apyUSD · by Apyx · stable
apyUSD is Apyx's yield-bearing stablecoin backed by preferred shares in digital credit assets (STRC ~11% APY, SATA ~12.5% APY). Monthly dividend distributions pass through to holders as an appreciating exchange rate.
Spiral Stake supplies apyUSD as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more apyUSD — looping in a single transaction to amplify the underlying Preferred Dividends yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged apyUSD yield is a strategy that loops apyUSD on the Morpho lending protocol to multiply your exposure to its Preferred Dividends yield. Spiral Stake executes the whole loop in a single transaction.
apyUSD earns yield from Preferred Dividends, issued by Apyx. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.