# Staked USDC (wUSDM) Leverage

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This investment strategy can be proceeded on **MANTA PACIFIC** network
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## Leverage Staked USDC (wUSDM) rewards

Staking rewards for USDC with Mountain Protocol Liquid Staking wUSDM token is currently at around 5% APY. In addition to that, Manta Pacific Network is providing MANTA token reward at the same time. Users can leverage staked USDC rewards as below:

**1️⃣** Deposit **wUSDM**<img src="https://2587312998-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfBmjAYeWWSAQQ1kv1IIx%2Fuploads%2Fh8gGqPe55TAP0rF7Jq8i%2Fimage.png?alt=media&#x26;token=ef8aa9f2-1a0c-4429-95c7-376e7a2e5664" alt="" data-size="line"> on Shoebill V2&#x20;

**2️⃣** Borrow **USDC**<img src="https://2587312998-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfBmjAYeWWSAQQ1kv1IIx%2Fuploads%2FBNzGjnnycd6vI1XvMDDT%2Fimage.png?alt=media&#x26;token=bd6fe5e9-c449-49bd-9071-681c362b42b3" alt="" data-size="line"> or **wUSDM**<img src="https://2587312998-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FfBmjAYeWWSAQQ1kv1IIx%2Fuploads%2F7FYAjtj5b4XGePCDPWBZ%2Fimage.png?alt=media&#x26;token=2d94f0de-f29a-4fd3-a651-3f8ea04df796" alt="" data-size="line">

**3️⃣** Deposite **USDC** through [**Manta New Paradigm**](https://newparadigm.manta.network/?inviteCode=AUPB6) and exchange to **wUSDM**

**4️⃣** Deposite **wUSDM** on Shoebill V2 again

**5️⃣** Repeat other process

**Users can leverage for higher APY with low liquidation risk**

## How does Shoebill returns staking rewards cumulated to wUSDM?

**wUSDM** is reward accuring token of which the exchange rate increases based on the value comparing to **USDC**. Shoebill V2 returns the exact quantity to the depositors.

## Where can I get wUSDM?

[**Acquiring wUSDM on Manta New Paradigm**](https://newparadigm.manta.network/?inviteCode=AUPB6)


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