Fixed Yield on your stablecoins. No surprises
Know your return at a set future date. Your rate is fixed when you supply, just hold to the maturity date to receive it.
Fixed Yield sUSDS is a third-party integration using Pendle Protocol, with the Sky Savings Rate as the underlying yield source. The rate is market-set; Sky.money does not set, control, or guarantee it. The rate is fixed only if you hold to the maturity date. Exiting before maturity means selling at the prevailing market price, which may be above or below your entry.
stUSDS yield is generated dynamically through SKY-backed lending within Sky Protocol and is dependent on the Utilization Rate. Sky.money does not control, set, or guarantee the rate. All yields are variable. View more details here.
How Fixed Yield works
Set your rate and know your return
Fixed Yield sets your rate when you supply. When you hold to the maturity date, you’ll receive that rate. Use sUSDS when you want yield with the freedom to redeem whenever, or use the Fixed Yield module when you want to know your return by the maturity date.
A market with a maturity date
Supply USDS, USDC or existing sUSDS before the maturity date and the yield you receive depends on how much time remains. Hold to maturity and you receive the rate set when you supplied. If you sell before maturity, you’ll exit at the market's current price, which may be higher or lower than where you set in.
For stablecoin holders who want a known return at a known date
A rate set on entry
Sky.money will list Fixed Yield markets with named maturity dates. Supply your stablecoin of choice to fix today's rate in currently live markets. The rate is set on entry, based on how much time remains until the maturity date.
Hold to maturity to receive the rate
The "fixed" mechanic applies when you hold to the maturity date. The rate that was set when you supplied is the rate you receive when redeeming.
Exit early at market price
Fixed Yield positions can be sold before the maturity date at the prevailing market price. That price may be higher or lower than where you set in. The cost of exiting before maturity is shown in the app before you decide.
Powered by the Sky Savings Rate
Fixed Yield is a term-based way to access the Sky Savings Rate using Pendle’s infrastructure. While the market itself is powered by Pendle, it’s still accessing the same battle-tested SSR infrastructure at the core.
Frequently asked questions about Fixed Yield
What is Fixed Yield?
Fixed Yield is a way to fix today's rate to a pre-defined Pendle market maturity date. Sky.money enables Fixed Yield markets with published maturity dates. Supply USDS, USDC or sUSDS. The rate you receive is set on entry based on how much time remains until maturity. Hold to maturity to receive that rate.
Who chooses the maturity date?
Sky.money sets maturity dates when it opens a Fixed Yield market on Pendle. Users choose whether to supply to an open market, not what the date is. New markets will open over time with new dates.
Can I exit before maturity?
Yes. A Fixed Yield position can be sold before maturity at the prevailing market price. That price may be higher or lower than what you paid. Selling before maturity is selling a position at the market price. The cost of exiting before maturity is shown in the app before you decide.
What are the risks?
The rate is fixed only if you hold to maturity. Selling before maturity means exiting at the prevailing market price, which may be above or below what you supplied. Smart contract risk and trade slippage apply, as with any onchain position. Fixed Yield uses Pendle v2 markets, which adds protocol-level risk separate from sUSDS. Review the position parameters before you supply.
Where can I see the rate and the maturity date?
Both are displayed in the Fixed Yield interface on Sky.money before you supply. The rate updates as the market trades and as the date approaches. The maturity date is fixed when the market is created.
How is Fixed Yield different from sUSDS?
sUSDS gives a variable rate that tracks the Sky Savings Rate, with the freedom to redeem at any time. Fixed Yield sets your rate at entry and holds it through a set maturity date. They serve different roles: sUSDS for flexible capital, Fixed Yield for capital with a date attached. Both are powered by the Sky Savings Rate.
What determines the rate I receive?
The rate is market driven when you supply, based on the Pendle market’s price. It depends on how much time remains until the maturity date and on the market price at the moment of entry. The rate set on entry is the rate you receive if you hold to maturity.
What happens to my position at maturity?
Positions do not settle automatically. On the maturity date, your position stops earning the fixed rate and waits in the pool until you withdraw it.
What's the underlying mechanism?
Fixed Yield is implemented as an sUSDS market on Pendle v2, denominated as the “PT-sUSDS” token in your wallet.
Is Fixed Yield available in my country?
Fixed Yield sUSDS uses Pendle Protocol. Availability depends on where you are located. To verify whether Pendle Protocol is accessible from your jurisdiction, review the Pendle terms of use.
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