Ethena USDe

USDe

Stablecoins No KYC

Issued by Ethena Labs

ethena.fi

TVL

$4.3B

Price

$1.00

APY

---

Holders

---

Total Supply

4,349,414,541

Asset Details

Jurisdiction

Cayman Islands

Custodian Type

institutional

Redemption Timing

t+0

Audited

Yes

Redeemable

Yes

Transferable

Yes

Accredited Only

Description

Ethena synthetic dollar on Arbitrum

Deployments

Chain	Address	Type
Ethereum	0x4c9EDD5852cd905f086C759E8383e09bff1E68B3	Primary
Arbitrum	0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34	Bridge

Ethereum Primary

0x4c9EDD5852cd905f086C759E8383e09bff1E68B3

Arbitrum Bridge

0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34

DeFi Opportunities

Protocol	Type	APY	TVL
SUSDE ethena-usde	Lending	4.29%	$1.8B
FRAX-USDE curve-dex	LP	1.38%	$54.8M
FRAX-USDE convex-finance	LP	2.03%	$54.7M
USDE-USDT fluid-dex	LP	0.05%	$27.6M
USDE-USDT uniswap-v4	LP	4.64%	$4.4M
MNT-USDE uniswap-v3	LP	2.00%	$3.7M
USDE-USDC uniswap-v3	LP	4.58%	$2.3M
USDE-USDTB fluid-dex	LP	0.50%	$1.8M
USDE-USDT kyberswap-fairflow	LP	5.97%	$1.4M
USDE-USDT uniswap-v4	LP	0.33%	$1.4M
USDE-USDC aerodrome-slipstream	LP	0.02%	$999.7K
USDE-USDC uniswap-v3	LP	---	$999.5K
USDE-USDC ekubo	LP	8.56%	$714.9K
USDE-USDC curve-dex	LP	0.42%	$695.1K
USDT-USDE curve-dex	LP	1.88%	$295.3K
USDE-DAI curve-dex	LP	---	$178.5K
WSTETH-USDE gmx-v2-perps	LP	11.68%	$171.9K
USDT-USDE stake-dao	LP	5.93%	$160.9K
USDT-USDE convex-finance	LP	3.26%	$144.9K
USDE-USDT uniswap-v4	LP	---	$111.4K
USDE-USDC camelot-v3	LP	2.31%	$91.5K
GHO-USDE curve-dex	LP	0.09%	$64.7K
USDE-USDC ekubo	LP	---	$62.9K
USDE-GHO fluid-dex	LP	0.71%	$62.2K
USDE-USDC gmx-v2-perps	LP	---	$50.1K
USDE-USDT uniswap-v3	LP	0.30%	$41.7K
USDE-USDC uniswap-v3	LP	3.50%	$18.1K
USDE-USDT uniswap-v3	LP	3.72%	$13.4K

SUSDE

ethena-usde · Lending

kyberswap-fairflow · LP

aerodrome-slipstream · LP

About Ethena USDe

Ethena USDe (USDe) is a tokenized stablecoins asset issued by Ethena Labs. The asset currently has $4.3B in total value locked across all chain deployments. The asset is accessible without KYC requirements, enabling broader DeFi participation. Ethena USDe is deployed on Ethereum, Arbitrum.

Stablecoins are tokens pegged to fiat currencies like USD, designed to maintain a stable value for payments, savings, and DeFi collateral.

Multi-Chain Deployments

Ethena USDe is deployed across 2 chains, allowing users to choose the network that best fits their needs in terms of gas costs and DeFi composability.

Yield Opportunities

28 DeFi yield pools available for Ethena USDe. Compare APY rates, TVL, and risk profiles across protocols to find the best earning strategy.

Explore USDe yield pools

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Ethena USDe (USDe) is a tokenized stablecoins asset issued by Ethena Labs. The asset currently holds $4.3B in total value locked. This asset is available without KYC requirements. Deployed on Ethereum, Arbitrum.