If you’re looking for a high stablecoin yield and not looking at @pendle_fi, you’re doing it wrong. Right from the main page you can see the top 3 fixed APYs: + smsUSD → 22.5% APY + sigmaSP → 19.5% APY + sYUSD → 18.45% APY You might think, “Cool, let’s take 22.5% on smsUSD.” But that would be a mistake, you always need to check liquidity: + smsUSD → $1.18M + sigmaSP → $2.25M + sYUSD → $7.2M Liquidity is the key point here. If PT/ YT pools on Pendle have low liquidity, the main risk is slippage and exit cost. You could be forced to sell your PT at a discount because there aren’t enough buyers. Given the liquidity, the best high-yield stablecoin right now looks like sYUSD from @aegis_im. With maturity in just 2 weeks, it’s the final stretch to take advantage of it.