10.98% is a great yield, but this strategy is risky, as it puts complete faith in the wstETH oracle on Prisma. Any oracle issues could lead to a complete loss of funds from a liquidation.
If seeking higher yields for the treasury, JPEG’d should consider an option like OETH, that requires no leverage, management of a position, or liquidations. This past Monday OETH yield surpassed 17% APY. I recommend reading the OETH proposal posted to the JPEG’d forum 10 days ago: PIP-Treasury Yield Optimization