# PT-sUSDf-1762646496 on Ethereum · Spectra Fixed Rates

> This market matured on Nov 9, 2025. PT holders can redeem their PT for USDf; LPs can exit.

| Field | Value |
| --- | --- |
| Fixed APY (PT, small trade) | -0.04% |
| Implied APY | -0.05% |
| Variable APY (sUSDf) | 3.38% |
| LP APY | 1.55% |
| YT leverage | 1514.5x |
| Maturity | Nov 9, 2025 (0 days) |
| Liquidity | $29 |
| TVL | $495 |
| Underlying | USDf |
| Interest-bearing token | sUSDf (Falcon) |
| Network | Ethereum (chain id 1) |

## Links

- Fixed rate: https://app.spectra.finance/fixed-rate/eth:0xa95a5eb4f639ddc9cd0b431036eb2cc2d018c18c
- Liquidity: https://app.spectra.finance/pools/eth:0xa95a5eb4f639ddc9cd0b431036eb2cc2d018c18c
- Yield leverage: https://app.spectra.finance/trade-yield/eth:0xa95a5eb4f639ddc9cd0b431036eb2cc2d018c18c
- How fixed rates work: https://docs.spectra.finance/docs/spectra/guides/fixed-rate
- Risks: https://docs.spectra.finance/docs/spectra/security/risk-documentation

Fixed APY holds only if the PT is held to maturity, barring [negative yield](https://docs.spectra.finance/docs/spectra/security/risk-documentation#negative-yield-risk) in its yield source; selling earlier realises the market price. Information only, not financial advice.