sUSDai is the yield-bearing token of USD.AI, minted by staking USDai, a synthetic dollar fully backed by liquid cash-equivalent reserves. Yield comes from non-recourse loans secured by GPU fleets and the cashflows those assets generate, plus T-Bill returns on idle reserves, and accrues through a rising USDai-per-sUSDai exchange rate. sUSDai is not itself a stablecoin: it carries AI infrastructure credit risk and its protocol redemptions are epoch-based.
This is a max-APY yield loop: sUSDai is supplied as collateral and AUSD is borrowed against it on Morpho, then recycled back into sUSDai to multiply the underlying GPU-Backed Lending yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.
as-of 2026-09-29T07:25:49.782Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1