Pendle launches apxUSD pool on BNB Chain with yields topping 13%

DeFi yield protocol Pendle (PENDLE) announced on X that it has launched a pool for Apyx's synthetic dollar, apxUSD, on BNB Chain. The synthetic dollar is backed by preferred shares in Strive (SATA) and Strategy (STRC) and matures in November 2026. The apxUSD is split into Principal Tokens (PT) and Yield Tokens (YT) for trading. Purchasing the PT allows users to secure a fixed yield that currently exceeds the 13% annual dividend rate on STRC, while the YT offers leveraged exposure to Apyx Season 2 points.