6.1% fixed on Pfizer. Here's how. The questions we got today, answered. "Where does the yield come from?" The pool sells pPFE, Pfizer with its dividends stripped out, for 0.927 of a share. It's a full share again on 31 Dec 2027. A 7.3% discount over 15 months is 6.1% a year, locked the second you buy. "Why not just stake stables?" Staking pays you to lend dollars. This pays you to hold a stock you wanted anyway. If you'd own Pfizer either way, this is Pfizer plus a rate you know in advance. "What's the catch?" Your money follows Pfizer's price. That's the one variable. The rate doesn't move, even if Pfizer cuts the dividend. "Can I get out?" Any day. Sell it back on Uniswap, the pool takes its usual 0.3% swap fee, no lockup, no maturity to wait for. "Can I go bigger?" On the S&P version, yes. Post pSPY on Morpho, borrow USDG at 0.79%, buy more pSPY. That's the loop. Thin spread on SPY and you're levered to the index, so size it like you mean it.