PT-reUSD Max APY Yield Strategy

reUSD is Re Protocol’s USDC-backed yield-bearing stablecoin, earning yield from reinsurance risk premiums via tokenized real-world reinsurance markets and providing on-chain access to insurance industry returns.

How the strategy works

This is a max-APY yield loop: PT-reUSD is supplied as collateral and USDC is borrowed against it on Morpho, then recycled back into PT-reUSD to multiply the underlying Reinsurance Premiums yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.

Strategy details

Collateral asset

PT reUSD 10DEC2026 (PT-reUSD)

Borrowed asset

USDC

Issuer

Re

Yield source

Reinsurance Premiums

Underlying

USDC

Category

stable-PT

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

10.73%

Net borrow APY

8.14%

Max leverage

11.4x

Default leverage

10.5x → 35.34% APY

Leverage ladder

1x 10.73% · 2x 13.32% · 3x 15.91% · 4x 18.50% · 5x 21.09% · 6x 23.68% · 7x 26.27% · 8x 28.86% · 9x 31.45% · 10x 34.04% · 11x 36.63% · 11.4x(max) 37.67%

Oracle type

nav

Exit slippage

$100k 0.02% · $500k 0.03% · $1M 0.03% · $5M 0.08% · $10M 0.13%

as-of 2026-08-14T07:18:50.132Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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