Each vault isolates its own risk, fee model, and liquidity pool. New vaults can launch separate markets without touching existing capital.
Borrowers choose $APPEX, USDC, or fiat. $APPEX payouts create structural buy pressure from real transactions.
Every advance generates fees. Fees flow to NAV. LP token value rises with each repayment cycle.
Undeployed USDC routes to Aave to earn base yield while waiting for the next advance.
Available liquidity pays out first. Fully deployed vaults queue until the next repayment cycle lands.
Longer terms lock capital for more time. Longer lockup earns a higher fee. Every rate is negotiated per borrower based on risk, volume, and agreement terms.
capital turns per year at 90-day average terms
Rates vary by utilization, term mix, and market conditions.
Rates vary per borrower based on risk, volume, and negotiated agreement.
Three mechanics tie $APPEX directly to vault activity.
When users request payment in $APPEX, the vault purchases it on the open market. Real transactions create structural buying pressure.
Borrowers who pay protocol fees in $APPEX get 25% lower fees. The discount drives accumulation.
Lock LP tokens and $APPEX together to stake. Stakers receive protocol fees and boost their yield.
Deposit into the vault or draw from it. The protocol operator answers questions before either happens.
