XAUt Leveraged Long by Tether Gold

XAUt (Tether Gold) is backed 1:1 by physical gold held in Tether's reserves, with each token representing one troy ounce of gold on a London Good Delivery bar. It brings gold price exposure on-chain as a liquid ERC-20.

How the strategy works

This is a leveraged long on XAUt: you supply XAUt as collateral, borrow USDT against it on Morpho, and loop to increase exposure to Gold. Every cost and liquidation threshold is shown upfront before you confirm.

Strategy details

Collateral asset

Tether Gold (XAUt)

Borrowed asset

USDT

Issuer

Tether Gold

Yield source

None

Underlying

Gold

Category

Other

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

0.00%

Net borrow APY

4.87%

Max leverage

4.3x

Default leverage

4.2x → -15.58% APY

Leverage ladder

1x 0.00% · 2x -4.87% · 3x -9.74% · 4x -14.61% · 4.3x(max) -16.07%

Oracle type

market

Exit slippage

$100k 0.36% · $500k 0.60% · $1M 0.86% · $5M 1.42% · $10M 23.69%

as-of 2026-09-29T07:25:49.782Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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