Recent blog posts
How mStable’s Pendle Vault Actually Works
When mStable relaunched in late 2025, we made a deliberate decision to focus on a single product rather than a broad suite of strategies. The goal was not to offer “another stablecoin vault,” but to build a yield product that vastly outperforms the competition on a risk-adjusted basis. That product is the Pendled sUSDe vault; a Pendle-based strategy that combines Ethena, Aave, and automated leverage into a single, fully managed experience. For users, the result is simple: deposit stablecoins an...
mStable’s Pendle Vault Is Open Again
mStable’s Pendle Vault Is Open Again Offering ~15% APY Since relaunching mStable in late 2025, our mission has been clear: build a stablecoin yield product that actually stands out among the competition. In a space crowded with options, we knew the only way to differentiate was to deliver a risk-adjusted yield that blows typical onchain returns out of the water. Enter the mPT-USDe vault, a high-yield strategy powered by Ethena, Pendle, and Aave, built on the same mechanics our team perfected u...
mStable is reborn!
mStable is back. After a full rebuild, the protocol returns with a clear goal: to create simple, composable tokens that deliver sustainable yield in DeFi. The first of these is mStable Pendled sUSDe (mPT-sUSDe). Built on Pendle, Aave, and Ethena, it stacks multiple layers of yield into a single token that compounds automatically. Hold one asset and earn from three proven systems: Pendle’s fixed yield, Aave’s capital efficiency, and Ethena’s delta-neutral strategy. Built on Pendle mPT-sUSD...