apxUSDAPXUSD#104

Apyx is a stablecoin protocol that backs apxUSD with preferred equity from Digital Asset Treasuries (DATs) — publicly-listed companies holding digital assets and issuing dividend-paying preferred shares. The protocol maintains over 100% collateral coverage, converting offchain dividend cash flows into onchain yield. apxUSD itself doesn't generate yield directly and serves as a liquidity tool across DeFi and CeFi platforms. The protocol operates two tokens. apxUSD functions as a synthetic dollar pegged to the US dollar through DAT preferred share collateral. apyUSD is an ERC-4626 vault where you lock apxUSD to access enhanced yield from the underlying dividend streams. As monthly dividends distribute, apyUSD increases in value relative to apxUSD over time, creating a yield-bearing alternative for users seeking returns on stablecoin holdings. This structure lets you choose between maintaining stable liquidity with apxUSD or capturing dividend-backed returns through apyUSD staking. The collateral model ties token value directly to equity dividends from established digital asset companies rather than algorithmic mechanisms.