With the 14 Aug 2025 maturities coming up, here are two top destinations for your next move: USDe (Sep 2025) ✅ Ideal for those moving from eUSDe (14 Aug 2025) 🔹 15.15% Fixed APY — highest fixed APY for Ethena stablecoins 🔹 18.8% LP APY with 60x Sats up for grabs 🔹 PTs supported as collateral on Aave USDS–SPK (Sep 2025) ✅ Ideal for those moving from USDS (14 Aug 2025) 🔹 8.58% Fixed APY — higher than both the Sky Savings Rate and USDS (14 Aug 2025) 🔹 11% LP APY with added $SPK rewards exposure
Fixed yield in both of these pools are fairly decent so for the PT lovers looking to frontrun the rest of the migration crowd, you can do so by swapping from PT to another 👇 USDe (Sep 2025): USDS–SPK (Sep 2025):
ICYMI you can now perform PT-to-PT swaps on Pendle, allowing you to easily rollover to any other markets/maturities ⚡ Example of how one swaps from PT-sUSDe (July 2025) → Sep 2025 👇
Shoutout to @Terminal_fi tUSDe as well if you're looking for another Ethena-linked >15% Fixed APY 🫡 Link:
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