PT-stcUSD is a Pendle Principal Token on stcUSD, Cap's yield-bearing stablecoin backed by cUSD. It represents a fixed-yield position with yield generated by Cap's autonomous operator network, maturing 23 Jul 2026.
This is a max-APY yield loop: PT-stcUSD is supplied as collateral and USDT is borrowed against it on Morpho, then recycled back into PT-stcUSD to multiply the underlying Operator Yield 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.