PT-apxUSD Max APY Yield Strategy

apxUSD is Apyx's yield-bearing stablecoin with active risk management, backed by preferred shares in digital credit (STRC, SATA). Active portfolio allocation across these dividend-yielding instruments targets consistent, risk-adjusted returns.

How the strategy works

This is a max-APY yield loop: PT-apxUSD is supplied as collateral and USDC is borrowed against it on Morpho, then recycled back into PT-apxUSD to multiply the underlying Preferred Dividends yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.

Strategy details

Collateral asset
PT apxUSD 5NOV2026 (PT-apxUSD)
Borrowed asset
USDC
Issuer
Apyx
Yield source
Preferred Dividends
Underlying
USD
Category
stable-PT
Network
Ethereum
Protocol
Morpho

Live metrics

Collateral APY
10.62%
Net borrow APY
7.33%
Max leverage
7.0x
Default leverage
6.7x → 29.37% APY
Leverage ladder
1x 10.62% · 2x 13.91% · 3x 17.20% · 4x 20.49% · 5x 23.78% · 6x 27.07% · 7x(max) 30.36%
Oracle type
nav
Exit slippage
$100k 0.92% · $500k 34.99% · $1M 69.54% · $5M 94.14% · $10M 97.21%

as-of 2026-08-14T07:18:50.132Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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