EUTBL represents shares in Spiko's fully-licensed EU T-Bills Money Market Fund, investing in European Treasury Bills under the EU regulatory framework.
This is a max-APY yield loop: EUTBL is supplied as collateral and EURCV is borrowed against it on Morpho, then recycled back into EUTBL to multiply the underlying EU T-Bills 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.