Data: Ethena sUSDe and Sky sUSDs APY are 4.7% and 4.48% respectively.

According to Wu, as per @tomwanhh's data panel, the APY of Ethena sUSDe and Sky sUSDs are 4.7% and 4.48%, respectively, both having fallen close to the yield of U.S. Treasury T-Bills (4.24%). Since the beginning of April, the loan-to-value of Ethena USDe has dropped below 45%, and the supply of sUSDe has continued to decline from a peak of $4.5 billion at the end of December last year to about $2.11 billion today.

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