PT USDat 27AUG2026 · by Saturn · stable-PT
PT-USDat is a Pendle Principal Token on USDat, Saturn's stablecoin backed 100% by digital credit (STRC). It represents a fixed-yield position on digital credit dividends, maturing 27 Aug 2026.
Spiral Stake supplies PT-USDat as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more PT-USDat — looping in a single transaction to amplify the underlying Digital 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-USDat yield is a strategy that loops PT-USDat on the Morpho lending protocol to multiply your exposure to its Digital Credit yield. Spiral Stake executes the whole loop in a single transaction.
PT-USDat earns yield from Digital Credit, issued by Saturn. 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.