what's Apyx?

Apyx is the world's first Dividend-Backed Stablecoin (DBS) protocol fueled by Digital Credit, offering enhanced yield from public market dividends delivered onchain. It features apxUSD, a synthetic dollar backed by preferred equity in Digital Asset Trusts (DATs), and apyUSD, the yield-bearing stablecoin that accrues recurring dividends. Designed to solve the stablecoin yield crisis, Apyx provides transparent, scalable savings without risky lending or liquidity provisioning. The protocol operates via a Digital Credit Flywheel: acquiring DAT preferred shares, aggregating offchain dividends, and channeling them into onchain yield. Transparency includes daily NAV reporting, real-time collateral visibility, verifiable securities holdings, and monthly attestations. Supported by the team behind DeFi Development Corp. (Nasdaq: DFDV), the first Solana DAT, Apyx launches on Ethereum in February 2026 with Solana support following, bridging public capital markets to DeFi.