Staked USDS · by Sky · stable
stUSDS is a yield-bearing token representing staked USDS, Sky Protocol's decentralized dollar. Holders earn the Sky Savings Rate (SSR), funded by Sky's revenue from crypto-collateralized loans, T-Bill investments, and SparkLend liquidity provisioning.
Spiral Stake supplies stUSDS as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more stUSDS — looping in a single transaction to amplify the underlying Sky Savings Rate 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 stUSDS yield is a strategy that loops stUSDS on the Morpho lending protocol to multiply your exposure to its Sky Savings Rate yield. Spiral Stake executes the whole loop in a single transaction.
stUSDS earns yield from Sky Savings Rate, issued by Sky. 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.