Ethena sUSDe:
DefiLlama:
└ APY: 5.3% (⌀5.2%)
Pendle Market:
├ APY: 5.18% (7‑DMA)
├ APR: 5.05%
└ Implied APY: 6.61% (+0.74% 24h)

Cap stcUSD:
DefiLlama:
└ APY: 7.3% (⌀9.0%)
Pendle Market:
├ APY: 9.37% (7‑DMA)
├ APR: 8.96%
└ Implied APY: 12.00% (-9.80% 24h)

Resolv: (+20% points)
├ RLP: 9.1% (⌀10.3%)
│ └ 4× Morpho: 15.0%
├ stUSR: 5.2% (⌀5.7%)
│ └ 4× Morpho: 1.6%
└ Curve wstUSR‑RLP: 8% (⌀8.5%)

Curve:
└ scrvUSD: 5.8% (⌀7.3%)

Curve LP:
├ USDC‑USDT: 2.9% (⌀3.1%)
├ USDT‑USDE: 4.8% (⌀4.9%)
├ frxUSD‑crvUSD: 10.5% (⌀11.9%) 🥈 🥇
├ USDT‑crvUSD: 9.3% (⌀9.8%)
└ USDC‑crvUSD: 8.8% (⌀9.4%)

Frax:
└ sfrxUSD: 5.1% (⌀5.1%)

MakerDAO:
└ sUSDS: 4.5% (⌀4.5%)

Inverse Finance:
└ sDOLA: 5.9% (⌀6.2%)

Fluid:
Ethereum:
├ USDC: 6.8% (⌀7.1%)
└ USDT: 4.9% (⌀5.3%)

Arbitrum:
├ USDC: 6.3% (⌀6.1%)
└ USDT: 5.0% (⌀4.7%)

Base:
└ USDC: 6.8% (⌀6.5%)

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