apyUSD apyusd
What is apyUSD?
apyUSD is Apyx's yield-bearing stablecoin and ERC-4626 vault share for apxUSD. It is non-rebasing: users deposit apxUSD and yield accrues through a rising exchange rate.
What problem does apyUSD solve?
Most stablecoins don't pass underlying reserve income to holders. apyUSD separates a non-yield asset (apxUSD) from a yield asset, allowing users to opt into dividend-derived returns.
How does apyUSD work?
Users lock apxUSD through ERC-4626 deposit. Dividends from offchain DAT preferred shares are converted to apxUSD and credited through YieldDistributor with 20-day vesting. Standard redemption has ~20-day cooldown; flexible route has 3-day claims with declining fee.
Key facts
- Ticker: APYUSD
- ERC-4626 non-rebasing vault
- Yield from DAT preferred share dividends
- Ethereum contract: 0x38EEb52F0771140d10c4E9A9a72349A329Fe8a6A
- Standard: 20-day cooldown; Flexible: 3-day with fee
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Frequently asked questions
How does apyUSD earn yield?
Dividends from offchain DAT preferred shares are converted to apxUSD and credited to the vault.
Can I redeem immediately?
Standard: 20-day cooldown. Flexible: 3-day claims with declining early fee.
External trackers
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