siUSD Yield: Loop up to 11x on siUSD/USDC

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
5.91%
Net borrow APY
6.33%
Max leverage
11.4x
Default leverage
10.5x → 1.92% APY
Leverage ladder
1x 5.91% · 2x 5.49% · 3x 5.07% · 4x 4.65% · 5x 4.23% · 6x 3.81% · 7x 3.39% · 8x 2.97% · 9x 2.55% · 10x 2.13% · 11x 1.71% · 11.4x(max) 1.54%
Oracle type
nav
Exit slippage
$100k 0.00% · $500k 0.00% · $1M 0.00% · $5M 0.00% · $10M 0.00%

as-of 2026-08-20T09:34:34.372Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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