Wu Blockchain has learned that the DeFi yield platform Upshift stated that its Core USDC Vault indirectly holds Apyx Finance's synthetic dollar, apxUSD. However, one of the primary backing assets for apxUSD, Strategy Preferred Shares (STRC), has recently been trading consistently below its $100 face value, causing apxUSD to depeg. As a result, related positions have been marked down in valuation. The Core USDC Vault has thus experienced a drawdown of approximately 8%, while the Upshift Gamma USDC Vault saw a drawdown of about 12.8%. Other vault positions remain unaffected. https://(wublock123.com)/news/upshift-core-usdc-vault-8pc-drawdown-apxusd-exposure-to-strc-66084