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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.
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Trading Insights
Market Stats
Market Cap
$411.75M
3.76%
FDV
Not enough data
Circ. Supply
412M APXUSD
Max Supply
Not enough data
Total Supply
412M APXUSD
Diluted Valuation
$411.74M
Performance
Popularity
Not enough data
Dominance
0.02%
Volume (24H)
$37.51M
42.87%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1
Price Change (1Y)
Not enough data
0.03%
Additional details
Market details
APXUSD vs markets
↗ 24.05%
APXUSD vs BTC
↗ 30.25%
APXUSD vs ETH
↗ 15.61%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x98A878b1Cd98131B271883B390f68D2c90674665 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.9998 | |
1 Day | $0.9998 | |
1 Week | $0.9999 | |
1 Month | $0.9999 | |
1 Year | $0.00 |
FAQ
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Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#910
Contributors
58
Posts
87
% About apxUSD
0.012%
Articles
0
X (Twitter)
35% bullish
Sentiment
4.9 ★
Highlights
58 unique individuals are talking about apxUSD and it is ranked #910 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, apxUSD has an average sentiment score of 4.9 out of 5. Finally, apxUSD is becoming less newsworthy, with 0 news articles published about apxUSD.
On Twitter, people are mostly neutral about apxUSD. There were 37.84% of tweets with bullish sentiment compared to 8.11% of tweets with a bearish sentiment about apxUSD. 62.16% of tweets were neutral about apxUSD. These sentiments are based on 80 tweets.
On Reddit, apxUSD was mentioned in 4 Reddit posts and there were 28 comments about apxUSD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.
