About 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.
Market Stats
Market Cap
£38.83M
10.76%
FDV
Not enough data
Circ. Supply
51M APXUSD
Max Supply
Not enough data
Total Supply
51M APXUSD
Diluted Valuation
£38.86M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£3.73M
263.43%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.7611
Price Change (1Y)
Not enough data
0.03%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of apxUSD has decreased by 0.40% in the last hour and decreased by 0.04% in the past 24 hours. apxUSD’s price has also fallen by 0.05% in the past week. The current price is £0.7544 per APXUSD with a 24-hour trading volume of £3.73M. Currently, apxUSD is valued at 0.89% below its all time high of £0.7611. This all-time high was the highest price paid for apxUSD since its launch.
The current circulating supply of apxUSD is 51,478,450 APXUSD which means that apxUSD has as total market cap of £38,833,313.85.
Market details
APXUSD vs markets
↗ 9.44%
APXUSD vs BTC
↗ 13.64%
APXUSD vs ETH
↘ 13.22%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x98A878b1Cd98131B271883B390f68D2c90674665 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.7544 | |
1 Day | £0.7554 | |
1 Week | £0.7512 | |
1 Month | £0.00 | |
1 Year | £0.00 |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.
