea57c4043757b491/swap?view=yt\&chain=ethereum\&tab=info) | **32x** | | [Hold YT-apyUSD](https://app.pendle.finance/trade/markets/0x3c53fae231ad3c0408a8b6d33138bbff1caec330/swap?view=yt\&chain=ethereum\&tab=info) | **13x** | ### Referrals **Protocol: Apyx** Earn **5%** of your referred users' Pips, capped at 100% of your own Pips. No bonus is granted for using a referral link. [Generate your referral link →](https://app.apyx.fi/join) ### Tracking Your Pips Pips are tracked in the [Rewards tab](https://app.apyx.fi/rewards) of the Apyx frontend. The same tab is where you commit apxUSD and Curve LP tokens to apply the relevant multipliers. {% hint style="danger" %} Incentives are designed for long-term participants and genuine users of the protocol. Attempts to exploit, manipulate, or game the system may result in points removal or full disqualification. {% endhint %}