Pendle’s fixed-rate market for sUSDe has climbed to 5%, marking its highest level in three months, according to a Techub News item citing CryptoBriefing. The product lets users lock in a predefined return at maturity by purchasing the protocol’s principal token.
The reported 5% level stands above the roughly 4.2% underlying on-chain yield tied to sUSDe, and also exceeds the 3.6% Sky Savings Rate. The comparison highlights a premium in Pendle’s fixed-rate market relative to both the base yield source and the savings benchmark mentioned in the report.
The report also said the protocol has historically absorbed about $204 million in realized sUSDe yield. Separately, Pendle’s newly launched sUSDS market drew $50 million in capital within two weeks. No additional details on timing beyond the two-week period were provided in the source item.
Pendle’s fixed-rate market for sUSDe recently reached 5%, the highest level in three months, according to Techub News, which cited CryptoBriefing.
Users can secure a predetermined return at maturity by buying the protocol’s principal token.
The 5% rate is above the roughly 4.2% underlying on-chain return for sUSDe and also higher than the 3.6% Sky Savings Rate.
The report added that the protocol has historically absorbed about $204 million in realized sUSDe yield. Its newly launched sUSDS market attracted $50 million in capital within two weeks.
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