USP is Piku Finance's yield-optimized stablecoin that appreciates in value through a diversified backing strategy including FX arbitrage and DeFi protocols, rather than maintaining a fixed $1 peg.
This is a max-APY yield loop: USP is supplied as collateral and USDC is borrowed against it on Morpho, then recycled back into USP to multiply the underlying FX Arbitrage + DeFi yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.
Live APY, leverage multiplier and available liquidity are shown in the app.