Ethena Staked USDe(sUSDe)

Onchain AUM$1.497b

Onchain AUM by chain

Ethereum$1.183b

Plasma$190.61m

Mantle$88.32m

Monad$18.43m

Solana$6.07m

Base$4.44m

BSC$2.56m

Arbitrum$2.01m

Berachain$903,018

Hyperliquid L1$410,828

Fraxtal$286,692

Avalanche$42,293

Blast$4,492

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active AUM$1.497b

Ethereum$1.183b

Plasma$190.61m

Mantle$88.32m

Monad$18.43m

Solana$6.07m

Base$4.44m

BSC$2.56m

Arbitrum$2.01m

Berachain$903,018

Hyperliquid L1$410,828

Fraxtal$286,692

Avalanche$42,293

Blast$4,492

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.204b
Aave V3$399.25m

Plasma$183.45m

Ethereum$130.71m

Mantle$85.07m

Avalanche$28,880

Monad$406

ZKsync Era$131

LayerZero V2$314.34m

Ethereum$314.34m

Re$209.71m

Ethereum$205.38m

Base$4.33m

Arbitrum$6,398

Morpho Blue$117.03m

Ethereum$116.9m

Arbitrum$138,721

Hyperliquid L1$561

Monad$16

Pendle V2$55.91m

Ethereum$31.92m

Monad$18.3m

Plasma$5.7m

Olympus DAO (Treasury)$27.72m

Ethereum$27.72m

Mantle Treasury (Treasury)$20.45m

Ethereum$17.22m

Mantle$3.23m

Curve DEX$18.57m

Ethereum$18.28m

Plasma$284,006

Fraxtal$2,437

Hyperliquid L1$209

Inverse Finance FiRM$14.98m

Ethereum$14.98m

Curve LlamaLend$7.11m

Ethereum$7.11m

Derive V3 Options$5.69m

Ethereum$5.69m

Aave V4$4.38m

Ethereum$4.38m

Contango V2$1.77m

Ethereum$1.77m

Venus Core Pool$1.71m

BSC$1.71m

Ethereum$161

Fluid Lending$961,387

Ethereum$628,078

Arbitrum$332,603

Plasma$694

Base$12

Euler V2$837,684

Ethereum$836,377

BSC$1,272

Plasma$23

Avalanche$12

Lista Lending$835,268

BSC$835,268

Uniswap V4$490,088

Ethereum$472,574

BSC$13,315

Base$2,710

Monad$1,196

OP Mainnet$169

Avalanche$62

Arbitrum$31

Blast$31

Terminal Finance Pre-Deposits$462,055

Ethereum$462,055

Parallel Protocol V3$444,958

Hyperliquid L1$341,395

Ethereum$103,563

Derive (Treasury)$431,188

Ethereum$431,188

Symbiotic$323,410

Ethereum$323,410

Fraxlend$147,623

Ethereum$147,623

OpenGDP Shared Security$117,182

Ethereum$117,182

dTRINITY dLEND$98,628

Fraxtal$97,866

Ethereum$762

Yearn (Treasury)$61,974

Ethereum$61,974

InfinityPools$47,905

Base$47,905

Latch$45,784

Ethereum$45,784

MUX Perps$31,084

Arbitrum$31,084

Reserve Protocol$24,789

Ethereum$24,789

Kamino Lend$15,849

Solana$15,849

Alto$11,781

Ethereum$11,781

UwU Lend$8,600

Ethereum$8,600

Phoenix Protocol$6,472

Ethereum$6,472

DYAD$5,486

Ethereum$5,486

Kodiak V3$3,838

Berachain$3,838

Loopscale Lending$3,716

Solana$3,716

Folks Finance xChain$3,688

Avalanche$3,688

Supernova CL$2,857

Ethereum$2,857

Fuel Bridge$2,603

Ethereum$2,603

Balancer V2$2,441

Fraxtal$2,163

Ethereum$278

Beraborrow$1,356

Berachain$1,356

Blackwing$1,330

Ethereum$1,330

Hyperdrive$1,256

Ethereum$1,256

HyperLend Pooled$1,179

Hyperliquid L1$1,179

Balancer V3$1,148

Plasma$766

Ethereum$382

Uniswap V3$921

Ethereum$921

Rumpel Labs$727

Ethereum$727

Lucidly Finance$634

Ethereum$634

Cork V1$628

Ethereum$628

Orca DEX$452

Solana$452

Manifest Trade$429

Solana$429

zkLink Nova$364

Ethereum$364

Shezmu$332

Ethereum$332

Thruster V3$272

Blast$272

Hypertrade V3$267

Hyperliquid L1$267

Balancer CoW AMM$260

Base$260

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$223

Avalanche$223

INIT Capital$216

Blast$216

Ekubo$204

Ethereum$204

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

Ajna V2$113

Ethereum$113

Blackhole CLMM$112

Avalanche$112

Anvil$110

Ethereum$110

Hybra V4$93

Hyperliquid L1$93

HypurrFi Pooled$68

Hyperliquid L1$68

PancakeSwap Infinity$66

BSC$66

Fraxtal$63

Ethereum$63

Merchant Moe Liquidity Book$46

Mantle$46

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Aero Slipstream$26

Ethereum$26

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Origin ARM$16

Ethereum$16

Meteora DAMM V1$15

Solana$15

Meteora vaults$15

Solana$15

Ambient$14

Scroll$14

PancakeSwap AMM V3$13

Base$13

Lendle Pooled Markets$12

Mantle$12

Lithos$12

Plasma$12

Net Flows 7d

Net Flows 30d

sUSDe Price$1.25

Chains24

Ethena Staked USDe(sUSDe)
Onchain AUM$1.497b

Onchain AUM by chain

Ethereum$1.183b

Plasma$190.61m

Mantle$88.32m

Monad$18.43m

Solana$6.07m

Base$4.44m

BSC$2.56m

Arbitrum$2.01m

Berachain$903,018

Hyperliquid L1$410,828

Fraxtal$286,692

Avalanche$42,293

Blast$4,492

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active AUM$1.497b

Ethereum$1.183b

Plasma$190.61m

Mantle$88.32m

Monad$18.43m

Solana$6.07m

Base$4.44m

BSC$2.56m

Arbitrum$2.01m

Berachain$903,018

Hyperliquid L1$410,828

Fraxtal$286,692

Avalanche$42,293

Blast$4,492

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.204b
Aave V3$399.25m

Plasma$183.45m

Ethereum$130.71m

Mantle$85.07m

Avalanche$28,880

Monad$406

ZKsync Era$131

LayerZero V2$314.34m

Ethereum$314.34m

Re$209.71m

Ethereum$205.38m

Base$4.33m

Arbitrum$6,398

Morpho Blue$117.03m

Ethereum$116.9m

Arbitrum$138,721

Hyperliquid L1$561

Monad$16

Pendle V2$55.91m

Ethereum$31.92m

Monad$18.3m

Plasma$5.7m

Olympus DAO (Treasury)$27.72m

Ethereum$27.72m

Mantle Treasury (Treasury)$20.45m

Ethereum$17.22m

Mantle$3.23m

Curve DEX$18.57m

Ethereum$18.28m

Plasma$284,006

Fraxtal$2,437

Hyperliquid L1$209

Inverse Finance FiRM$14.98m

Ethereum$14.98m

Curve LlamaLend$7.11m

Ethereum$7.11m

Derive V3 Options$5.69m

Ethereum$5.69m

Aave V4$4.38m

Ethereum$4.38m

Contango V2$1.77m

Ethereum$1.77m

Venus Core Pool$1.71m

BSC$1.71m

Ethereum$161

Fluid Lending$961,387

Ethereum$628,078

Arbitrum$332,603

Plasma$694

Base$12

Euler V2$837,684

Ethereum$836,377

BSC$1,272

Plasma$23

Avalanche$12

Lista Lending$835,268

BSC$835,268

Uniswap V4$490,088

Ethereum$472,574

BSC$13,315

Base$2,710

Monad$1,196

OP Mainnet$169

Avalanche$62

Arbitrum$31

Blast$31

Terminal Finance Pre-Deposits$462,055

Ethereum$462,055

Parallel Protocol V3$444,958

Hyperliquid L1$341,395

Ethereum$103,563

Derive (Treasury)$431,188

Ethereum$431,188

Symbiotic$323,410

Ethereum$323,410

Fraxlend$147,623

Ethereum$147,623

OpenGDP Shared Security$117,182

Ethereum$117,182

dTRINITY dLEND$98,628

Fraxtal$97,866

Ethereum$762

Yearn (Treasury)$61,974

Ethereum$61,974

InfinityPools$47,905

Base$47,905

Latch$45,784

Ethereum$45,784

MUX Perps$31,084

Arbitrum$31,084

Reserve Protocol$24,789

Ethereum$24,789

Kamino Lend$15,849

Solana$15,849

Alto$11,781

Ethereum$11,781

UwU Lend$8,600

Ethereum$8,600

Phoenix Protocol$6,472

Ethereum$6,472

DYAD$5,486

Ethereum$5,486

Kodiak V3$3,838

Berachain$3,838

Loopscale Lending$3,716

Solana$3,716

Folks Finance xChain$3,688

Avalanche$3,688

Supernova CL$2,857

Ethereum$2,857

Fuel Bridge$2,603

Ethereum$2,603

Balancer V2$2,441

Fraxtal$2,163

Ethereum$278

Beraborrow$1,356

Berachain$1,356

Blackwing$1,330

Ethereum$1,330

Hyperdrive$1,256

Ethereum$1,256

HyperLend Pooled$1,179

Hyperliquid L1$1,179

Balancer V3$1,148

Plasma$766

Ethereum$382

Uniswap V3$921

Ethereum$921

Rumpel Labs$727

Ethereum$727

Lucidly Finance$634

Ethereum$634

Cork V1$628

Ethereum$628

Orca DEX$452

Solana$452

Manifest Trade$429

Solana$429

zkLink Nova$364

Ethereum$364

Shezmu$332

Ethereum$332

Thruster V3$272

Blast$272

Hypertrade V3$267

Hyperliquid L1$267

Balancer CoW AMM$260

Base$260

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$223

Avalanche$223

INIT Capital$216

Blast$216

Ekubo$204

Ethereum$204

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

Ajna V2$113

Ethereum$113

Blackhole CLMM$112

Avalanche$112

Anvil$110

Ethereum$110

Hybra V4$93

Hyperliquid L1$93

HypurrFi Pooled$68

Hyperliquid L1$68

PancakeSwap Infinity$66

BSC$66

Fraxtal$63

Ethereum$63

Merchant Moe Liquidity Book$46

Mantle$46

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Aero Slipstream$26

Ethereum$26

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Origin ARM$16

Ethereum$16

Meteora DAMM V1$15

Solana$15

Meteora vaults$15

Solana$15

Ambient$14

Scroll$14

PancakeSwap AMM V3$13

Base$13

Lendle Pooled Markets$12

Mantle$12

Lithos$12

Plasma$12

Net Flows 7d

Net Flows 30d

sUSDe Price$1.25

Chains24

Token properties

CategoryRWA Wrappers
Asset ClassStable Yield Wrapper
TypeWrapper
RWA ClassificationProgrammable Finance
Access ModelPermissionless
Parent PlatformEthena

Classification

RedeemableIndicates whether the token can be redeemed for underlying assets

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

Asset information

IssuerEthena Labs, S.A.

Registry InformationEthena Labs, S.A. is a Portuguese company limited by shares that develops the USDe protocol. The sUSDe staking contract is an ERC-4626 vault on Ethereum that holds USDe and accrues protocol rewards to stakers through the share price.

Sourcehttps://www.lei-lookup.com/record/894500K29XZNTAWSC539/

Notes

  • sUSDe is the staked form of Ethena USDe. Depositors stake USDe in an ERC-4626 vault on Ethereum and receive a non-rebasing share token whose redemption value rises as protocol rewards accrue, so the position grows through share price rather than through a rising balance. Unstaking passes through a cooldown enforced by the vault before USDe can be withdrawn. Ethena describes the reward stream as protocol revenue from funding and basis spread on delta-hedged crypto positions, from lending revenue, from real world asset yield, and from liquid stablecoin rewards, so only part of the return is real world asset income and the dominant driver in normal conditions is perpetual funding. The share of backing held in liquid stablecoins and tokenized short-duration government debt rises when funding rates fall below Treasury yields, which is the purpose of the USDtb allocation. Rewards are distributed at the discretion of the protocol and periods of negative revenue are absorbed by the reserve fund rather than passed to holders. The Ethereum contract is the canonical vault and the deployments on other chains are bridged representations that do not themselves hold USDe.

DeFi Yield Opportunities (63)

Pool
Reference
Protocol
Chain
30d Trend
1sUSDeStaked USDeUSDeLogo of Ethena USDeEthena USDe
Logo of Ethereum
$1.183b4.94%Stable 9712,185
2reUSDRe Protocol Deposit TokenreUSDLogo of ReRe
Logo of Ethereum
$338.57m6.88%Stable 98894
3aPlasUSDeAave Plasma sUSDesUSDeLogo of Aave V3Aave V3
Logo of Plasma
$183.48m0.00%Stable 100
4aEthsUSDeAave Ethereum sUSDesUSDeLogo of Aave V3Aave V3
Logo of Ethereum
$130.67m0.00%Stable 100620
5aMansUSDeAave Mantle sUSDesUSDeLogo of Aave V3Aave V3
Logo of Mantle
$85.08m0.00%Stable 100
6DOLA-sUSDeDOLA/sUSDeDOLA-sUSDeLogo of Curve DEXCurve DEX
Logo of Ethereum
$61.12m4.19%1.27%+2.91%Stable 9635
7DOLA-sUSDeDOLA/sUSDeDOLA-sUSDeLogo of Convex FinanceConvex Finance
Logo of Ethereum
$47.48m6.32%1.27%+5.05%Stable 9435
8reUSDeRe Protocol reUSDereUSDeLogo of ReRe
Logo of Ethereum
$30.06m11.83%Stable 99552
9PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026sUSDeLogo of Pendle V2Pendle V2
Logo of Monad
$16.4m5.27%Stable 9411
10PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026sUSDeLogo of Pendle V2Pendle V2
Logo of Monad
$16.4m9.40%9.37%+0.03%Stable 8923
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Chains