PT-USDai carries an estimated max looping APY of 27.13%, maturing October 14, 2026.
A principal token is supplied as collateral, used to borrow a stablecoin, which is swapped back into more of the same token, repeating the cycle.
The 27.13% figure is the top of a range at a specific leverage multiple, not a fixed rate every user receives.
Actual returns depend on Morpho's borrow costs at entry and how those costs shift before the position matures.
Before entering, confirm the live borrow rate and the exact maturity date rather than relying on a headline APY figure.
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