Apyx Announces APYX TGE Postponement, Season 2 Airdrop Allocation Increased from 6% to 9%

Apyx announced that the APYX governance token generation event (TGE), originally scheduled for October 13, will be postponed, with the new TGE date yet to be announced. Apyx stated that STRC recently experienced its deepest and longest-lasting drawdown since issuance. Although mechanisms such as the protocol's on-chain net asset value (NAV) disclosure, minting, and redemption are functioning normally, stress testing has revealed previously unaddressed issues regarding the volatility of digital credit assets, necessitating further improvements to the core protocol. Meanwhile, Apyx noted that several traditional credit market institutions have recently approached them, expressing interest in leveraging their infrastructure to bring assets on-chain. This has prompted the team to plan an expansion of Apyx from digital credit to a broader RWA platform.