Ethena Staked USDe ($SUSDE) is a decentralized stablecoin pegged to the US Dollar, offering yields through staking while staying stable even in negative yield markets. More
| Fully Diluted Valuation | $5.84B |
|---|---|
| 24H Trading Volume | $69.75M |
| 24H Low / High | $1.20 / $ 1.20 |
| Circulating Supply | 4.88B |
| Total Supply | 4.88B |
| Max Supply | ∞ |
| Categories | Ethereum Ecosystem 3 more |
|---|---|
| Founder | Guy Young |
| Website | app.ethena.fi Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 25 more |
| Explorer | Etherscan 9 more |
| Contracts |
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25 more
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| Name | Pair | OG Score |
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Ethena Staked USDe ($SUSDE) is a decentralized stablecoin designed to maintain a secure and scalable peg to the US Dollar. It has gained traction for combining yield opportunities with strong stability mechanisms, making it a significant asset in the DeFi ecosystem.
Launched to solve challenges faced by algorithmic stablecoins, $SUSDE was created to provide a decentralized, reliable dollar-pegged asset. Its adoption across major DeFi platforms highlights its scalability and trustworthiness.
$SUSDE ensures its stability through a collateralized reserve system, staking mechanisms, and real-time oracle price feeds. Users can mint $SUSDE by staking approved assets, with every token fully backed.
Dynamic yields adjust based on market conditions
Cross-chain compatibility enables seamless movement across ecosystems
Smart contract audits and decentralized governance provide transparency and security
$SUSDE is widely used in:
DeFi platforms as collateral for lending, borrowing, and liquidity pools
Stable trading pairs on decentralized exchanges
Yield farming and staking strategies for consistent returns
Its design makes it a practical hedge against volatility and an efficient medium of exchange.
The supply of $SUSDE expands through staking collateral, maintaining full reserve backing. Demand grows through its DeFi integrations, liquidity incentives, and staking rewards. Governance is decentralized, giving token holders a voice in protocol upgrades.
A growing community of users, developers, and institutions supports $SUSDE. Partnerships with liquidity providers, DeFi protocols, and fintech firms continue to strengthen its adoption and ecosystem presence.
Layer-2 integration for faster and cheaper transactions
Expanded cross-chain support across multiple networks
Enhanced governance tools for inclusive community decision-making
Deeper adoption in top decentralized exchanges and fintech collaborations
Ethena Staked USDe ($SUSDE) combines security, decentralization, and usability to position itself as a leading stablecoin in DeFi. With robust technical foundations, real-world adoption, and growing partnerships, it is well-placed to remain a core asset in the evolving blockchain economy.
Through collateralized reserves, staking mechanisms, and oracle-based real-time price feeds.
Dynamic yield adjustments and reserve management strategies minimize risks of de-pegging.
Its price stability and liquidity mechanisms reduce exposure, providing confidence to liquidity providers.
They deliver accurate, real-time price feeds, ensuring reliable responses to market changes.
$SUSDE integrates with multiple ecosystems, allowing seamless transfers and broader usability.
A decentralized voting system where token holders propose and decide on protocol upgrades.
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), Agni Finance, Balancer V2Balancer V2 (Base)
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