apxUSD
Apyx is the first dividend-backed stablecoin protocol. It acquires preferred shares issued by Digital Asset Treasuries (DATs); DATs are publicly listed companies that hold digital assets on their balance sheets and issue preferred shares that pay cash dividends monthly. Apyx uses these preferred shares as collateral and converts off-chain dividend cash flows into on-chain yield. The protocol has tokens.apxUSD is a synthetic USD, backed by more than 100%of DAT preferred share collateral. It does not directly pay yield and is designed to provide liquidity for DeFi and CeFi. apyUSD is a ERC-4626 vault, where users can lock apxUSD to earn enhanced yield from the underlying dividend stream. As dividends are paid, the value of apyUSD relative to apxUSD increases over time. The protocol manages risk through daily NAV reporting, automated rebalancing based on issuer concentration and liquidity thresholds, stress testing for drawdown and interest-rate-shock scenarios, and a protocol-owned liquidity buffer as additional overcollateralization.DeFi Development Corp. (Nasdaq: DFDV) is the first SOL Digital Asset Treasury and a core strategic partner.
Overview
Apyx is the first dividend-backed stablecoin protocol. It acquires preferred shares issued by Digital Asset Treasuries (DATs); DATs are publicly listed companies that hold digital assets on their balance sheets and issue preferred shares that pay cash dividends monthly. Apyx uses these preferred shares as collateral and converts off-chain dividend cash flows into on-chain yield. The protocol has tokens.apxUSD is a synthetic USD, backed by more than 100%of DAT preferred share collateral. It does not directly pay yield and is designed to provide liquidity for DeFi and CeFi. apyUSD is a ERC-4626 vault, where users can lock apxUSD to earn enhanced yield from the underlying dividend stream. As dividends are paid, the value of apyUSD relative to apxUSD increases over time. The protocol manages risk through daily NAV reporting, automated rebalancing based on issuer concentration and liquidity thresholds, stress testing for drawdown and interest-rate-shock scenarios, and a protocol-owned liquidity buffer as additional overcollateralization.DeFi Development Corp. (Nasdaq: DFDV) is the first SOL Digital Asset Treasury and a core strategic partner.