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
Stake APYX
Receive xAPYX
The vault accumulates additional APYX through protocol revenue
xAPYX appreciates against APYX over time
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:
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.
Last updated