PT-apxUSD Pendle PT Looping: Loop up to 7x

apxUSD is Apyx's yield-bearing stablecoin with active risk management, backed by preferred shares in digital credit (STRC, SATA). Active portfolio allocation across these dividend-yielding instruments targets consistent, risk-adjusted returns.

How the strategy works

This is a max-APY yield loop: PT-apxUSD is supplied as collateral and USDC is borrowed against it on Morpho, then recycled back into PT-apxUSD to multiply the underlying Preferred Dividends yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.

Strategy details

Collateral asset
PT apxUSD 5NOV2026 (PT-apxUSD)
Borrowed asset
USDC
Issuer
Apyx
Yield source
Preferred Dividends
Underlying
USD
Category
stable-PT
Network
Ethereum
Protocol
Morpho

Live metrics

Collateral APY
13.40%
Net borrow APY
3.56%
Max leverage
7.0x
Default leverage
6.7x → 69.49% APY
Leverage ladder
1x 13.40% · 2x 23.24% · 3x 33.08% · 4x 42.92% · 5x 52.76% · 6x 62.60% · 7x(max) 72.44%
Oracle type
nav
Exit slippage
$100k 0.05% · $500k 2.88% · $1M 4.92% · $5M 76.10% · $10M 88.85%

as-of 2026-10-14T08:53:51.306Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

Apyx website · All strategies