Apyx Launches Apyx 2.0 to Redesign Capital Framework, Introduces Dual-Metric Redemption System

According to Apyx's official announcement, the protocol has released Apyx 2.0 recently to address liquidity and net asset value (NAV) accuracy issues exposed during recent market stress when apxUSD dropped to $0.90 during Bitcoin's downturn. The protocol remained solvent throughout the episode with no defaults on the Morpho lending market.

Apyx 2.0 introduces two independent metrics—redemption value and total collateral value—to eliminate first-mover arbitrage advantages inherent in NAV-based redemptions. The update also includes a new RFQ (request for quote) redemption system allowing approved counterparties to bid on redemptions around reserves. Apyx has committed to publishing a public status update within 2 hours if apxUSD deviates from NAV by more than 2%.