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

5.54%

Net borrow APY

9.39%

Max leverage

11.4x

Default leverage

10.5x → -31.04% APY

Leverage ladder

1x 5.54% · 2x 1.69% · 3x -2.16% · 4x -6.01% · 5x -9.86% · 6x -13.71% · 7x -17.56% · 8x -21.41% · 9x -25.26% · 10x -29.11% · 11x -32.96% · 11.4x(max) -34.50%

Oracle type

nav

Exit slippage

$100k 0.00% · $500k 0.00% · $1M 0.00% · $5M 0.00% · $10M 0.00%

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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