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Dashboards / Pendle / sUSDD
sUSDD
EthereumMatures 26 Nov 2026, 28 daysUnderlying sUSDD at $1.0686
Implied APY
5.35%
fixed rate to maturity
Underlying APY
4.00%
+1.35 pts implied minus underlying
Max APY (LP)
6.14%
Liquidity
$5.15M
TVL
$21.15M
24h volume
$0
Implied 5.35% against 4.00% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$21.15M 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 sUSDD, in Pendle's words and ours.
Class Stablecoin (issuer unverified)stablesyt-leverage
What it is
sUSDD represents the yield-bearing version of USDD. Yield is generated through the Smart Allocator, which manages the USDD protocol's over-collateralized reserves.
To generate yield, the Smart Allocator identifies and moves idle reserve assets into whitelisted DeFi protocols (such as JustLend DAO, Spark, or Morpho). The earnings are then funneled back and generates yield for sUSDD.
Quirks
This market has no special quirks
Risk involved
This pool has minimal risk of generating negative yield
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.