BlockBeats report, on May 26, the DeFi yield protocol Pendle Finance announced that apxUSD, a synthetic USD asset from Apyx Finance (maturing in November 2026), has officially launched on BNB Chain. Users can now access fixed-yield strategies based on STRC on Pendle, with a current fixed APY of 13%.
apxUSD is issued by Apyx and backed by preferred shares of Digital Asset Treasuries (DATs), with underlying assets currently including SATA from Strive and STRC from Strategy. apxUSD itself does not generate yield, but it can be split on Pendle into strategy assets such as PT (principal tokens) and YT (yield tokens).
Pendle states that YT holders gain leveraged exposure to Apyx points, while PTs offer a fixed return above the STRC dividend yield. Additionally, liquidity providers (LPs) receive exposure to both yield and points incentives.