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[@mstable_](/creator/twitter/mstable_)
"2/ The foundation of the APY is @Ethena_labs sUSDe. USDe is backed by crypto assets and hedged with derivative positions sUSDe is the staked version of USDe"  
[X Link](https://x.com/mstable_/status/1981137257622106341) [@mstable_](/creator/x/mstable_) 2025-10-22T23:15Z 26.3K followers, 2633 engagements


"3/ sUSDe is transformed into fixed APY via @Pendle_fi principle tokens In Pendle sUSDe is split into a yield token (YT) and principal token (PT). The principle token starts at a discounted price which matures to X creating a fixed APY"  
[X Link](https://x.com/mstable_/status/1981137259647873331) [@mstable_](/creator/x/mstable_) 2025-10-22T23:15Z 26.3K followers, 2387 engagements


"1/ The wait is over. Efficient APY available now. Leveraging the liquidity of @Ethereum starting with the APY foundation of @ethena_labs made powerful with @Pendle_fis fixed APY and multiplied with @Aave. mPT-sUSDe now live on mStable Learn more 👇"  
[X Link](https://x.com/mstable_/status/1981137254732222557) [@mstable_](/creator/x/mstable_) 2025-10-22T23:15Z 26.3K followers, 93.3K engagements


"4/ This fixed APY is then multiplied via @Aave. Aave is a money market with the deepest liquidity on Ethereum letting mStable create and manage leverage"  
[X Link](https://x.com/mstable_/status/1981137261665321144) [@mstable_](/creator/x/mstable_) 2025-10-22T23:15Z 26.3K followers, 3552 engagements