{"id":"apyusd","title":"apyUSD","content":"**apyUSD** is a [stablecoin](https://iq.wiki/wiki/stablecoin) savings token operating under the [Apyx](https://iq.wiki/wiki/apyx) Protocol. It is built using the [ERC-4626](https://iq.wiki/wiki/erc-4626) vault standard and allows users to earn yield by depositing the associated stablecoin [apxUSD](https://iq.wiki/wiki/apxusd) into a permissionless vault. Users receive apyUSD in return, and yield accrues gradually through an increasing exchange rate, meaning each apyUSD can be redeemed for more apxUSD over time. [\\[1\\]](#cite-id-27mcpjZrzzIFTZRL)  [\\[2\\]](#cite-id-Hqcpr5F7wVupyQd7)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA) \n\n### Overview\n\napyUSD is designed as part of a two-token system, with [apxUSD](https://iq.wiki/wiki/apxusd) serving as the digital dollar useful across the [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) ecosystem, and apyUSD functioning as the high-yield savings token. This structure separates liquidity and utility from yield generation, which enables a distinct path for earning returns derived from dividends. The yield for apyUSD is sourced from dividends generated by the protocol’s off-chain collateral, including preferred equity from Digital Asset Treasuries (DATs) as well as short-term Treasuries. [\\[1\\]](#cite-id-27mcpjZrzzIFTZRL)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA)  [\\[5\\]](#cite-id-OOgeMtAgeOALO924)  [\\[6\\]](#cite-id-yx66sC2TYpGVtDhS)  [\\[7\\]](#cite-id-XYEYh7oXww6EqLHz) \n\n### History and Timeline\n\n​[Apyx](https://iq.wiki/wiki/apyx) protocol and its associated tokens, [apxUSD](https://iq.wiki/wiki/apxusd) and apyUSD, were officially launched in early 2026. The protocol quickly gained traction, reaching a significant [total value locked](https://iq.wiki/wiki/tvl) (TVL) soon after its inception, with TVL amounts exceeding $40 million within nine days post-launch. [\\[2\\]](#cite-id-Hqcpr5F7wVupyQd7)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA)  [\\[6\\]](#cite-id-yx66sC2TYpGVtDhS) \n\n### Token Information\n\napyUSD operates under the [ERC-4626](https://iq.wiki/wiki/erc-4626) standard, known for its efficiency in managing tokenized vault shares. It facilitates savings by providing a permissionless and dividend-backed model for yield generation. [\\[2\\]](#cite-id-Hqcpr5F7wVupyQd7)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA)  [\\[6\\]](#cite-id-yx66sC2TYpGVtDhS)  [\\[10\\]](#cite-id-3LuexEQXczNkDNqK) \n\n### Use Cases\n\n**Liquidity and Flexibility**: [apxUSD](https://iq.wiki/wiki/apxusd) can be used in trading, as collateral, and across various [DeFi](https://iq.wiki/wiki/defi) applications, maintaining utility and liquidity. \n\n**Yield Generation**: apyUSD is suited for users seeking yield through dividend accrual, allowing long-term value increase. [\\[2\\]](#cite-id-Hqcpr5F7wVupyQd7)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA)  [\\[8\\]](#cite-id-rJHFjF2E4w24yhA3)  [\\[9\\]](#cite-id-G9ioOsERBEJHXg6t) \n\n### Redemption Process\n\nThe redemption of apyUSD into [apxUSD](https://iq.wiki/wiki/apxusd) is asynchronous, requiring a multi-step process that includes a request, a cooldown period (approximately 20 days), and a final claim action. During the cooldown, the assets remain locked, and users won't receive yield on the locked apyUSD. [\\[1\\]](#cite-id-27mcpjZrzzIFTZRL)  [\\[2\\]](#cite-id-Hqcpr5F7wVupyQd7)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA) \n\n### Team and Founders\n\n​[Apyx](https://iq.wiki/wiki/apyx) is supported by the team from DeFi Development Corp., noted for their expertise in the [digital asset](https://iq.wiki/wiki/digital-assets) sector, particularly within the [Solana](https://iq.wiki/wiki/solana) [blockchain](https://iq.wiki/wiki/blockchain) ecosystem. Notable team members include Pete Humiston and Joseph Onorati. [\\[2\\]](#cite-id-Hqcpr5F7wVupyQd7)  [\\[3\\]](#cite-id-zBEH8chCyNKORXzA) \n\n### Partnerships and Integrations\n\n[Apyx](https://iq.wiki/wiki/apyx) has integrated with platforms such as Pendle, [Morpho](https://iq.wiki/wiki/morpho) Blue, and Curve DEX to maximize DeFi yield opportunities and to expand its functional utility across different DeFi ecosystems\\[source].","summary":"apyUSD is a savings token from Apyx, utilizing the ERC-4626 vault standard, offering dividend-backed yield from Digital Asset Treasuries.","images":[{"id":"QmQbSag2GoVqmVPo2kdhL3Bia6ZhRAEUmqnpyvNhJZH7GP","type":"image/jpeg, image/png"}],"categories":[{"id":"projects-and-protocols","title":"projects-and-protocols"}],"tags":[{"id":"Stablecoin"},{"id":"DeFi"},{"id":"Ethereum"},{"id":"RWA"},{"id":"GovernanceToken"}],"media":[{"id":"QmZ4TehgKo9yfvUKcPPfgj5pb7AmFzyYvdFZNLAVuadFGq","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmRUxwnfPoxWCqg3mdTvityxHfzeVNFA3ecPwErLyYfn5a","name":"apyx-y.webp","caption":"","thumbnail":"QmRUxwnfPoxWCqg3mdTvityxHfzeVNFA3ecPwErLyYfn5a","source":"IPFS_IMG"},{"id":"QmUoq6Vs7ZHsNs8vYp2nByKXDrNjrRZwVP5YoNTdc4vzJ1","name":"Cópia de Design sem nome (2).png","caption":"","thumbnail":"QmUoq6Vs7ZHsNs8vYp2nByKXDrNjrRZwVP5YoNTdc4vzJ1","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"27mcpjZrzzIFTZRL\",\"description\":\"CoinGecko: APYUSD\",\"timestamp\":1779478304702,\"url\":\"https://www.coingecko.com/en/coins/apyusd\\n\"},{\"id\":\"Hqcpr5F7wVupyQd7\",\"description\":\"Docs: Apyusd\",\"timestamp\":1779478376587,\"url\":\"https://docs.apyx.fi/resources/brand-guidelines\"},{\"id\":\"zBEH8chCyNKORXzA\",\"description\":\"Website: Apyusd\",\"timestamp\":1779478418855,\"url\":\"https://apyx.fi/\"},{\"id\":\"isK1tD3Qq3vjiqoa\",\"description\":\"Twitter: Apyx\",\"timestamp\":1779478480386,\"url\":\"https://x.com/apyx_fi\"},{\"id\":\"OOgeMtAgeOALO924\",\"description\":\"LinkedIn: Apyx\",\"timestamp\":1779478495319,\"url\":\"https://www.linkedin.com/company/apyx-fi/\"},{\"id\":\"yx66sC2TYpGVtDhS\",\"description\":\"defillama: apyusd\",\"timestamp\":1779478519502,\"url\":\"https://defillama.com/rwa/asset/apyusd\"},{\"id\":\"XYEYh7oXww6EqLHz\",\"description\":\"apyUSD is backed by preferred shares in Digital Asset Treasury (DAT)  companies.\\n\",\"timestamp\":1779478539951,\"url\":\"https://x.com/pendle_fi/status/2030132337380577786\"},{\"id\":\"rJHFjF2E4w24yhA3\",\"description\":\"About apyUSD\\n\",\"timestamp\":1779478591555,\"url\":\"https://ambcrypto.com/coins/apyusd/\"},{\"id\":\"G9ioOsERBEJHXg6t\",\"description\":\"\\nApyx Labs\\nDOUBLE-DIGIT YIELD FOR EVERYONE\",\"timestamp\":1779478606989,\"url\":\"https://github.com/apyx-labs\"},{\"id\":\"3LuexEQXczNkDNqK\",\"description\":\"Why Apyx Needs Two Tokens\\n\",\"timestamp\":1779478628320,\"url\":\"https://blog.apyx.fi/why-apyx-needs-two-tokens/\"}]"},{"id":"website","value":"https://apyx.fi/"},{"id":"twitter_profile","value":"https://x.com/apyx_fi"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/apyx-fi/"},{"id":"commit-message","value":"\"Added apyUSD stablecoin overview and ERC-4626 vault details\""}],"events":[{"id":"0b9ff925-1d43-4486-ac42-c2481f8c3cb2","date":"2026-02-01","title":"Launch of apyUSD","type":"CREATED","description":"apyUSD was launched as a high-yield savings token within the Apyx ecosystem.","link":null,"continent":null,"country":null},{"id":"b71089e4-2e4b-44e6-807c-7fcdb1e41a54","date":"2026-04-01","title":"Integration with Pendle","type":"DEFAULT","description":"apyUSD became available for yield strategies on Pendle, boosting liquidity options.","link":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":["anon"],"speakers":[]}}