PT-reUSD/USDC PT Looping: Up to 34% APY

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

10.79%

Net borrow APY

8.27%

Max leverage

11.4x

Default leverage

10.5x → 34.73% APY

Leverage ladder

1x 10.79% · 2x 13.31% · 3x 15.83% · 4x 18.35% · 5x 20.87% · 6x 23.39% · 7x 25.91% · 8x 28.43% · 9x 30.95% · 10x 33.47% · 11x 35.99% · 11.4x(max) 37.00%

Oracle type

nav

Exit slippage

$100k 0.09% · $500k 0.12% · $1M 0.12% · $5M 0.17% · $10M 17.52%

as-of 2026-08-20T09:34:34.372Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

Re website · All strategies