yAPYX
yAPYX is the Dividend-Bearing Staking Vault for APYX holders.
What is yAPYX?
yAPYX is the dividend-bearing APYX staking vault.
Users deposit APYX into the vault and receive yAPYX in return. As protocol revenue accrues, the vault accumulates apxUSD and distributes it to yAPYX holders as dividends.
In simple terms:
Stake APYX. Earn dollar-denominated dividends in apxUSD.
yAPYX is designed to extend the core Apyx model, a dividend-backed protocol, directly to APYX holders.
How yAPYX Works
Stake APYX
Receive yAPYX
Protocol revenue accrues to the vault
Revenue is accumulated in apxUSD
apxUSD is distributed to yAPYX holders as dividends
Unlike xAPYX, where rewards compound in APYX itself, yAPYX distributes yield in stablecoin form.
Why Stake Into yAPYX?
yAPYX may be best suited for users who want:
Predictable dollar-denominated yield
Exposure to protocol cash flow
Stablecoin dividends instead of APYX compounding
Long-term APYX governance participation while generating income
This makes yAPYX the natural option for users who prioritize cash flow generation over maximizing APYX exposure.
yAPYX vs. xAPYX
Apyx offers two staking vaults for APYX holders:
xAPYX
APYX
Users who want compounded APYX exposure
yAPYX
apxUSD
Users who want stablecoin dividends
Both vaults receive exposure to protocol revenue.
The difference is entirely about:
How rewards are paid
What type of exposure users want
Users bullish on APYX appreciation may prefer xAPYX.
Users seeking predictable digital credit cash flow may prefer yAPYX.
Transferability
yAPYX is designed to be transferable across DeFi.
Apyx plans to integrate yAPYX across:
Lending markets
Collateral venues
Pendle
Additional DeFi applications
This allows users to maintain productive staking positions while still participating across the broader DeFi ecosystem.
Cooldown Period
yAPYX includes a 7-day cooldown.
Users entering the vault commit to a one-week unbonding period when exiting in exchange for access to protocol revenue sharing.
Governance Rights
Staking into yAPYX does not reduce governance participation. yAPYX holders maintain voting power based on the amount of APYX staked in the vault. The decision between xAPYX and yAPYX is about yield preference, not governance rights.
Protocol Revenue & Staker Alignment
At launch, more than 50% of total APYX supply is intentionally non-staking by design.
This includes:
Foundation allocations
Undistributed future airdrops
Growth reserves
These allocations do not participate in staking rewards.
As a result, the portion of protocol revenue allocated to stakers is shared among a smaller active staking base, increasing the effective share earned by participating stakers.
Summary
yAPYX is the dividend-bearing staking vault for APYX holders.
Stake APYX, receive yAPYX, and earn protocol revenue distributed in apxUSD.
For users who want stablecoin-denominated cash flow backed by the growth of onchain digital credit yield, yAPYX is designed to be the natural staking choice.
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