rETH Max APY Yield Strategy

rETH is Rocket Pool’s liquid staking token representing ETH staked through Rocket Pool’s decentralized validator network, continuously accruing staking rewards via an increasing exchange rate.

How the strategy works

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

Strategy details

Collateral asset

Rocket Pool ETH (rETH)

Borrowed asset

WETH

Issuer

Rocket Pool

Yield source

ETH Staking

Underlying

ETH

Category

ETH

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

2.16%

Net borrow APY

3.60%

Max leverage

17.4x

Default leverage

15.4x → -18.58% APY

Leverage ladder

1x 2.16% · 2x 0.72% · 3x -0.72% · 4x -2.16% · 5x -3.60% · 6x -5.04% · 7x -6.48% · 8x -7.92% · 9x -9.36% · 10x -10.80% · 11x -12.24% · 12x -13.68% · 13x -15.12% · 14x -16.56% · 15x -18.00% · 16x -19.44% · 17x -20.88% · 17.4x(max) -21.46%

Oracle type

nav

Exit slippage

$100k 0.08% · $500k 0.19% · $1M 0.44% · $5M 35.95% · $10M 15.25%

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

Rocket Pool website · All strategies