Upshift(@upshift_fi):Core USDC Vault Update: The Core USDC vault holds a position in the Upshift Gamma USDC vault that has exposure to apxUSD. The synthetic dollar issued by Apyx Finance is backed primarily by dividend-bearing preferred shares and most notably Strategy's STRC. In recent weeks, STRC has traded well below its $100 par value and thus apyUSD has depegged below its intended value. As a result, the position has been marked down and the vault has realized a drawdown of 8%, reflected in the vault share price. Upshift Gamma USDC realized a drawdown of 12.8%. All other positions in the vaults are unaffected and performing as expected.

2026.08.06 20:30

Core USDC Vault Update: The Core USDC vault holds a position in the Upshift Gamma USDC vault that has exposure to apxUSD. The synthetic dollar issued by Apyx Finance is backed primarily by dividend-bearing preferred shares and most notably Strategy's STRC. In recent weeks, STRC has traded well below its $100 par value and thus apyUSD has depegged below its intended value. As a result, the position has been marked down and the vault has realized a drawdown of 8%, reflected in the vault share price. Upshift Gamma USDC realized a drawdown of 12.8%. All other positions in the vaults are unaffected and performing as expected.