Apyx delays the TGE of its APYX token, increasing the Season 2 airdrop allocation from 6% to 9%

USD stablecoin protocol Apyx announced in a statement that the Token Generation Event (TGE) for its APYX token, originally scheduled for October 13, has been delayed, with no new date disclosed yet. The project team said the extra time will be used to strengthen its core protocol and expand Apyx into a more comprehensive Real World Asset (RWA) ecosystem. Apyx noted that recent STRC has seen its longest and sharpest drawdown since issuance. While the protocol’s operations remain unaffected, the event exposed that digital credit assets have higher volatility than previously anticipated, requiring further improvements to risk management. Additionally, multiple traditional financial institutions have reached out proactively, seeking to tokenize other real-world assets via Apyx’s infrastructure, prompting the team to re-evaluate the project’s development direction. Going forward, Apyx will further optimize apxUSD and apyUSD, including reducing the transmission of underlying asset volatility to holders, enhancing risk-adjusted returns, and expanding to more chains and use cases. The protocol also plans to extend custody, asset verification, on-chain Net Asset Value (NAV), redemption mechanisms, and compliance infrastructure to more RWA assets. The Apyx Pips Campaign will continue running: Season 2 will not end as originally scheduled on October 11, and point accumulation will remain uninterrupted. Due to the extended campaign period, Season 2’s airdrop allocation ratio will be increased from 6% to 9%, with the new end date to be announced alongside the TGE date. All allocations from Season 1 and Season 2 will remain fully unlocked at TGE.