apyUSD

APYUSD Price

About apyUSD (apyUSD)

apyUSD is a yield-bearing vault token issued by the Apyx protocol that converts off-chain dividend cash flows from Digital Asset Treasuries into on-chain yield.

• The token follows the ERC-4626 standard and acts as a yield-bearing wrapper for apxUSD, a USD-denominated stablecoin.
• It is collateralized by preferred equity shares from publicly-listed Digital Asset Treasury companies such as Strategy (MSTR).
• Holders earn passive yield through an exchange rate appreciation mechanism similar to the savings mechanisms of other major DeFi protocols.

What Is apyUSD

apyUSD is the savings asset of the Apyx protocol, designed to transform dividends from real-world assets into programmable digital dollars. It is a synthetic asset that accrues value from dividends paid by Digital Asset Treasury (DAT) companies, which are publicly traded entities that hold digital assets and issue preferred stock.

Value moves through the system by bundling these diversified preferred shares and capturing their monthly dividend payments. The token is put to work by being held in the Apyx yield vault, where the accumulated cash dividends are distributed by increasing the apyUSD-to-apxUSD exchange rate over time. This mechanism allows the protocol to scale as it acquires more preferred equity from DATs, thereby increasing the underlying collateral base and yield potential for users as the ecosystem grows.

What Makes apyUSD Unique

• Dividend-backed backing: Unlike traditional stablecoins backed by fiat or crypto-collateral, apyUSD is supported by dividends from publicly-listed preferred equity.
• Institutional-grade transparency: The protocol provides daily updated Net Asset Value (NAV) dashboards and real-time visibility into the underlying exchange-listed securities.
• Nasdaq-listed support: Apyx is supported by DeFi Development Corp. (Nasdaq: DFDV), bringing a level of regulatory compliance and institutional oversight to the decentralized finance space.
• Passive yield mechanism: Users earn yield without the need for staking or manual claiming, as the exchange rate between apyUSD and apxUSD appreciates automatically.

What Can You Use apyUSD for?

apyUSD is pegged to the US Dollar.

1. Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to crypto-market volatility while maintaining purchasing power through yield.
2. Yield generation: Holders earn double-digit yields derived from dividends paid by publicly traded preferred equity shares and treasuries, according to protocol documentation. The yield is accrued passively through the appreciating value of the vault token relative to its base stablecoin.
3. Cross-border settlement / value transfer: apyUSD can be used for international remittances or global trade, enabling the frictionless transfer of US Dollar value across supported blockchain networks like Ethereum and Base.
4. Collateralization: The token is designed for use as backing in borrowing and lending protocols, such as Morpho, or as margin for derivatives within the DeFi ecosystem, as supported by the source.

How Does apyUSD Work?

The protocol functions by wrapping the non-yield bearing apxUSD stablecoin into the apyUSD vault, which follows the ERC-4626 standard for yield-bearing tokens. The underlying collateral consists of preferred shares from DAT companies that pay monthly cash dividends; these dividends are then used to increase the internal exchange rate of apyUSD. This system ensures that the value of apyUSD increases relative to apxUSD over time as dividends accumulate. As an application utility token, its transaction-related costs are categorized as protocol service fees rather than network gas.

Team Info and Investors

Apyx is led by a team of veterans from both crypto and traditional finance, including 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, while custody for underlying collateral is provided by Anchorage Digital and BitGo.

Where can you buy apyUSD?

APYUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade apyUSD is Curve (Ethereum), where the most active trading pair APYUSD/APXUSD has a trading volume of $2,854,325.29 in the last 24 hours. Other popular options include PancakeSwap V3 (Ethereum) and Uniswap V4 (Ethereum).

What is the daily trading volume of apyUSD (APYUSD)?

The trading volume of apyUSD (APYUSD) is $4,408,226.17 in the last 24 hours, representing a -52.90% 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 apyUSD (APYUSD)?

apyUSD (APYUSD) reached an all-time high of $1.52 and an all-time low of $0.9518. It’s now trading -32.00% below that peak and 8.30% above its lowest price.

What is the market cap of apyUSD (APYUSD)?

Market capitalization of apyUSD (APYUSD) is $125,471,838 and is ranked #219 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of APYUSD tokens (120 Million tokens are tradable on the market today).

What is the fully diluted valuation of apyUSD (APYUSD)?

The fully diluted valuation (FDV) of apyUSD (APYUSD) is $125,471,838. This is a statistical representation of the maximum market cap, assuming total number of 120 Million ETH tokens are in circulation today.

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

With a price decline of -15.00% in the last 7 days, apyUSD (APYUSD) is underperforming the global cryptocurrency market which is down -4.90%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add apyUSD (APYUSD) to MetaMask?

Adding apyUSD (APYUSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import APYUSD as a token. You can copy APYUSD’s contract address (0x38eeb52f0771140d10c4e9a9a72349a329fe8a6a) and import it manually, or if you've installed MetaMask's chrome extension, add APYUSD to MetaMask with one click on CoinGecko.

Add APYUSD to MetaMask.