Ethena Staked USDe
Ethereum
Yield Aggregator
Synthetic
Basis Trading
Yield - detailed view
Historical annualized return, based on the vault's share price change and any rewards accrued during the period.
- Total yield
- 4.93%
- Base
- 4.93%
Show APY as avg. of
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Chart range
Share price - detailed view
Value of 1 vault share — tracks your actual profit and loss over time
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Chart range
TVL - detailed view
Total Value Locked represents the value of deposits currently held in this vault.
- Total locked
- 1.33B USDe
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Chart range
Where does the yield come from?
Yield-bearing form of USDe, Ethena's synthetic dollar. USDe backing is composed of a mix of staked ETH collateral, stablecoin and RWA reserves, and institutional lending positions. Yield is drawn from ETH staking rewards, funding rates on delta-hedged short perpetual futures, and interest on reserve assets. Deposited USDe converts to sUSDe, which accrues protocol earnings and appreciates in value as yield compounds.
Data last updated: Sep 20, 04:00 AM