# 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 ended on May 22, 2026. Season 2 started on May 23, 2026, and will run until October 11, 2026. 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. ### Referrals 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 %} ## Season 2 Details 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 total APYX supply** allocated to early participants. Now, Season 2 begins, and in a rare move for DeFi, the reward pool is getting *larger*, not smaller. Season 2 allocates: * 6,000,000 APYX * 6% of total APYX supply * Bringing total community allocation across Seasons 1 & 2 to 11% of supply before TGE Unlike many DeFi protocols, Apyx raised **zero venture capital**. There are: * No private investor unlocks * No VC token overhang * No discounted insider allocations ahead of users Apyx grew because users believed in the future of **onchain digital credit yield** and deployed capital accordingly. Season 2 is designed to reward that conviction. ## How Season 2 Works Pips accrue daily based on the USD value of your eligible positions multiplied by the corresponding multiplier. ``` Pips = USD Value × Multiplier ``` Season 1 Pips carry forward automatically. Beginning **May 23, 2026**, all accrual transitions to the new Season 2 multipliers. Your total Season 2 Pip balance determines your share of the **6,000,000 APYX** Season 2 allocation. ## The Season 1 Loyalty Boost If you participated in Season 1, every Pip earned during Season 2 receives a 1.2x Loyalty Multiplier. There is: * No minimum threshold * Nothing to claim * No extra action required If your wallet was active during Season 1, the boost is applied automatically across all eligible Season 2 earning activity. This applies to holding, Pendle, Curve, lending, Royco positions. The loyalty boost exists to reward the earliest supporters of the protocol. ## Ways To Earn Pips Season 2 introduces refreshed multipliers and expanded earning opportunities across DeFi. You can stack multiple strategies simultaneously. ### Holding & Commitment The simplest way to earn Pips. While basic holding earns a modest rate, users willing to commit capital can earn substantially higher multipliers. | Position | Multiplier | | ------------------------ | ---------- | | Hold apxUSD | 8x | | Hold apyUSD | 4x | | Commit apxUSD | 196x | | Hold Senior Royco apyUSD | 4x | | Hold Junior Royco apyUSD | 4x | apxUSD and apyUSD held on supported chains earn Pips. Commitments continue to earn the highest multiplier in the program. ### Curve Liquidity Providing liquidity earns enhanced rewards in exchange for taking on LP risk. | Pool | Multiplier | | ---------------------- | ---------- | | Curve apxUSD/USDC LP | 60x | | Curve apyUSD/apxUSD LP | 24x | ### Pendle Pendle remains one of the highest-weight earning categories in the program, with Yield Tokens (YTs) and LP positions carrying some of the largest multipliers available. #### Yield Tokens (YT) | Position | Multiplier | | ---------------------- | ---------- | | YT apxUSD | 128x | | YT apyUSD | 52x | | YT Senior Royco apyUSD | 52x | | YT Junior Royco apyUSD | 52x | #### Liquidity Provision (LP) | Position | Multiplier | | ---------------------- | ---------- | | LP apxUSD | 100x | | LP apyUSD | 32x | | LP Senior Royco apyUSD | 32x | | LP Junior Royco apyUSD | 32x | Supported apxUSD Pendle markets on Ethereum, Base, and BNB Chain earn the same rates. Legacy Pendle markets continue earning under their respective Season 2 multipliers. ### Lending & Vaults Borrow-side activity earns Pips across supported lending venues. #### Morpho Supply Markets | Activity | Multiplier | | --------------------------------- | ---------- | | apxUSD to supported markets | 40x | | apxUSD/PT-apyUSD-18JUN2026 Supply | 40x | | apxUSD/PT-apxUSD-18JUN2026 Supply | 40x | | apxUSD/apyUSD Supply | 40x | #### Vaults | Activity | Multiplier | | ------------------------------ | ---------- | | Alpha APXUSD V2 Vault Deposit | 44x | | Hyperithm apxUSD Vault Deposit | 44x | On lending markets, the borrow side earns Pips. Standard asset supply does not earn Pips unless explicitly listed above as a supported supply market or vault. ## What Changed From Season 1 Season 2 introduces several major upgrades: * Bigger Reward Pool * Season 1: 5% of APYX supply * Season 2: 6% of APYX supply * Total distributed before TGE: 11% * Liquidity Earns More * Curve LP multipliers increased across both pools. * Lending Is Now Weighted * Borrowing activity now earns meaningful Pips as apxUSD expands across DeFi. * Royco Tranches Included * Senior and Junior Royco positions now fully participate in rewards. * Loyalty Boost Added * Season 1 participants receive a 20% boost on all Season 2 Pips earned. ## Timeline | Event | Date | | ------------------ | ---------------- | | Season 2 Begins | May 23, 2026 | | Season 2 Ends | October 11, 2026 | | APYX TGE & Airdrop | October 13, 2026 | There is no gap between seasons. Positions continue accruing seamlessly into Season 2. ## Pendle Market Rollovers Current Pendle markets will mature shortly after the season transition. New markets will go live before maturity. To continue earning uninterrupted: 1. Exit maturing markets 2. Roll into the new Pendle markets 3. Continue accruing Season 2 rewards ## APYX Token Utility The APYX Token Generation Event (TGE) takes place on **October 13, 2026**. Following TGE, APYX holders will gain access to two staking systems: ### xAPYX (APYX-Denominated Staking Yield) Users stake APYX and receive xAPYX. Protocol revenue is used to buy APYX on the market and feed it back into the staking vault. Result: * xAPYX appreciates versus unstaked APYX over time * Yield compounds directly in APYX ### yAPYX (Dividend-Bearing APYX Vault) Users stake APYX and receive yAPYX. Protocol revenue accrues in apxUSD and is distributed to yAPYX holders as dividends. This extends the core Apyx model of dividend-backed digital credit directly to APYX stakers. ## Final Notes Season 2 represents the next phase of the Apyx ecosystem: * Larger rewards * Expanded DeFi integrations * Higher liquidity incentives * Lending expansion * Loyalty-based rewards * APYX TGE approaching in October Deploy capital. Deepen apxUSD adoption across DeFi. Let the multipliers work. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.apyx.fi/apyx-overview/apyx-pips-points-program.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. 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