Apyx: Launches Apyx 2.0 to Redesign Its Capitalization Framework
Svmuu News: According to an official announcement from Apyx, during the recent downturn in the Bitcoin market, STRC hit its largest-ever drop, causing the secondary market price of apxUSD to fall to $0.90. Throughout the incident, the protocol remained solvent, and no bad debts were incurred in the Morpho lending market. In response to issues exposed during this stress test—including inaccuracies in overnight liquidity and net asset value (NAV) displays—Apyx has officially launched Apyx 2.0. This version introduces two independent metrics: Redemption Value and Total Collateral Value, to eliminate the first-mover arbitrage opportunities associated with NAV-based redemptions. Additionally, Apyx 2.0 will launch a new RFQ redemption system, allowing approved counterparties to execute redemptions through competitive bidding against the reserve. The team has also committed to issuing a public status update within two hours if apxUSD deviates from NAV by more than 2% in the future.
Source:Odaily · Source Link
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