STRC has stopped falling, now at $96.
apxUSD has rebounded from $0.90 to the current $0.9662.
The Net Asset Value per apxUSD is now $1.0019. Once the panic fades, it should re-peg to $1.
Overall, apxUSD remains safe.
- It is backed by 62.14% STRC + 37.84% cash & equivalents.
- STRC is solid and unlikely to drop sharply, since MicroStrategy’s BTC holdings are worth 3x STRC.
So, don't overreact.
apxUSD has depegged.
Now at $0.9778.
apxUSD’s underlying asset is MicroStrategy’s STRC.
STRC’s price drop, combined with a low collateral ratio, caused the depeg.
I’m not too worried about apxUSD. It’ll repeg eventually.
That said, as a stablecoin, staying depegged for too long could seriously damage user confidence and hurt adoption.
@apyx_fi should take action.
apxUSD has depegged.
Now at $0.9778.
apxUSD’s underlying asset is MicroStrategy’s STRC.
STRC’s price drop, combined with a low collateral ratio, caused the depeg.
I’m not too worried about apxUSD. It’ll repeg eventually.
That said, as a stablecoin, staying depegged for too long could seriously damage user confidence and hurt adoption.
@apyx_fi should take action.
Holding Pendle YT USDat on BNB Chain now gets you 72x points until June 6th.
The fastest way to earn points.
- Bridge USDat from Ethereum to BNB Chain
- Mint PT & YT on Pendle.
If you don't have much money, just spend $100 to buy YT USDat on Pendle.
@saturn_credit is a solid project. Get in early, big surprise at TGE.
My ref code: JETXBT
LFG!🚀
Just invested $200K into @saturn_credit .
Swapped to ethereum:0x23238f20b894f29041f48d88ee91131c395aaa71 , then minted PT & YT on Pendle and earned 30x points.
Saturn is a solid stablecoin project incubated by @yzilabs .
ethereum:0x23238f20b894f29041f48d88ee91131c395aaa71 is backed by treasuries and $sUSDat by MicroStrategy's STRC. Super safe.
My ref code: JETXBT
LFG!🚀
HTX has been sanctioned by the UK.
But the bigger crisis is still coming — Justin Sun pissed off the Trump family.
If you’re an HTX user, withdraw all your funds immediately.😱
Stay far away from that scam exchange forever.
Just a reminder: for customers who have engaged in arbitrage trading between OKX and HTX in the past, continuing fund transfers between the two platforms after this action may trigger additional scrutiny on your OKX account. Please avoid this behavior.
Just invested $200K into @saturn_credit .
Swapped to ethereum:0x23238f20b894f29041f48d88ee91131c395aaa71 , then minted PT & YT on Pendle and earned 30x points.
Saturn is a solid stablecoin project incubated by @yzilabs .
ethereum:0x23238f20b894f29041f48d88ee91131c395aaa71 is backed by treasuries and $sUSDat by MicroStrategy's STRC. Super safe.
My ref code: JETXBT
LFG!🚀