Apyx is the first dividend-backed stablecoin protocol, collateralizing apxUSD with preferred equity from Digital Asset Treasury companies to deliver double-digit on-chain yield via apyUSD.
Step 0 / 4Press Next to walk through how Apyx converts Strategy's on-listed STRC preferred-equity dividends into on-chain yield.
STRC isn't a free 11.5% yield. Strategy issues it to raise cash to buy Bitcoin. The dividend is funded by a reflexive premium that only persists while BTC keeps appreciating. Apyx and Saturn both inherit this systemic dependency.
MSTR equity trades at a premium to BTC NAV. Strategy issues STRC at par, raises cash, buys more BTC. New BTC lifts NAV faster than the dividend bill grows. STRC peg holds; rate can even be "stretched down".
Apyx diversifies across regulated Digital Asset Treasury preferred shares. Each issuer pays a monthly cash dividend; weights and blended yield are governed by APYX holders.
100M fixed-supply token. Holders vote on issuer weights, reserve targets, and fee distribution. Two staking vaults: xAPYX (compounding) and yAPYX (apxUSD dividend-bearing).
5% APYX supply streamed to apxUSD & apyUSD liquidity providers (Curve, Pendle PT/YT). Season 1 ends May 22, 2026.
Live signals detected by Sentinel monitors across all five risk classes.
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
DeFi yield is volatile and unsustainable, often relying on token emissions. Real-world dividend income from publicly traded preferred equity is locked away from on-chain users.
Apyx buys preferred equity from DAT companies (STRC, SATA), channels their monthly dividends on-chain through linear vesting, and distributes the yield to apyUSD holders via a rising exchange rate.
First-mover in Dividend-Backed Stablecoins — the only protocol using publicly listed preferred equity as collateral, providing verifiable regulated yield rather than circular DeFi emissions or opaque off-chain structures.
Apyx is a RWA protocol operating on Ethereum, Base. Apyx is the first dividend-backed stablecoin protocol, collateralizing apxUSD with preferred equity from Digital Asset Treasury companies to deliver double-digit on-chain yield via apyUSD.
Apyx buys preferred equity from DAT companies (STRC, SATA), channels their monthly dividends on-chain through linear vesting, and distributes the yield to apyUSD holders via a rising exchange rate.
DeFi Sentinel rates Apyx BB with a safety score of 64/100, indicating elevated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Apyx has 4 audits on record. DeFi Sentinel's analysis flagged 4 high, 7 medium, 3 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Apyx has a DeFi Sentinel safety score of 64/100 (rating BB), last updated May 12, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Apyx is deployed on Ethereum, Base.
Yes. Apyx has 4 audit reports on record from firms including Quantstamp, Certora, Zellic. Audit reports and dates are linked under the Resources tab on this page.
