Apyx Power User of the Day
๐ด 0x36โฆd195 ๐ด
Over the past 24 hours, wallet 0x36โฆd195 deployed ~$11M into Apyx by using ~$17M worth of $BTC as collateral to participate in a sophisticated onchain strategy. ๐คฏ
Rather than minting $apxUSD with $USDC, this user:
โข Deposited $WBTC on Ethereum
โข Borrowed against their bitcoin position
โข Minted ~$11M of apxUSD
โข Swapped it for apyUSD
โข Deployed into
@pendle_fi PT + YT markets
For the first time ever, weโre witnessing bitcoin holders do something that was never before possible:
Maintain ownership of their digital capital, borrow against it onchain, and redeploy that liquidity into onchain digital credit yield backed by dividend-paying assets like $STRC and $SATA.
No selling. No giving up $BTC exposure.
Just bitcoin as collateral and onchain digital credit yield as cash flow.
This is what the next era of DeFi looks like, and itโs only getting started. ๐
The user ๐