Share a revolving loan with some risk but decent yield, the DeFi favorite in crypto circles turned into an American stock version.

Created rSTRC, the on-chain version of STRC. STRC is a perpetual preferred stock issued by Strategy, with a face value of $100, now trading at a discount to $80, with a fixed dividend of $12 per share per year, roughly a 15% dividend yield.
Since it comes from preferred stock, it is not affected by BTC price fluctuations. The company's next major debt maturity is in 2028, so medium- to short-term debt repayment pressure is low. Moreover, MSTR has also surrendered, saying it will sell coins to repay debt. In the short term, the consensus should not be to liquidate it first and then buy the dip.
Using the UTA account revolving position model, with $10k principal and 3% USDT borrowing cost, looking only at dividends, 3x leverage yields $3,990 per year, 4x yields $5,220, and 5x yields $6,450.
Of course, this assumes STRC stays flat at $80, giving roughly 40% yield. If it returns to $100, combined with fixed dividends, it would be about 140% yield. You can calculate it yourself.
Risk points:
1. rSTRC de-pegs, then you'll just have to seek redress.
2. Could STRC fail to re-peg and instead drop? This is possible because it's a perpetual preferred stock, so it depends on the market's view of STRC, after all it's not debt.