Apyx mints apxUSD against deposits in DAT preferred shares; redemptions settle in USDC. Yield from the underlying collateral accrues to the sister yield-bearing token apyUSD.

Apyx is a DeFi protocol issuing apxUSD, a non-yield-bearing synthetic dollar overcollateralized by a basket of crypto-DAT (Digital Asset Treasury) variable-rate preferred shares including Strategy's STRC (MSTR preferred). The sister token apyUSD captures the yield from the collateral basket.

Apyx (apyx.fi) issues a synthetic dollar overcollateralized by a basket of crypto-DAT (Digital Asset Treasury) variable-rate preferred shares.