Current APY
17.49%
7D Avg
17.16%
30D Avg
16.58%
Score
57
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Apyx is a synthetic-dollar protocol whose stable token apxUSD is overcollateralized by dividend-bearing DAT preferred shares, accessible at Apyx. apyUSD is the yield-bearing version — minted when apxUSD is locked into the Apyx vault — and its value grows linearly as dividend yield accrues through an increasing exchange rate. The dominant DAT preferred share backing apxUSD is STRC, issued by MicroStrategy (Strategy). STRC is designed to hold a $100 peg and pay roughly 11.5% APR per year. If STRC depegs, the collateral behind apxUSD loses value and your PT could redeem for less than par — meaning you could suffer a loss. On Pendle you can split apyUSD into PT and YT, locking in a fixed return today: buy PT-apyUSD at a discount and redeem it at maturity. At maturity (Aug 27, 2026), each PT-apyUSD redeems 1-for-1 into apxUSD staked in Apyx (i.e. apyUSD). Your fixed APY is locked the moment you buy. Notice: apyUSD is a young yield-bearing asset that has not yet been rated by DeFi Sentinel; treat its peg and the underlying DAT-share collateral as unproven. Unlocking apyUSD back to apxUSD also carries a ~20-day cooldown.
Buying apyUSD is cheaper on the secondary market than minting it on the official staking page — acquire it on the open market rather than staking directly.
Unstaking apyUSD takes 3 or 20 days — unstake at https://app.apyx.fi/deposit The 3-day option is faster but charges a higher fee (3.5%).
Go to the apyUSD Aug 2026 Pendle market, select the PT tab, set your input token to apyUSD (or any supported token for auto-routing), and confirm the swap. Your fixed APY is locked in the moment the transaction confirms; at maturity each PT redeems 1 apxUSD staked in Apyx.
