Ethena sUSDe:
DefiLlama:
└ APY: 4.9% (⌀5.2%)
Pendle Market:
├ APY: 5.20% (7‑DMA)
├ APR: 5.07%
└ Implied APY: 6.42% (-1.04% 24h)

Cap stcUSD:
DefiLlama:
└ APY: 18.5% (⌀13.4%) 🥈
Pendle Market:
├ APY: 12.42% (7‑DMA)
├ APR: 11.71%
└ Implied APY: 12.90% (+12.38% 24h)

Resolv: (+20% points)
├ RLP: 10.3% (⌀10.5%)
│ └ 4× Morpho: -4.0%
├ stUSR: 5.5% (⌀5.6%)
│ └ 4× Morpho: -4.0%
└ Curve wstUSR‑RLP: 8.8% (⌀8.7%)

Curve:
└ scrvUSD: 4.0% (⌀4.0%)

Curve LP:
├ USDC‑USDT: 4.8% (⌀4.7%)
├ USDT‑USDE: 4.3% (⌀3.8%)
├ frxUSD‑crvUSD: 16.5% (⌀15.7%) 🥇
├ USDT‑crvUSD: 11.8% (⌀12.4%)
└ USDC‑crvUSD: 11.2% (⌀12.1%)

Usual:
└ USD0++: 3.2% (⌀2.9%)

Frax:
└ sfrxUSD: 4.7% (⌀5.0%)

MakerDAO:
└ sUSDS: 4.2% (⌀4.4%)

Inverse Finance:
└ sDOLA: 6.5% (⌀6.5%)

Fluid:
Ethereum:
├ USDC: 7.4% (⌀6.5%)
└ USDT: 5.6% (⌀5.8%)

Arbitrum:
├ USDC: 7.7% (⌀7.2%)
└ USDT: 7.3% (⌀6.8%)

Base:
└ USDC: 6.8% (⌀6.5%)

DefiLlama data updates once per day.
⌀ – 7‑day average