Ethena sUSDe:
DefiLlama:
└ APY: 5.2% (⌀5.1%)
Pendle Market:
├ APY: 5.07% (7‑DMA)
├ APR: 4.95%
└ Implied APY: 6.57% (+0.87% 24h)

Cap stcUSD:
DefiLlama:
└ APY: 10.3% (⌀10.9%)
Pendle Market:
├ APY: 11.64% (7‑DMA) 🥈
├ APR: 11.01%
└ Implied APY: 13.08% (-10.81% 24h)

Resolv: (+20% points)
├ RLP: 9.4% (⌀10.3%)
│ └ 4× Morpho: 19.5%
├ stUSR: 5.2% (⌀5.6%)
│ └ 4× Morpho: 10.4%
└ Curve wstUSR‑RLP: 8.1% (⌀8.6%)

Curve:
└ scrvUSD: 8.7% (⌀8.9%)

Curve LP:
├ USDC‑USDT: 3.1% (⌀3.8%)
├ USDT‑USDE: 5.0% (⌀5.3%)
├ frxUSD‑crvUSD: 10.9% (⌀13.5%) 🥇
├ USDT‑crvUSD: 8.7% (⌀10.5%)
└ USDC‑crvUSD: 8.8% (⌀9.9%)

Frax:
└ sfrxUSD: 5.1% (⌀4.9%)

MakerDAO:
└ sUSDS: 4.5% (⌀4.5%)

Inverse Finance:
└ sDOLA: 6.4% (⌀6.9%)

Fluid:
Ethereum:
├ USDC: 6.8% (⌀7.0%)
└ USDT: 5.4% (⌀5.8%)

Arbitrum:
├ USDC: 5.8% (⌀6.1%)
└ USDT: 5.2% (⌀5.0%)

Base:
└ USDC: 6.3% (⌀6.7%)

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