spUSDG Yield: Earn up to 7% APY on spUSDG/USDG

spUSDG is Spark's yield-bearing Savings Vault for USDG (Global Dollar). Deposited USDG is pulled by the Spark Liquidity Layer and deployed into yield-bearing strategies, with returns accruing to holders through a rising exchange rate set by the on-chain Vault Savings Rate. Issued as an ERC-4626 vault on Robinhood Chain.

How the strategy works

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

Strategy details

Collateral asset

Spark Savings USDG (spUSDG)

Borrowed asset

USDG

Issuer

Spark

Yield source

Spark Liquidity Layer

Underlying

USDG

Category

stable

Network

Robinhood

Protocol

Morpho

Live metrics

Collateral APY

3.50%

Net borrow APY

3.03%

Max leverage

11.4x

Default leverage

10.5x → 7.97% APY

Leverage ladder

1x 3.50% · 2x 3.97% · 3x 4.44% · 4x 4.91% · 5x 5.38% · 6x 5.85% · 7x 6.32% · 8x 6.79% · 9x 7.26% · 10x 7.73% · 11x 8.20% · 11.4x(max) 8.39%

Oracle type

nav

Exit slippage

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

as-of 2026-09-29T07:25:49.926Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=4663

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