PT-reUSD/USDC PT Looping: Up to 47% APY

reUSD is Re Protocol’s USDC-backed yield-bearing stablecoin, earning yield from reinsurance risk premiums via tokenized real-world reinsurance markets and providing on-chain access to insurance industry returns.

How the strategy works

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

Strategy details

Collateral asset

PT reUSD 10DEC2026 (PT-reUSD)

Borrowed asset

USDC

Issuer

Re

Yield source

Reinsurance Premiums

Underlying

USDC

Category

stable-PT

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

12.09%

Net borrow APY

8.35%

Max leverage

11.4x

Default leverage

10.5x → 47.62% APY

Leverage ladder

1x 12.09% · 2x 15.83% · 3x 19.57% · 4x 23.31% · 5x 27.05% · 6x 30.79% · 7x 34.53% · 8x 38.27% · 9x 42.01% · 10x 45.75% · 11x 49.49% · 11.4x(max) 50.99%

Oracle type

nav

Exit slippage

$100k 0.03% · $500k 0.03% · $1M 0.04% · $5M 0.08% · $10M 0.14%

as-of 2026-10-14T08:53:51.306Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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