PT-reUSD/USDC PT Looping: Up to 45% 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

11.50%

Net borrow APY

7.97%

Max leverage

11.4x

Default leverage

10.5x → 45.04% APY

Leverage ladder

1x 11.50% · 2x 15.03% · 3x 18.56% · 4x 22.09% · 5x 25.62% · 6x 29.15% · 7x 32.68% · 8x 36.21% · 9x 39.74% · 10x 43.27% · 11x 46.80% · 11.4x(max) 48.21%

Oracle type

nav

Exit slippage

$100k 0.12% · $500k 0.13% · $1M 0.13% · $5M 0.17% · $10M 0.23%

as-of 2026-09-29T07:25:49.782Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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