Profile
apyUSD profile facts
apyUSD (apyUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg apxUSD-denominated NAV.
Variant relationship
apyUSD (apyUSD) is modeled as a strategy vault variant of apxUSD (apxUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- apxUSD deposited into the Apyx ERC-4626 yield vault; apxUSD itself is backed by preferred equity shares from Digital Asset Treasury companies and liquidity buffers
- Peg mechanism
- Users deposit apxUSD to mint apyUSD; cash dividends and preferred-equity yield accrue inside the vault, increasing apyUSD's exchange rate against apxUSD over time
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- Independent Attestation by Wolf & Company, P.C. monthly AICPA examination-level opinions on Preference Foundation securities holdings; the September 2026 report, signed October 13, covers assets only, not apyUSD liabilities or a reserve-to-liability reconciliation Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
apyUSD quick answers
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What is apyUSD?
apyUSD is the ERC-4626 yield-bearing wrapper of apxUSD, capturing dividends and preferred-equity yield from Apyx's Digital Asset Treasury collateral. The static profile records its apxUSD-denominated NAV accounting mechanism as: Users deposit apxUSD to mint apyUSD; cash dividends and preferred-equity yield accrue inside the vault, increasing apyUSD's exchange rate against apxUSD over time.
Is apyUSD safe?
As of Nov 8, 2026, Pharos grades apyUSD F (19/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs apyUSD?
Pharos records apyUSD's reserves as of Oct 27, 2026 as 100% apxUSD yield vault shares and under 0.1% Vested apxUSD yield recognized by apyUSD. Reserve evidence: Independent Attestation. Pharos classifies the backing as Real-World Asset Backed.
Can apyUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem apyUSD?
Under the route Pharos reviewed on Oct 7, 2026, whitelisted primary-market participants can redeem apyUSD for apxUSD. Requests go through a redemption queue. The reviewed redemption fee ranges from 0.1% to 3.5%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
