Underlying asset
apyUSD
Issued by Apyx. The facts below were checked on the date shown, from the sources listed.
apyUSD is issued by Apyx. What stands behind it: preferred stock of a bitcoin-treasury company. It is redeemed after a cooldown.
Facts
- Issuer
- Apyx
- What stands behind it
- preferred stock of a bitcoin-treasury company
- Strategy
- dividends on preferred shares issued by companies that hold crypto on their balance sheet
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a regulated issuer, a manager off chain, an exchange holding the assets
- Redemption
- redeems after a cooldown; the issuer's stated worst case is 20 days
- Where the money sits
- UnlockToken: apxUSD held during the unlock cooldown
Ethereum · 0x93775e2dfa4e716c361a1f53f212c7ae031bf4e6 · source
Researched on 2026-10-09; the amounts in the labels are as of that day. - Who can change it
- a timelock · 72 h delay · a three-day delay on every admin change; the admin is a 4-of-6 Safe, and upgrades need a 4-of-7 Safe, also three days delayed 0xe167330e2eac88666de253e9607c6d9ae0ca2824 (Ethereum)
a multisig (Safe) · 72 h delay · 4 of 6 signatures 0xabdd8c8ee69e5f5180eb9352aeffc5ceead65e96 (Ethereum)
a multisig (Safe) · 72 h delay · 4 of 7 signatures 0xf9862efc1704ac05e687f66e5cd8c130e5663ce2 (Ethereum) - Audits
- Halborn, 2026-06
Quantstamp, 2026-04
Certora, 2026-03
Zellic, 2026-03
Quantstamp, 2026-02 - Bug bounty
- not found in a source that meets the standard
- Depends on
- Strategy's STRC preferred stock
Other assets from the same issuer: aptUSD, apxUSD - Chains
- Ethereum
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://docs.apyx.fi/apyx-overview/how-apyx-works
https://docs.apyx.fi/solution-overview/apyusd-yield-distribution
https://docs.apyx.fi/risk-management/apyx-and-dat-risks
https://docs.apyx.fi/resources/audits
https://docs.apyx.fi/resources/smart-contract-addresses
https://docs.apyx.fi/technical-overview/unlocking
https://docs.apyx.fi/product-overview/apyusd-overview
Pendle markets on it
Live Pendle markets on this asset, as of 1 Nov 2026. Names and dates only. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2026-11-05 | PT-apyUSD-5NOV2026 |
| Ethereum | 2027-02-11 | PT-apyUSD-11FEB2027 |
The fixed rate, read on chain
This site reads each market's own contract every hour and keeps the day's last reading, one point a day, ending at the last complete day. These are not Pendle's figures. The record describes what the rate was; it does not compare markets or say what it will be.
| Chain | Maturity | Principal token | Recorded | |
|---|---|---|---|---|
| Ethereum | 2027-02-11 | PT-apyUSD-11FEB2027 | 15.00% on 2026-10-14 to 14.76% on 2026-10-31 | |
| Ethereum | 2026-11-05 | PT-apyUSD-5NOV2026 | 14.59% on 2026-09-24 to 17.37% on 2026-10-31 |
Not found
What the research has not answered for this asset, said rather than left blank.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.