stcUSD is the yield-bearing version of Cap's cUSD stablecoin, earned by staking cUSD. An autonomous network of operators generates yield above the protocol's hurdle rate, with full downside protection verifiable by code.
This is a max-APY yield loop: stcUSD is supplied as collateral and USDT is borrowed against it on Morpho, then recycled back into stcUSD to multiply the underlying Operator Yield 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.