> For the complete documentation index, see [llms.txt](https://docs.apyx.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.apyx.fi/product-overview/apyx/xapyx.md). # xAPYX ### What is xAPYX? xAPYX is the APYX staking vault for users who want their protocol rewards denominated in **APYX**. Users deposit APYX into the xAPYX vault and receive xAPYX in return. As protocol revenue accrues, the vault uses its share of revenue to buy APYX and feed it back into the vault. Over time, this causes the xAPYX exchange rate to appreciate relative to unstaked APYX. ### How xAPYX Works 1. Stake APYX 2. Receive xAPYX 3. The vault accumulates additional APYX through protocol revenue 4. xAPYX appreciates against APYX over time 5. When you unstake, you receive your share of the APYX in the vault In simple terms: > xAPYX is designed for users who want to compound their APYX exposure. ### Why Stake Into xAPYX? xAPYX may be best suited for users who are bullish on APYX long-term and prefer to earn more APYX rather than dollar-denominated dividends. If APYX appreciates over time, users staking into xAPYX benefit from both: * Exposure to APYX price appreciation * Additional APYX accumulation through the vault ### xAPYX vs. yAPYX Apyx offers two staking vaults for APYX holders: | Vault | Yield Denomination | Best For | | ----- | ------------------ | ------------------------------------------- | | xAPYX | APYX | Users who want to compound APYX exposure | | yAPYX | apxUSD | Users who want dollar-denominated dividends | Both vaults give users exposure to protocol revenue. The difference is how that yield is delivered. ### Transferability xAPYX is designed to be a transferable token. This means staked APYX positions do not necessarily have to sit idle. Apyx plans to integrate xAPYX across DeFi, including collateral markets, lending venues, Pendle, and other applications. ### Cooldown Period xAPYX has a 7-day cooldown when users want to exit. This means users commit to a one-week unbonding period in exchange for access to protocol revenue. ### Governance Staking into xAPYX does not reduce governance power. Users receive voting weight based on the amount of APYX they stake. Since xAPYX compounds APYX inside the vault over time, voting power may also compound as the vault accumulates more APYX. ### Summary xAPYX is the APYX staking vault for users who want to earn protocol revenue in APYX. Stake APYX, receive xAPYX, and let the vault compound APYX exposure over time. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.apyx.fi/product-overview/apyx/xapyx.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.