PT-reUSD Max APY Yield Strategy

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

10.73%

Net borrow APY

7.45%

Max leverage

11.4x

Default leverage

10.5x → 41.89% APY

Leverage ladder

1x 10.73% · 2x 14.01% · 3x 17.29% · 4x 20.57% · 5x 23.85% · 6x 27.13% · 7x 30.41% · 8x 33.69% · 9x 36.97% · 10x 40.25% · 11x 43.53% · 11.4x(max) 44.84%

Oracle type

nav

Exit slippage

$100k 0.02% · $500k 0.03% · $1M 0.03% · $5M 0.08% · $10M 0.13%

as-of 2026-08-14T07:18:50.132Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

Re website · All strategies