Ethena sUSDe:
DefiLlama:
└ APY: 5.2% (⌀5.3%)
Pendle Market:
├ APY: 5.26% (7‑DMA)
├ APR: 5.12%
└ Implied APY: 7.02% (+0.74% 24h)

Cap stcUSD:
DefiLlama:
└ APY: 11.0% (⌀9.7%) 🥈
Pendle Market:
├ APY: 9.17% (7‑DMA)
├ APR: 8.77%
└ Implied APY: 10.72% (+5.18% 24h)

Resolv: (+20% points)
├ RLP: 8.7% (⌀9.8%)
│ └ 4× Morpho: 13.8%
├ stUSR: 5.0% (⌀5.6%)
│ └ 4× Morpho: 5.4%
└ Curve wstUSR‑RLP: 7.4% (⌀8.0%)

Curve:
└ scrvUSD: 10.2% (⌀7.7%)

Curve LP:
├ USDC‑USDT: 3.3% (⌀3.2%)
├ USDT‑USDE: 4.5% (⌀4.7%)
├ frxUSD‑crvUSD: 10.8% (⌀11.1%) 🥇
├ USDT‑crvUSD: 9.5% (⌀9.4%)
└ USDC‑crvUSD: 9.0% (⌀9.0%)

Frax:
└ sfrxUSD: 5.1% (⌀5.1%)

MakerDAO:
└ sUSDS: 4.5% (⌀4.5%)

Inverse Finance:
└ sDOLA: 5.1% (⌀5.8%)

Fluid:
Ethereum:
├ USDC: 6.3% (⌀6.9%)
└ USDT: 4.4% (⌀4.9%)

Arbitrum:
├ USDC: 6.1% (⌀6.2%)
└ USDT: 4.1% (⌀4.7%)

Base:
└ USDC: 5.8% (⌀6.1%)

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