PT USD3 17DEC2026 · by 3Jane · stable-PT
USD3 is the senior tranche of 3Jane's onchain credit pool, backed by uncollateralized USDC credit lines to qualified cryptonatives and short-duration receivables purchased from U.S. fintech lenders. PT-USD3 is a Pendle Principal Token representing a fixed-yield position on USD3, maturing 17 Dec 2026.
Spiral Stake supplies PT-USD3 as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more PT-USD3 — looping in a single transaction to amplify the underlying Uncollateralized Credit 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-USD3 yield is a strategy that loops PT-USD3 on the Morpho lending protocol to multiply your exposure to its Uncollateralized Credit yield. Spiral Stake executes the whole loop in a single transaction.
PT-USD3 earns yield from Uncollateralized Credit, issued by 3Jane. 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.