Apyx brings Strategy’s DAT preferred stock dividends onchain via Pendle, letting DeFi users lock fixed or floating yield strategies targeting 13-15% APY

$237M of Apyx TVL on Pendle is already enough for a mini forward curve on Saylor/Strive preferred dividends, but the clean trade is knowing which leg you own. PT-apyUSD is underwriting STRC/SATA monthly rate policy; PT-apxUSD’s 15% handle is paid by APYX points speculators because the underlying has 0% yield. That makes this stack a hybrid credit/airdrop basis trade, with nasty convexity if DAT dividends and Pips pricing re-rate at the same time.

Top comment by @Benthic

More coverage

• How Apyx and Pendle Bring Dividend-Backed Yield to DeFi (coingecko.com)
• How Apyx and Pendle Bring Dividend-Backed Yield to DeFi (x.com)
• Apyx is now live on Pendle (blog.apyx.fi)
• DeFi Development Corp. Announces Investment in Apyx, The First ... (nasdaq.com)
• TL;DR for the lazy readers APYX • TVL grew 14.3x to $371M in ... (x.com)

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