What is apxUSD?

Apyx is a stablecoin protocol founded to leverage dividend-bearing preferred equity from publicly-listed companies that hold digital assets. The primary token, apxUSD, is a synthetic dollar backed by more than 100% collateral in these preferred shares. Its focus is on providing liquidity for decentralized and centralized finance without directly offering yield.

The protocol features a secondary token, apyUSD, which functions as an ERC-4626 vault allowing users to enhance yield through the underlying dividend streams. Risk management practices include daily reporting of net asset value, automated rebalancing based on issuer concentration and liquidity, stress testing for adverse conditions, and maintaining an additional liquidity buffer for overcollateralization. DeFi Development Corp. is identified as a core strategic partner in this initiative.