PT-reUSD/USDT PT Looping: Up to 30% 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 USDT 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

USDT

Issuer

Re

Yield source

Reinsurance Premiums

Underlying

USDC

Category

stable-PT

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

10.79%

Net borrow APY

8.72%

Max leverage

11.4x

Default leverage

10.5x → 30.46% APY

Leverage ladder

1x 10.79% · 2x 12.86% · 3x 14.93% · 4x 17.00% · 5x 19.07% · 6x 21.14% · 7x 23.21% · 8x 25.28% · 9x 27.35% · 10x 29.42% · 11x 31.49% · 11.4x(max) 32.32%

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

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