sNUSD is the staked, yield-bearing version of NUSD, Neutrl's fully collateralized market-neutral synthetic dollar. Yield is generated through OTC arbitrage, funding rate capture, and other market-neutral DeFi strategies with no directional market exposure.
This is a max-APY yield loop: sNUSD is supplied as collateral and USDC is borrowed against it on Morpho, then recycled back into sNUSD to multiply the underlying OTC Arbitrage 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.