apxUSD

APXUSD Price

About apxUSD (APXUSD)

apxUSD is a dividend-backed synthetic dollar protocol that converts off-chain dividend cash flows from Digital Asset Treasuries (DATs) into on-chain yield.

• The protocol utilizes preferred equity issued by publicly-listed companies as collateral to back its digital dollar.
• Users can stake apxUSD into apyUSD vaults to access enhanced yields derived from diversified digital credit positions.
• Risk management includes daily Net Asset Value (NAV) reporting, automated rebalancing, and protocol-owned liquidity buffers.

What Is apxUSD

apxUSD is a synthetic dollar designed for stability and liquidity across decentralized finance (DeFi) and centralized finance (CeFi). It is backed by over 100% collateral in preferred shares of Digital Asset Treasuries, which are companies holding digital assets and issuing monthly dividend-paying preferred stock. apxUSD serves as a liquidity layer, while its yield-bearing counterpart, apyUSD, captures the underlying dividend streams. The ecosystem scales by acquiring more preferred equity from DATs, increasing the collateral base and yield potential as the protocol grows.

What Makes apxUSD Unique

• Dividend-backed collateral: Unlike traditional Stablecoins backed by fiat or crypto-assets, apxUSD is collateralized by preferred equity dividends from public companies.
• Strategic partnerships: The protocol is supported by DeFi Development Corp. (Nasdaq: DFDV), the first Solana-based Digital Asset Treasury.
• Multi-layered risk framework: Features daily monitoring, issuer concentration thresholds, and theta-minimized gamma hedging strategies using put options.

What Can You Use apxUSD for?

apxUSD is pegged to the US Dollar.

• Value retention: apxUSD provides a digital, on-chain representation of the US Dollar, allowing users to maintain value while reducing exposure to broader cryptocurrency market volatility.
• Yield generation: Users can lock apxUSD in apyUSD vaults to earn yields from underlying dividend-paying preferred stock and treasuries, though the source does not specify native yield for the base apxUSD token.
• Cross-border settlement / value transfer: The asset enables frictionless international transfer of US Dollar value across supported blockchain networks like Ethereum, Base, and BNB Chain.
• Collateralization: apxUSD is designed for use as collateral in lending pools and as margin for various trading markets within the DeFi ecosystem, similar to the utility of assets like USD₮.

How Does apxUSD Work?

The protocol acquires preferred shares from DATs and converts the off-chain monthly cash dividends into on-chain yield for the apyUSD vault. An automated system manages the collateral basket based on liquidity thresholds and issuer concentration to maintain apxUSD's peg and overcollateralization. As an application utility token, its fees are described as protocol service fees rather than network gas.

Team Info and Investors

Apyx is founded by Joseph Onorati, former Chief Strategy Officer at Kraken, and Parker White, CFA, who serves as Chief Investment Officer and COO at DeFi Development Corp. The team includes other industry veterans such as John Han, CFA, formerly of Binance and Kraken, and Pete Humiston, former CMO at DeFi Development Corp. The protocol is supported by strategic partners including DeFi Development Corp. (Nasdaq: DFDV), Strive, and Strategy.

Where can you buy apxUSD?

APXUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade apxUSD is Curve (Ethereum), where the most active trading pair APXUSD/USDC has a trading volume of $2,519,361.75 in the last 24 hours. Other popular options include Uniswap V4 (Ethereum) and PancakeSwap V3 (Ethereum).

What is the daily trading volume of apxUSD (APXUSD)?

The trading volume of apxUSD (APXUSD) is $5,530,102.06 in the last 24 hours, representing a -62.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for apxUSD (APXUSD)?

apxUSD (APXUSD) reached an all-time high of $1.11 and an all-time low of $0.6995. It’s now trading -33.00% below that peak and 6.70% above its lowest price.

What is the market cap of apxUSD (APXUSD)?

Market capitalization of apxUSD (APXUSD) is $286,008,090 and is ranked #136 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of APXUSD tokens (380 Million tokens are tradable on the market today).

What is the fully diluted valuation of apxUSD (APXUSD)?

The fully diluted valuation (FDV) of apxUSD (APXUSD) is $286,008,090. This is a statistical representation of the maximum market cap, assuming total number of 380 Million ETH tokens are in circulation today.

How does the price performance of apxUSD compare against its peers?

With a price decline of -17.30% in the last 7 days, apxUSD (APXUSD) is underperforming the global cryptocurrency market which is down -5.30%, while underperforming when compared to similar Stablecoins cryptocurrencies which are down -0.10%.

How to add apxUSD (APXUSD) to MetaMask?

Adding apxUSD (APXUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import APXUSD as a token. You can copy APXUSD’s contract address (0x98a878b1cd98131b271883b390f68d2c90674665) and import it manually, or if you've installed MetaMask's chrome extension, add APXUSD to MetaMask with one click on CoinGecko.

Add APXUSD to MetaMask.