Ethena Labs and Pendle Finance have launched PT-USDe-25SEP25 on FiRM with compelling yield metrics:
- Base yield: 13.63%
- Fixed DBR borrowing cost: 9.09%
- Maximum leverage via ALE: 11.76x
- Maximum net APY after costs: 62.69%
This follows July's successful launch of PT-sUSDe-25SEP25, which received a $1M DOLA injection and offers up to 23.75% APY net of borrowing costs.
Note: These are fixed-rate products - always conduct thorough research before participating.
馃毃 Dare to be great: announcing PT-USDe-25SEP25 from @ethena_labs and @pendle_fi 馃 now on FiRM.聽Underlying yield: 13.63% --> fixed DBR borrow cost: 9.09% --> max loops via ALE: 11.76x -->total current max APY NET of fixed borrow costs: 62.69%.
Inverse Finance July 2025 Growth Metrics
Inverse Finance reports strong growth across key metrics for July 2025: - FiRM TVL reached $158.2M (+37.21%) - FiRM Borrows increased to $107.4M (+27.42%) - Annual Revenue Rate hit $11.3M (+102.42%) - DOLA circulation expanded by 18.03% - Treasury value grew by 15.93% These results show significant improvement from May metrics, where FiRM TVL was $107M and DOLA supply was $78M. The platform continues to demonstrate consistent growth in lending and borrowing activities.
Aave PT sUSDe Cap Reached, High Fixed APY Available via FiRM

The Principal Token (PT) sUSDe cap on Aave has been fully utilized, reaching $2B with only $0.99 remaining. Through FiRM, users can now access: - Fixed rate yields up to 33%+ net APY (after borrowing costs) - Immediate access with no waiting period - Up to 11.7x leverage capabilities The PT-sUSDe-25SEP25 pool on FiRM previously offered yields up to 42.51% net of fixed borrow costs. Earlier this month, $1M in DOLA was added to support these operations. *Key Features*: - Fixed rates eliminate variable rate uncertainty - Leveraged positions available - Backed by @pendle_fi and @ethena_labs