apxUSD APXUSD
Rank #122About apxUSD
Apyx is the first Dividend-Backed Stablecoin protocol. It acquires preferred equity issued by Digital Asset Treasuries (DATs), which are publicly-listed companies that hold digital assets on their balance sheets and issue preferred shares paying monthly cash dividends. Apyx holds these preferred shares as collateral and converts the offchain dividend cash flows into onchain yield.
The protocol has two tokens. apxUSD is a synthetic dollar backed by over 100% collateral in DAT preferred shares. It does not pay yield directly and is designed to provide liquidity across DeFi and CeFi. apyUSD is an ERC-4626 vault where users lock apxUSD to receive enhanced yield from the underlying dividend streams. As dividends are distributed, apyUSD increases in value relative to apxUSD over time.
The protocol manages risk through daily NAV reporting, auto-rebalancing based on issuer concentration and liquidity thresholds, stress testing across drawdown and rate shock scenarios, and a protocol-owned liquidity buffer that acts as additional overcollateralization. DeFi Development Corp. (Nasdaq: DFDV), the first SOL Digital Asset Treasury, is a core strategic partner.
apxUSD FAQ
What is apxUSD?
Apyx is the first Dividend-Backed Stablecoin protocol. It acquires preferred equity issued by Digital Asset Treasuries (DATs), which are publicly-listed companies that hold digital assets on their balance sheets and issue preferred shares paying monthly cash dividends. Apyx holds these preferred shares as collateral and converts the offchain dividend cash flows into onchain yield. The…
What is the current price of apxUSD?
The live price of apxUSD (APXUSD) is $0.9639, with a 24-hour change of -0.11%. Prices on this page update automatically about once a minute using CoinGecko market data.
What is the market cap of apxUSD?
apxUSD currently has a market capitalization of $317.92M, ranking #122 by market cap. Market cap is the coin price multiplied by its circulating supply and is a common way to compare the relative size of crypto assets.
Is apxUSD a good investment?
CryptoWatchHub provides market data and educational content only — not financial advice. apxUSD, like all crypto assets, is highly volatile and you can lose your entire investment. Always do your own research and consider consulting a licensed financial advisor before investing.
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