sUSDe
Staked USDe
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Yield Bearing
Staked USDe (sUSDe) is a yield-bearing stablecoin by Ethena, offering returns from staking rewards and funding rates.
Key Data
| Backing | Delta-neutral hedging strategy with cryptocurrencies and perpetual futures contracts. |
| Auditor | HT Digital, Chaos Labs, LlamaRisk, Chainlink |
| Reserve Reporting | Weekly PoR attestations |
| Redemption | Users can redeem USDe for its underlying assets, subject to protocol terms and conditions. |
| Peg Currency | USD |
| Launched | 2024 |
Overview
Staked USDe (sUSDe) is a yield-bearing version of Ethena's USDe stablecoin, designed to provide users with returns generated from staking rewards and funding rates.
How It Works
sUSDe maintains its peg through a delta-neutral hedging strategy, involving long positions in cryptocurrencies and short positions in perpetual futures contracts.
Reserve Backing
Ethena employs multiple independent verifiers for its Proof of Reserves (PoR) attestations, ensuring transparency and trust.
Supported Networks
sUSDe is available across multiple blockchain networks, enhancing its accessibility and utility within the DeFi ecosystem.
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