Apyx

Apyx is the first Dividend-Backed Stablecoin (DBS) protocol backed by variable rate perpetual preferred stock such as STRC issued by Strategy (MSTR). Apyx is currently live on Etheruem, with support on Solana coming soon.

Apyx uses a two token model.

• apxUSD: a synthetic non-yield bearing stable asset intended to provide deep liquidity in secondary markets and broad usability as a collateral asset across DeFi and CeFi. apxUSD is intended to be over collateralized at all times.

• apyUSD: Apyx's savings asset, a yield-bearing stablecoin (YBS) that accrues yield from dividends paid by Digital Asset Treasury (DAT) companies such as Strategy (MSTR).

In the future, Apyx will have a governance token, APYX, which will be used to influence the future, development, and treasury management of the protocol. APYX tokens are intended to launch with value accural mechanisms enabled.