Fixed yields on Pendle’s sUSDe markets have reached 5% APY, their highest level in three months, as demand for predictable DeFi returns continues to grow. PT-sUSDe pools have recorded fixed yields of 5.04%, exceeding the underlying on-chain yield of 4.2%. The sUSDS fixed-yield market attracted $50 million in total value locked within its first two weeks. Pendle’s fixed offerings are roughly 140 basis points higher than Sky’s Savings Rate, which currently sits around 3.6%. Historically, Pendle has absorbed roughly $204 million of sUSDe’s total realized gains of approximately $406 million.
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