#17 DeFi / Smart Contract 🇺🇸 United States

Apyx

Apyx is the Dividend-Backed Stablecoin protocol, turning preferred equity from Digital Asset Treasury companies into transparent, double-digit yield digital dollars onchain. Read more

BTC Holdings

0

Total Cost Basis
$0
Holdings BTC vs USD value
₿0
$0 USD value · as of May 23, 2026
BTC Holdings (left)
USD Value (right)
BitcoinTreasuries logo

Historical Holdings

About Apyx

Apyx is the first dividend-backed stablecoin protocol that transforms preferred equity issued by Digital Asset Treasuries (DAT) into programmable, double-digit yield digital dollars.

By bundling diversified preferred shares and leveraging protocol functionality, Apyx offers sustainable double-digit yield with unprecedented transparency. Apyx stands at the forefront of innovation in the stablecoin sector by bridging traditional public-market yield with decentralized finance. The protocol sources dividends from diversified baskets of variable-rate perpetual preferred shares issued by DAT companies, such as Strategy and Strive, bundling them into an over-collateralized synthetic dollar ecosystem. This structure delivers sustainable yields significantly higher than traditional fiat-backed stablecoins, while maintaining institutional-grade transparency through daily NAV updates, stress testing, auto-rebalancing, and verifiable public securities.

Leadership

Joseph Onorati

Joseph Onorati

Founding Contributor

Joseph Onorati spent eight years at Kraken, where he rose to Chief Strategy Officer. Before Kraken, he founded a crypto market-making and high-frequency trading firm and served as CEO of CaVirtEx, Canada's first Bitcoin exchange. He currently serves as CEO of DeFi Development Corp.

Parker White

Parker White

Founding Contributor

Parker White spent six years at Kraken, including as Director of Engineering, following a career in bond trading and portfolio management at a $2 billion RIA. A CFA charterholder, he launched an algorithmic trading startup in 2018 and currently serves as COO and CIO of DeFi Development Corp.

Dan Kang

Dan Kang

Founding Contributor

Dan Kang spent three years at Kraken as Head of Strategy and seven years as a long-short equity analyst covering internet and media, with earlier roles at Morgan Stanley and Snap. He holds a mathematics degree from Columbia and currently serves as CSO of DeFi Development Corp.

Products and Services

apxUSD — Synthetic Dollar

apxUSD — Synthetic Dollar

An over-collateralized synthetic dollar backed by diversified DAT preferred equity. Designed for trading, lending, and DeFi liquidity pools with deep composability and no native yield.

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apyUSD — Yield-Bearing Savings

apyUSD — Yield-Bearing Savings

A savings wrapper that locks apxUSD to accrue real dividends from underlying preferred equity collateral, delivering double-digit APY for long-term holders without rebasing.

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APYX Governance Token

APYX Governance Token

The governance and value-accrual token for the protocol. Holders will shape treasury management and collateral allocation while receiving a portion of reserve growth.

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