Ethena sUSDe:
DefiLlama:
└ APY: 4.5% (⌀5.2%)
Pendle Market:
├ APY: 5.29% (7‑DMA)
├ APR: 5.16%
└ Implied APY: 0.00% (+0.16% 24h)

Cap stcUSD:
DefiLlama:
└ APY: 7.6% (⌀8.0%)
Pendle Market:
├ APY: 8.27% (7‑DMA)
├ APR: 7.95%
└ Implied APY: 10.22% (-5.43% 24h)

Resolv: (+20% points)
├ RLP: 8.6% (⌀7.8%)
│ └ 4× Morpho: 11.7%
├ stUSR: 4.9% (⌀4.5%)
│ └ 4× Morpho: 16.0%
└ Curve wstUSR‑RLP: 7.0% (⌀6.7%)

Curve:
└ scrvUSD: 7.5% (⌀10.7%)

Curve LP:
├ USDC‑USDT: 6.2% (⌀4.2%)
├ USDT‑USDE: 7.0% (⌀5.2%)
├ frxUSD‑crvUSD: 12.6% (⌀11.5%) 🥈 🥇
├ USDT‑crvUSD: 12.1% (⌀10.4%)
└ USDC‑crvUSD: 11.2% (⌀9.7%)

Frax:
└ sfrxUSD: 5.0% (⌀5.1%)

MakerDAO:
└ sUSDS: 4.5% (⌀4.5%)

Inverse Finance:
└ sDOLA: 5.8% (⌀5.3%)

Fluid:
Ethereum:
├ USDC: 4.9% (⌀4.9%)
└ USDT: 5.7% (⌀5.6%)

Arbitrum:
├ USDC: 5.2% (⌀5.6%)
└ USDT: 5.5% (⌀5.4%)

Base:
└ USDC: 5.3% (⌀5.6%)

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