Ethena's sUSDe rate climbs as funding turns positive again
Perpetual funding across majors flipped positive this week, lifting the synthetic dollar's payout above 8.9% for the first time since June.
Live rates across tokenised metals, treasuries, stablecoins, staking, lending and exchange earn products — with the news that moves them, and a countdown on the ones about to expire.
Weekly. The five rates that moved, and what's expiring. No spam.
| Asset | Category | Venue | Term | APY | TVL | |
|---|---|---|---|---|---|---|
| SwissBorg Earn | CeFi Earn | CeFi | Variableno end date | 13.06% | n/d | Earn →ref |
| Morpho Steakhouse USDGsteakUSDG | DeFi Lending | DeFi | Variableno end date | 7.16% | $521M | Earn →ref |
| USD.AI Staked USDaisUSDai | Stablecoin Yield | DeFi | Locked30-day unlock | 6.93% | $440M | Earn →ref |
| Pendle PT-sUSDSPT-sUSDS | LP & Vaults | DeFi | Fixed to25 days left | 6.02% | $4M | Earn →ref |
| Marinade Staked SOLmSOL | L1 Staking | DeFi | Variableno end date | 5.45% | $212M | Earn →ref |
| Liquid Collective LsETHLsETH | ETH Staking | DeFi | Variableno end date | 4.09% | $628M | Earn →ref |
| BlackRock USD Digital LiquidityBUIDL | Treasuries | RWA | Variableno end date | 3.87% | $813M | Earn →ref |
| pumpBTCpumpBTC | BTC Yield | DeFi | Variableno end date | 1.92% | $214M | Earn →ref |
Perpetual funding across majors flipped positive this week, lifting the synthetic dollar's payout above 8.9% for the first time since June.
The tokenised money market fund adds multichain support, taking on-chain treasury competition to BlackRock's BUIDL directly.
More validators usually means thinner rewards. Higher network activity has offset the dilution so far.
Bullion-backed tokens keep gathering assets, though almost none of the supply pays a yield on top of the metal itself.