MNKN
Dashboards / Pendle / sUSN
sUSN
EthereumMatures 22 Jul 2027, 266 daysUnderlying sUSN at $1.2311
Implied APY
8.61%
fixed rate to maturity
Underlying APY
7.39%
+1.22 pts implied minus underlying
Max APY (LP)
8.43%
Liquidity
$1.19M
TVL
$1.21M
24h volume
$0
Implied 8.61% against 7.39% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$1.21M locked in this market
Market TVL, USD, daily
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
The collateral
The underlying asset is the risk in a Pendle position. What backs sUSN, in Pendle's words and ours.
Class Stablecoin (issuer unverified)stablespoints
What it is
sUSN represents staked USN, which is a stablecoin pegged 1:1 to the US Dollar, created by Noon.
It earns yield via allocating Noon's collateral to a basket of delta-neutral strategies and will also earn 10x Noon points per sUSN underlying. There is an ongoing points campaign and Pendle users will earn 120x for YT and LP.
Quirks
NA
Pendle has published no risk notes for this market.
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.