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

6.29%

Net borrow APY

6.94%

Max leverage

11.4x

Default leverage

10.5x → 0.12% APY

Leverage ladder

1x 6.29% · 2x 5.64% · 3x 4.99% · 4x 4.34% · 5x 3.69% · 6x 3.04% · 7x 2.39% · 8x 1.74% · 9x 1.09% · 10x 0.44% · 11x -0.21% · 11.4x(max) -0.47%

Oracle type

nav

Exit slippage

$100k 0.04% · $500k 0.04% · $1M 0.04% · $5M 0.04% · $10M 0.04%

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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