Ethena's USDe: Delta-neutral, fully-backed synthetic dollar with yield generation.
Ethena Labs' USDe is a delta-neutral, fully-backed synthetic dollar, creating an "Internet Bond" with yield from staking and derivatives hedging. Risks are managed and transparently reported.
Loading chart...
Analytics
Team
Upcoming events
No upcoming events planned
What is Ethena USDe (USDE)?
Ethena Labs' USDe is a fully-backed, on-chain, scalable, and censorship-resistant synthetic dollar maintained through a delta-neutral hedging strategy. This mechanism supports the 'Internet Bond,' a crypto-native, yield-bearing, dollar-denominated savings instrument. USDe's peg stability comes from automated hedges on its collateral assets. By offsetting price changes, the collateral's USD value remains stable. Ethena minimizes leverage, using staked Ethereum assets as margin. Users can acquire USDe through liquidity pools, while approved entities can mint/redeem directly. Backing assets are held within the crypto-system, eliminating reliance on traditional banking. Users can also profit from cross-market arbitrage. For example, a user deposits ~$100 of stETH and receives ~100 USDe, with E...
Related coins you may like
Trending coins
Most visited cryptocurrencies
Global prices
Ethena USDe price live information
As of now, Ethena USDe is trading at 1.0004 USD, with a 24-hour trading volume of approximately 11.53M USD. The USDE to USD price is updated in real time. Over the past 24 hours, Ethena USDe has decreased by 0.02%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 5.38B USD. Currently, there are 5 373 940 629 USDE in circulation out of a maximum supply of 5 373 940 629 USDE.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
RESOURCES
Community
Support
© 2023 CMC.IO. All rights reserved