stUSDS Max APY Yield Strategy

stUSDS is a yield-bearing token representing staked USDS, Sky Protocol's decentralized dollar. Holders earn the Sky Savings Rate (SSR), funded by Sky's revenue from crypto-collateralized loans, T-Bill investments, and SparkLend liquidity provisioning.

How the strategy works

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

Strategy details

Collateral asset

Staked USDS (stUSDS)

Borrowed asset

USDT

Issuer

Sky

Yield source

Sky Savings Rate

Underlying

USDS

Category

stable

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

5.68%

Net borrow APY

5.18%

Max leverage

7.0x

Default leverage

6.7x → 8.53% APY

Leverage ladder

1x 5.68% · 2x 6.18% · 3x 6.68% · 4x 7.18% · 5x 7.68% · 6x 8.18% · 7x(max) 8.68%

Oracle type

nav

Exit slippage

$100k 0.00% · $500k 0.00% · $1M 0.00% · $5M 0.00% · $10M 0.00%

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

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