PT Strata Senior USDat 27AUG2026 · by Strata · stable-PT
srUSDat is Strata's senior risk tranche built on Saturn's USDat stablecoin. It offers principal-protected yield with a guaranteed minimum APY tied to a benchmark rate, plus uncapped upside exposure to the underlying USDat yield.
Spiral Stake supplies PT-srUSDat as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more PT-srUSDat — looping in a single transaction to amplify the underlying Yield Tranching 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 PT-srUSDat yield is a strategy that loops PT-srUSDat on the Morpho lending protocol to multiply your exposure to its Yield Tranching yield. Spiral Stake executes the whole loop in a single transaction.
PT-srUSDat earns yield from Yield Tranching, issued by Strata. 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.