Staked USDe (sUSDe) is a yield-bearing stablecoin by Ethena, offering returns from staking rewards and funding rates.
Key Data
| Backing | Delta-neutral hedging strategy with cryptocurrencies and perpetual futures contracts. |
| Auditor | HT Digital, Chaos Labs, LlamaRisk, Chainlink |
| Reserve Reporting | Weekly PoR attestations |
| Redemption | Users can redeem USDe for its underlying assets, subject to protocol terms and conditions. |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2024 |
Supported Networks
Use Cases
Staked USDe (sUSDe) is a yield-bearing version of Ethena's USDe stablecoin, designed to provide users with returns generated from staking rewards and funding rates.
sUSDe maintains its peg through a delta-neutral hedging strategy, involving long positions in cryptocurrencies and short positions in perpetual futures contracts.
Ethena employs multiple independent verifiers for its Proof of Reserves (PoR) attestations, ensuring transparency and trust.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.