Pendle Launches apxUSD on BNB Chain, Offering a 13% Fixed Interest Rate for STRC

On May 26, DeFi yield protocol Pendle Finance announced that synthetic dollar asset apxUSD (maturing November 2026) from Apyx Finance has officially been integrated into BNB Chain. Users can now access a fixed-income strategy built on STRC via Pendle, with the current fixed APY hitting 13%. Issued by Apyx and collateralized by preferred equity from Digital Asset Treasuries (DATs), apxUSD currently comprises Strive’s SATA and Strategy’s STRC. While apxUSD itself doesn’t generate yield, it can be split into principal tokens (PT) and yield tokens (YT) on Pendle. Pendle notes that YT holders gain access to higher-leverage exposure to Apyx, while PT delivers a fixed return above STRC’s dividend yield. Liquidity providers (LPs), meanwhile, earn both protocol revenue and points-based incentives simultaneously.