apxUSD APXUSD
Rank #225$0.9997
-0.02%
CoinGecko · just now
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 liqu
Frequently Asked Questions about apxUSD
What is apxUSD (APXUSD)?
apxUSD (APXUSD) is a cryptocurrency that can be traded on various exchanges. It has a current market capitalization of $129.16M, making it one of the notable digital assets in the crypto market.
What is the current price of apxUSD?
The current price of apxUSD (APXUSD) is $0.9997. Prices update in real-time based on market activity across major cryptocurrency exchanges.
Where can I buy apxUSD?
You can buy apxUSD (APXUSD) on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Always use a reputable exchange and enable two-factor authentication to secure your account.
Is apxUSD a good investment?
Whether apxUSD is a good investment depends on your financial goals, risk tolerance, and research. Cryptocurrency markets are highly volatile. Always do your own research and consider consulting a financial advisor before investing.
