> For the complete documentation index, see [llms.txt](https://docs.markovlabs.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.markovlabs.xyz/resources/research-and-insight/pt-apxusd-market-fixed.md).

# PT-apxUSD Market (Fixed)

This report outlines the parameterization of a fixed-rate market on Fira using PT-apxUSD (June 17th maturity) as collateral. PT-apxUSD represents a dividend-backed stablecoin supported by Digital Asset Treasuries and carries a relatively higher risk profile compared to traditional stablecoins (for more information visit [here](https://docs.apyx.fi/)).

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