Ethena sUSDe:
DefiLlama:
└ APY: 5.4% (⌀5.3%)
Pendle Market:
├ APY: 5.29% (7‑DMA)
├ APR: 5.16%
└ Implied APY: 7.55% (+0.16% 24h)

Cap stcUSD:
DefiLlama:
└ APY: 8.6% (⌀9.0%)
Pendle Market:
├ APY: 8.72% (7‑DMA)
├ APR: 8.36%
└ Implied APY: 10.47% (+2.53% 24h)

Resolv: (+20% points)
├ RLP: 7.1% (⌀7.7%)
│ └ 4× Morpho: 5.7%
├ stUSR: 3.9% (⌀4.6%)
│ └ 4× Morpho: 5.0%
└ Curve wstUSR‑RLP: 5.9% (⌀6.6%)

Curve:
└ scrvUSD: 12.1% (⌀11.2%) 🥈 🥇

Curve LP:
├ USDC‑USDT: 4.9% (⌀3.5%)
├ USDT‑USDE: 5.1% (⌀4.5%)
├ frxUSD‑crvUSD: 11.0% (⌀10.8%)
├ USDT‑crvUSD: 9.2% (⌀9.5%)
└ USDC‑crvUSD: 8.6% (⌀8.8%)

Frax:
└ sfrxUSD: 5.1% (⌀5.1%)

MakerDAO:
└ sUSDS: 4.5% (⌀4.5%)

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

Fluid:
Ethereum:
├ USDC: 5.3% (⌀5.3%)
└ USDT: 5.2% (⌀5.2%)

Arbitrum:
├ USDC: 5.7% (⌀5.7%)
└ USDT: 5.5% (⌀5.0%)

Base:
└ USDC: 5.7% (⌀5.7%)

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