The yield-bearing version of Ethena's synthetic dollar.
**Ethena Staked USDe (sUSDe)** represents staked positions of **USDe**, a synthetic stablecoin created by the **Ethena Protocol**.
USDe aims to provide a decentralized, censorship-resistant digital dollar backed by crypto collateral and delta-hedged positions.
By staking USDe into sUSDe, users earn yield generated through on-chain delta-neutral strategies across major exchanges and protocols.
Below is live market data fetched directly from the CoinGecko API.
Ethena Staked USDe (sUSDe) Live Data
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Project Overview
Ethena introduces a new type of stable asset known as the **Internet Bond**, where USDe functions as a synthetic dollar and sUSDe as its staked, yield-bearing counterpart.
Yield is generated by leveraging **delta-neutral positions** - long and short trades that hedge market exposure - enabling returns uncorrelated to traditional crypto volatility.
The sUSDe token can be redeemed for USDe at any time, and yields are automatically compounded for holders.
Key Insights
sUSDe merges stablecoin utility with yield generation, offering a crypto-native alternative to traditional savings accounts.
The Ethena ecosystem is fully decentralized and aims to create a scalable on-chain dollar free from reliance on banks or fiat reserves.
Backed by top DeFi protocols and investors, Ethena is quickly becoming a key player in the synthetic asset and yield markets.
Common Questions About Ethena Staked USDe
1. What is sUSDe?
sUSDe is the staked version of USDe, earning yield from Ethena's delta-neutral investment strategies.
2. How does sUSDe earn yield?
Through hedged positions combining spot and derivatives markets, providing stable returns in crypto.
3. Can I convert sUSDe back to USDe?
Yes, it can be unstaked at any time, returning the equivalent value in USDe.
4. Is sUSDe fully decentralized?
Yes. Ethena is designed as a non-custodial protocol, with transparent on-chain mechanisms for minting and staking.
5. Is sUSDe a stablecoin?
Not exactly - it's a yield-bearing version of a stablecoin, meaning its value gradually increases over time as yield accrues.
Market Context
sUSDe stands at the intersection of stablecoins and yield protocols, combining the best of both worlds: a stable store of value and a source of passive income.
As on-chain finance matures, synthetic dollars like USDe and staked assets like sUSDe could play a major role in redefining decentralized savings and fixed income markets.