apyUSD
APYUSD
$1.37
Current Price
-0.01%
24h Change
Info
APYUSD
Symbol
$187.16M
Fully Diluted Valuation
$187.16M
Market Cap
180
Market Rank
136.43M
Total Supply
$808.00K
Total Volume
$1.38
24h High
$1.37
24h Low
About apyUSD
apyUSD is a yield-generating vault token developed by the Apyx protocol on the Ethereum blockchain, adhering to the ERC-4626 standard. It encapsulates apxUSD, a stablecoin denominated in USD and backed by preferred equity shares from Digital Asset Treasury (DAT) companies. By depositing apxUSD into the Apyx yield vault, users receive apyUSD, which appreciates over time as the vault accumulates and distributes cash dividends from DAT preferred shares. This passive yield generation mechanism allows holders to benefit from an appreciating exchange rate, similar to the operations of Maker's sDAI and Ethena's sUSDe, without the need for staking or manual claims. The Apyx protocol integrates with platforms like Pendle for yield tokenization and trading, and Morpho for lending collateral, enhancing its functionality within the decentralized finance (DeFi) ecosystem. The underlying DAT preferred share collateral is securely managed by Anchorage Digital and BitGo, ensuring robust custody solutions. As an ERC-20 token, apyUSD's design and integrations offer seamless DeFi compatibility, making it a compelling option for investors seeking passive income through blockchain-based financial instruments.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
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