USP Yield Optimized Stablecoin · by PikuDAO · stable
USP is PikuDAO's yield-optimized stablecoin that appreciates in value through a diversified backing strategy including FX arbitrage and DeFi protocols, rather than maintaining a fixed $1 peg.
Spiral Stake supplies USP as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more USP — looping in a single transaction to amplify the underlying FX Arbitrage 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 USP yield is a strategy that loops USP on the Morpho lending protocol to multiply your exposure to its FX Arbitrage yield. Spiral Stake executes the whole loop in a single transaction.
USP earns yield from FX Arbitrage, issued by PikuDAO. 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.