How to make your sUSDf APR reach 90%?

Seeing on Pendle, the yield of PT-sUSDf skyrocketed from 9% to 19% APY in less than a month. In this scenario, the first reaction is naturally whether it can be leveraged? The answer is yes! This is inseparable from the cooperation of Silo:

Strategy Logic

Pendle

Buy PT-sUSDf (25 Sep 2025) → Current fixed income approximately 19% APY

Silo

※ Deposit PT-sUSDf into the Silo's isolated market (sUSDf + USDC) as collateral.
※ The cost of borrowing USDC is approximately 8.4–9% APR
※ Circular arbitrage, the borrowed USDC returns to Pendle to buy PT-sUSDf
※ Net profit ≈ 19% – 9% = 10% difference.
※ Use the built-in Leverage in Silo to repeat the layering about 10 times, resulting in a final leverage APY close to 90%!

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Risks and Precautions

※ Liquidation Risk: Silo is an Isolated Market, which has lower risk than a shared pool, but there is still a possibility of liquidation if sUSDf / USDC experiences extreme fluctuations.

※ Utilization Rate: The current utilization rate is at 86%, and borrowing costs vary with the utilization rate, which may compress the APY difference.

※ Position Management: Don't go all in at once, first test with a small position to run through the logic, then consider doubling up!

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Summary

Pendle offers high-yield PT, Silo provides leveraged loops, and the combination of the two creates an efficient leveraged play within a safe framework. The current net interest margin is approximately 10%, and after fully automated looping, it approaches 90% APY! What do you think, is it attractive?

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