ETHPlus · by Reserve · ETH
ETH+ is a diversified LST index token issued by the Reserve Protocol, backed by a basket of leading Ethereum liquid staking tokens. It is over-collateralized and designed to mitigate single-LST risk while earning diversified staking yield.
Spiral Stake supplies ETH+ as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more ETH+ — looping in a single transaction to amplify the underlying LST Basket yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged ETH+ yield is a strategy that loops ETH+ on the Morpho lending protocol to multiply your exposure to its LST Basket yield. Spiral Stake executes the whole loop in a single transaction.
ETH+ earns yield from LST Basket, issued by Reserve. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.