Staked USN · by Noon · stable
sUSN is the staked, yield-bearing version of USN, Noon's market-neutral synthetic dollar. Noon intelligently allocates capital across delta-neutral strategies to maximize through-cycle returns, distributing over 90% of raw returns to holders.
Spiral Stake supplies sUSN as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more sUSN — looping in a single transaction to amplify the underlying Delta-Neutral Strategies 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 sUSN yield is a strategy that loops sUSN on the Morpho lending protocol to multiply your exposure to its Delta-Neutral Strategies yield. Spiral Stake executes the whole loop in a single transaction.
sUSN earns yield from Delta-Neutral Strategies, issued by Noon. 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.