Apyx is a dividend-backed stablecoin protocol that brings preferred-share dividend yield onchain through a dual-asset structure of apxUSD and apyUSD. Apyx's Twitter Score is 46 out of 1000 as of August 2026, ranking #19,842 (top 5%) among 484,207 tracked accounts.
Apyx was co-founded by Pete Humiston and Dawson Reid as Founding Contributors and is made available by Preference Capital (BVI) Ltd. and its affiliates according to the protocol's terms of service. The protocol launched in February 2026 and subsequently scaled to as much as $500M in circulating supply. Its core mechanism pairs apxUSD, an overcollateralized synthetic dollar, with apyUSD, a yield-bearing instrument whose redemption rate rises as underlying preferred-share dividends are distributed. The collateral mix draws on dividend-bearing preferred shares issued by publicly listed digital-asset treasury companies, including Strategy's STRC and Strive's SATA, with Apyx reported as the largest holder of STRC. The protocol targets 13% APY, though BitcoinTreasuries.net reported that realized 30-day APYs could at times be lower.
Apyx expanded from Ethereum to Base on April 1, 2026, using Chainlink cross-chain and oracle infrastructure, with Pendle markets announced for launch-day support. Its Season 2 points program spans Ethereum, Base, and BNB Chain and includes integrations with Curve, Pendle, Morpho, and Royco markets. On June 4, 2026, apxUSD was reported trading around $0.93 during a broader market downturn; Apyx characterized the deviation as foreseeable under its preferred-share collateral model rather than a conventional fiat-reserve stablecoin model.
Apyx has a strategic partnership with Kraken and xStocks focused on expanding adoption of tokenized equity products onchain, and is a preferred DAT-Backed Stablecoin Yield Partner of BitcoinTreasuries.net, sponsoring its daily Bitcoin Treasuries livestreams. Backers include Kraken Ventures, DeFi Development Corp., and Allied Architects, Inc., with early funding coming from contributors, strategic partners, and angel investors rather than a Series A venture round. The protocol's native governance token, APYX, carries core-team allocations that vest over four years. Apyx's blog remained active as of July 2026, when it published an article on its open-source EVM contract monitoring exporter. Apyx's account has published 801 posts and has been mentioned by 104 accounts a total of 236 times.
Who follows Apyx on X?
The accounts that follow Apyx include 149 founders, 32 angel investors, 124 influencers and 2 VCs. Among them are Toly, Laura Shin, Michael Saylor, David Hoffman, DeFi Dad defidad.eth and Andy.