Ethena Staked USDe (SUSDE) interest rates: staking, lending and yield farming
Every liquid DeFi pool that includes SUSDE: 74 pools across 28 protocols and 12 chains. Live APY with base/reward split, 30-day average and risk flags. Updated 2 h ago
8.12%
Best single-asset APY
8.12%
Best APY incl. pairs
0.42%
Median APY
$2.29B
Liquidity in SUSDE pools
34 / 74
Single-asset / all pools
Best single-asset option right now: 8.12% at Pendle V2 on Monad ($20.8M TVL, 30d avg 8.93%), of which 0.08% is token rewards.
| Pool | APY | 30d avg | TVL ▾ | 30d | Risk | Chain | |
|---|---|---|---|---|---|---|---|
| SUSDE Ethena USDe · 7 days unstaking | 5.02% base 5.02% | 4.61% | $1.31B | Stable Single Stable/Up | Ethereum | Deposit ↗ | |
| SUSDE Aave V3 | 0.00% base 0.00% | 1.31% | $213.5M | Stable Single | Ethereum | Deposit ↗ | |
| SUSDE Aave V3 | 0.00% base 0.00% | 2.01% | $209.9M | Stable Single | Plasma | Deposit ↗ | |
| SUSDE Morpho Blue | 0.00% base 0.00% | 0.00% | $106.8M | Stable Single | Ethereum | Deposit ↗ | |
| SUSDE Aave V3 | 0.00% base 0.00% | 3.14% | $86.9M | Stable Single | Mantle | Deposit ↗ | |
| PT-SUSDE-22OCT2026 Aave V3 | 0.00% base 0.00% | 0.00% | $61.4M | LP IL | Plasma | Deposit ↗ | |
| DOLA-SUSDE Curve DEX | 3.86% base 1.24% + reward 2.62% | 3.86% | $59.8M | Stable LP Reward-heavy Down | Ethereum | Deposit ↗ | |
| DOLA-SUSDE Inverse Finance FiRM · Fixed Borrow Rate | 0.00% | 0.00% | $50.3M | Stable LP | Ethereum | Deposit ↗ | |
| DOLA-SUSDE Convex Finance | 4.63% base 1.24% + reward 3.39% | 5.41% | $50.2M | Stable LP Reward-heavy Stable/Up | Ethereum | Deposit ↗ | |
| SUSDE Pendle V2 · For buying PT-sUSDe-22OCT2026 | 5.23% base 5.23% | 4.89% | $20.8M | Stable Single Stable/Up | Monad | Deposit ↗ | |
| SUSDE Pendle V2 · For LP | Maturity 22OCT2026 | 8.12% base 8.04% + reward 0.08% | 8.93% | $20.8M | Stable Single Stable/Up | Monad | Deposit ↗ | |
| SUSDE Aave V4 · Plus | 0.00% base 0.00% | 0.00% | $18.3M | Stable Single | Ethereum | Deposit ↗ | |
| DOLA-SUSDE Yearn Finance | 5.38% base 5.38% | 5.68% | $9.4M | Stable LP Stable/Up | Ethereum | Deposit ↗ | |
| YVCURVE-DOLA-SUSDE-F Inverse Finance FiRM · Fixed Borrow Rate | 0.00% | 0.00% | $9.4M | LP IL | Ethereum | Deposit ↗ | |
| PT-SUSDE-26NOV2026 Morpho Blue | 0.00% base 0.00% | 0.00% | $7.7M | — | LP IL | Ethereum | Deposit ↗ |
| MPT-SUSDE mStable V2 | 4.59% base 4.59% | 4.62% | $4.1M | — | LP IL Stable/Up | Ethereum | Deposit ↗ |
| SUSDE Pendle V2 · For buying PT-sUSDe-26NOV2026 | 4.89% base 4.89% | 4.65% | $3.9M | — | Stable Single Stable/Up | Ethereum | Deposit ↗ |
| SUSDE Pendle V2 · For LP | Maturity 26NOV2026 | 5.44% base 4.96% + reward 0.48% | 5.47% | $3.9M | — | Stable Single Stable/Up | Ethereum | Deposit ↗ |
| SDAI-SUSDE Curve DEX | 3.73% base 3.73% | 3.63% | $3.7M | — | Stable LP Stable/Up | Ethereum | Deposit ↗ |
| SUSDE Aave V3 · Prime Instance | 0.00% base 0.00% | 0.00% | $3.6M | — | Stable Single | Ethereum | Deposit ↗ |
| SUSDE Pendle V2 · For LP | Maturity 22OCT2026 | 6.28% base 5.30% + reward 0.98% | 5.27% | $3.4M | — | Stable Single Stable/Up | Plasma | Deposit ↗ |
| SUSDE Pendle V2 · For buying PT-sUSDe-22OCT2026 | 5.75% base 5.75% | 5.03% | $3.4M | — | Stable Single Stable/Up | Plasma | Deposit ↗ |
| SUSDE Curve LlamaLend · crvUSD borrow | 0.00% | 0.00% | $2.4M | — | Stable Single | Ethereum | Deposit ↗ |
| REUSD-SUSDE Curve DEX | 5.74% base 5.74% | 6.67% | $2.3M | — | Stable LP Down | Ethereum | Deposit ↗ |
| SUSDE-USDC Hyperion · 0.01% | 0.00% base 0.00% | 0.00% | $2.0M | — | Stable LP | Aptos | Deposit ↗ |
| SUSDE Venus Core Pool | 0.00% base 0.00% | 0.00% | $2.0M | — | Stable Single | BNB Chain | Deposit ↗ |
| SUSDE Morpho Blue | 0.00% base 0.00% | 0.00% | $1.7M | — | Stable Single | Ethereum | Deposit ↗ |
| SCRVUSD-SUSDE Curve DEX | 6.16% base 3.99% + reward 2.17% | 5.37% | $1.4M | — | Stable LP Stable/Up | Ethereum | Deposit ↗ |
| SUSDE-USDT Uniswap V4 · 0.01% | 5.68% base 5.68% | 14.79% | $1.2M | — | Stable LP Stable/Up | Ethereum | Deposit ↗ |
| SUSDE Morpho Blue | 0.00% base 0.00% | 0.00% | $1.2M | — | Stable Single | Ethereum | Deposit ↗ |
| SCRVUSD-SUSDE Convex Finance | 7.79% base 3.99% + reward 3.80% | 6.93% | $1.0M | — | Stable LP Stable/Up | Ethereum | Deposit ↗ |
By protocol
- Ethena USDebest 4.61% · 1 pools · $1.31B
- Aave V3best 0.00% · 5 pools · $575.3M
- Morpho Bluebest 0.00% · 4 pools · $117.4M
- Curve DEXbest 5.74% · 4 pools · $67.3M
- Inverse Finance FiRMbest 0.00% · 2 pools · $59.6M
- Pendle V2best 8.12% · 6 pools · $56.3M
- Convex Financebest 6.93% · 2 pools · $51.3M
- Aave V4best 0.00% · 1 pools · $18.3M
- Yearn Financebest 5.38% · 1 pools · $9.4M
- mStable V2best 4.59% · 1 pools · $4.1M
Borrow SUSDE 13 markets
| Market | Chain | Borrow APY | Supply APY | Supplied | Borrowed | LTV |
|---|---|---|---|---|---|---|
| SUSDEMorpho Blue | Ethereum | 4.05% | 0.00% | $106.8M | $93.2M | 92% |
| DOLA-SUSDEInverse Finance FiRM | Ethereum | 4.74% | 0.00% | $50.3M | $44.3M | 92% |
| YVCURVE-DOLA-SUSDE-FInverse Finance FiRM | Ethereum | 4.74% | 0.00% | $9.4M | $8.3M | 92% |
| PT-SUSDE-26NOV2026Morpho Blue | Ethereum | 3.55% | 0.00% | $7.7M | $6.8M | 92% |
| SUSDECurve LlamaLend | Ethereum | 2.89% | 0.00% | $6.5M | $5.9M | 97% |
Top single-asset SUSDE pools by APY TVL ≥ $1M
- Pendle V2 Monad · For LP | Maturity 22OCT20268.12% · 30d 8.93% · $20.8M
- Pendle V2 Plasma · For LP | Maturity 22OCT20266.28% · 30d 5.27% · $3.4M
- Pendle V2 Plasma · For buying PT-sUSDe-22OCT20265.75% · 30d 5.03% · $3.4M
- Pendle V2 Ethereum · For LP | Maturity 26NOV20265.44% · 30d 5.47% · $3.9M
- Pendle V2 Monad · For buying PT-sUSDe-22OCT20265.23% · 30d 4.89% · $20.8M
- Ethena USDe Ethereum · 7 days unstaking5.02% · 30d 4.61% · $1.31B
- Pendle V2 Ethereum · For buying PT-sUSDe-26NOV20264.89% · 30d 4.65% · $3.9M
- Aave V3 Ethereum0.00% · 30d 1.31% · $213.5M
Paired with SUSDE
How to earn on SUSDE
Single-asset options (lending, staking, savings vaults) pay interest without exposing you to another token; your SUSDE balance grows and you can withdraw the same asset. Liquidity pairs earn trading fees plus rewards but hold SUSDE together with a second asset, so the value moves with both prices (impermanent loss). The “Single” chip marks the first kind.
Each row links to the protocol’s own deposit page. Check the chain first: the same protocol can pay different rates on Ethereum, Base or Arbitrum, and moving funds costs a bridge fee (see bridges). Rates refresh hourly; the 30-day average shows whether today’s number is typical.
Questions people ask
What is the best SUSDE APY right now?
The highest single-asset rate with at least $1M of liquidity is 8.12% at Pendle V2 on Monad ($20.8M TVL). Rates are refreshed hourly; the 30-day average for that pool is 8.93%.
Where can I earn interest on SUSDE?
28 protocols currently list SUSDE pools. The largest by liquidity: Ethena USDe ($1.31B), Aave V3 ($575.3M), Morpho Blue ($117.4M), Curve DEX ($67.3M), Inverse Finance FiRM ($59.6M). Each row in the table links to the protocol’s deposit page.
Can I borrow SUSDE?
13 lending markets let you borrow SUSDE against collateral. See SUSDE borrow rates for the cheapest one.
Is SUSDE yield safe?
It depends on the pool. Single-asset lending and staking avoid impermanent loss; liquidity pairs do not. The median SUSDE rate across liquid pools is 0.42%; anything far above it usually carries reward-token risk or a very small market. Our methodology explains every column and flag.