Ethena Staked USDe
Ethereum
Synthetic
Basis Trading
Charts time range:
Statistics
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Total APY
3.53%(APY last updated: Apr 11, 10:00 AM UTC)
Base
3.53%
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Current TVL
3.47B USDe
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.
Owner distribution
# of holders
12,164
Data last updated: Apr 11, 10:00 AM