siUSD Max APY Yield Strategy

siUSD is infiniFi's yield-bearing stablecoin built on a fractional reserve model. Deposited stablecoins are deployed across lending markets (Aave, Fluid) and yield protocols (Pendle, Ethena). Depositors collectively govern the strategy allocation via on-chain governance.

How the strategy works

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

Strategy details

Collateral asset

Staked infiniFi USD (siUSD)

Borrowed asset

USDC

Issuer

infiniFi

Yield source

Lending & Basis

Underlying

USDC

Category

stable

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

5.95%

Net borrow APY

5.49%

Max leverage

11.4x

Default leverage

10.5x → 10.32% APY

Leverage ladder

1x 5.95% · 2x 6.41% · 3x 6.87% · 4x 7.33% · 5x 7.79% · 6x 8.25% · 7x 8.71% · 8x 9.17% · 9x 9.63% · 10x 10.09% · 11x 10.55% · 11.4x(max) 10.73%

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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