MNKN
Dashboards / Pendle / sUSD3
sUSD3
EthereumMatures 17 Dec 2026, 49 daysUnderlying sUSD3 at $1.3361
Implied APY
25.52%
fixed rate to maturity
Underlying APY
13.61%
+11.91 pts implied minus underlying
Max APY (LP)
24.96%
Liquidity
$1.20M
TVL
$2.69M
24h volume
$120.3K
Implied 25.52% against 13.61% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$2.69M 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 sUSD3, in Pendle's words and ours.
Class RWA-backed (off-chain collateral)stablesrwa
What it is
sUSD3 is the junior tranche vault token for 3jane's lending markets. Depositors contribute USDC or USD3 and receive sUSD3, which appreciates in value as the vault compounds yield from uncollateralized crypto loans and off-chain fintech installment loans originated by 3jane.
There is an ongoing $JANE emissions program for this pool. Refer to the here for the latest APY and reward details.
Quirks
sUSD3 can be unstaked after 30 days, subject to available liquidity. Each new stake will reset the 30-day lock period.
Risk involved
sUSD3 is the junior tranche (first-loss capital) of 3jane's lending markets, meaning it bears the first losses in the event of borrower defaults — both from uncollateralized crypto loans and off-chain fintech installment loans.
(From Underlying Protocol)
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.