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
- Who can change it
- a timelock · 72 h delay · a three-day delay; who holds the admin role could not be read 0xe167330e2eac88666de253e9607c6d9ae0ca2824 (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: 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 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2026-11-05 | PT-apyUSD-5NOV2026 |
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.