Amplify Staking Yield with Supersmooth Yield Loops

Supersmooth Yield Loops lever yield spreads on correlated asset pairs such as wstETH/ETH in a single transaction. Learn how they work, what they cost, and the key depeg risk to watch.

Supersmooth Yield Loops are multiplied yield strategies on correlated assets such as wstETH against ETH, weETH against ETH, and sUSDe against USDC. They are built on the Supersmooth Multiply engine but are priced differently and visualized differently in the interface, because the multiple involved is materially higher and it produces a yield rather than directional exposure. A Supersmooth Yield Loop combines the mechanics of a Multiply position and an Earn position. Functionally, a Yield Loop multiplies a yield spread, not price direction.

Why use Supersmooth Yield Loops

• Multiply a staking yield. wstETH earns staking yield, and ETH borrow rates are usually below that staking yield. Looping at 5x to 10x turns a staking yield of roughly 3% into a meaningfully higher net APY on user equity, while exposure remains ETH-denominated.
• The spread is the trade. Because collateral and debt are correlated in a Yield Loop, price moves affect both sides together. Liquidation risk therefore comes primarily from depeg or rate inversion, not from price direction.
• Free position adjustments. Supersmooth never charges for Yield Loop adjustments. You pay only gas when actively managing a Yield Loop position.

Features

• One-transaction open at target multiple, sometimes greater than 10x on deep correlated markets
• One-transaction multiple increase or decrease, which is always free of Supersmooth fees
• One-transaction close
• Net APY displayed with all costs included: venue rate, Supersmooth spread, and staking yield
• Dedicated management pages to view earnings and current rates, and to manage positions

Fees

Fee	How it works
Yield Loop Spread	Applies while the position is open. The venue borrow rate multiplied by 1.5%, capped at 10 bps APR. Stated plainly: 1.5% of your rate, never more than 0.10%. The Yield Loop Spread is already included in the displayed net APY.
Loop Close Fee	A flat 10 bps of the unwind swap at close. Yield Loop adjustments are always free.

Key risk

The key risk in a Supersmooth Yield Loop is depeg. A correlated asset losing its peg moves LTV quickly and is the highest-velocity path to liquidation in otherwise conservative strategies.

Related pages

• Multiply for the underlying multiply engine
• Earn for single-asset passive yield strategies
• Automations for automated protection on Yield Loops