sUSD is a synthetic dollar on Ethereum, yields via staking USDe, stable value even in negative yield scenarios. More
Fully Diluted Valuation | $5.55B |
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24H Trading Volume | $10.38M |
24H Low / High | $1.19 / $ 1.19 |
Circulating Supply | 4.66 B |
Total Supply | 4.66 B |
Max Supply | ∞ |
Categories | Ethereum Ecosystem 2 more |
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Founder | Guy Young |
Website | app.ethena.fi Whitepaper |
Socials | |
Chains | Ethereum Ecosystem |
Explorer | Etherscan 2 more |
Contracts |
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Name | Pair | OG Score |
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Ethena Staked USDe (sUSDe) is a reward-bearing token built on the Ethereum blockchain, designed to provide a crypto-native, stable financial instrument. Users obtain sUSDe by staking USDe, Ethena’s synthetic dollar stablecoin, which is pegged to the USD through delta-hedging strategies using staked Ethereum collateral. What sets sUSDe apart is its ability to accrue value over time, offering yields derived from the protocol’s revenue, including staked Ethereum rewards and funding spreads from derivatives markets.
Unlike traditional stablecoins reliant on fiat reserves, sUSDe operates independently of banking infrastructure, making it censorship-resistant and scalable. It’s versatile, serving as a stable medium of exchange, a governance tool within the Ethena protocol, and a funding currency for DeFi projects. Even during negative yield periods, sUSDe’s value remains stable, protected by Ethena’s reserve fund, ensuring reliability for stakers.
sUSDe is a reward-bearing token that appreciates over time through staking USDe, maintaining stability even in negative yield scenarios, and operates as a crypto-native synthetic dollar on Ethereum, independent of traditional banking systems.
The founder of Ethena Staked USDe is Guy Young.
The backers of Ethena Staked USDe include BlackRock’s BUIDL fund via Securitize, alongside other DeFi and CeFi platforms, though specific additional backers are not fully disclosed in public sources.
Uniswap V3 (Ethereum), Uniswap V2 (Ethereum)Balancer V2Curve (Ethereum)
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