@bayardo.eth
More bizarre Bitcoin financial engineering. A double-digit yield-bearing stablecoin backed by bitcoin DATs?! 😅
_"Apyx’s apxUSD is not a traditional fiat-backed stablecoin, such as USDT or USDC. Instead, apxUSD is an over-collateralized, dividend-backed synthetic dollar whose stability is supported by a reserve of crypto-related dividend-bearing real world assets. apxUSD is not directly redeemable for those underlying assets; redemptions are settled in USDC."_
https://docs.apyx.fi/
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