Apyx
AuditedApyx 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.
Active Risk Alerts
Live signals detected by Sentinel monitors across all five risk classes.
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Score history
This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.
The Problem
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.
The Solution
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.
Why it Matters
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.
Protocol Metrics
Related Research
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DeFi Yield Guide, October 2026: Rated Positions
The standing answer to where DeFi yield is worth taking. Every position on the board carries a Safety Score, the mechanism that produces the yield, and the specific thing that would break it. Reviewed and revised every month; previous editions are archived.
September 2026: A DeFi Yield Guide
The DeFi Sentinel yield guide as it stood this month: every position on the board with its Safety Score, the mechanism that produces the yield, and the specific thing that would break it. Figures are frozen at publication.
August 2026: A DeFi Yield Guide
The second edition of our monthly yield guide — and the first to widen past stablecoins. Nine vetted positions across low, medium and high risk, plus points farming and a spot-accumulation case, each with its Safety Score and the exact thing that would break it.
Frequently asked questions about Apyx
What is Apyx?+
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.
How does Apyx work?+
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.
Is Apyx safe?+
DeFi Sentinel rates Apyx BBB with a safety score of 68/100, indicating moderate 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 3 high, 6 medium, 4 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.
What is the safety score of Apyx?+
Apyx has a DeFi Sentinel safety score of 68/100 (rating BBB), last updated September 17, 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%).
Which chains does Apyx support?+
Apyx is deployed on Ethereum, Base.
Has Apyx been audited?+
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.