⌘KTry LlamaAI

Ethena Staked USDe(sUSDe)

Onchain AUM$1.634b

Onchain AUM by chain

Ethereum$1.242b

Plasma$253.17m

Mantle$99.28m

Monad$22.37m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$917,958

Hyperliquid L1$409,612

Fraxtal$286,644

Avalanche$42,198

Blast$4,620

ZKsync Era$764

Scroll$648

Linea$558

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active AUM$1.634b

Ethereum$1.242b

Plasma$253.17m

Mantle$99.28m

Monad$22.37m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$917,958

Hyperliquid L1$409,612

Fraxtal$286,644

Avalanche$42,198

Blast$4,620

ZKsync Era$764

Scroll$648

Linea$558

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.386b

Aave V3$454.05m

Plasma$208.9m

Ethereum$149.08m

Mantle$96.03m

Avalanche$28,794

Monad$8,033

ZKsync Era$130

LayerZero V2$392.59m

Ethereum$392.59m

Re$210.99m

Ethereum$206.67m

Base$4.31m

Arbitrum$6,379

Morpho Blue$108.8m

Ethereum$108.66m

Arbitrum$138,311

Hyperliquid L1$577

Monad$16

Pendle V2$96.19m

Plasma$42.87m

Ethereum$31.03m

Monad$22.29m

Olympus DAO (Treasury)$28.95m

Ethereum$28.95m

Curve DEX$23.99m

Ethereum$23.59m

Plasma$397,371

Fraxtal$3,221

Hyperliquid L1$232

Mantle Treasury (Treasury)$20.4m

Ethereum$17.18m

Mantle$3.22m

Inverse Finance FiRM$18.63m

Ethereum$18.63m

Aave V4$7.64m

Ethereum$7.64m

Curve LlamaLend$6.99m

Ethereum$6.99m

Derive V2$5.68m

Ethereum$5.68m

Arbitrum$7,613

Contango V2$1.98m

Ethereum$1.98m

Venus Core Pool$1.85m

BSC$1.85m

Ethereum$161

Merit Circle (Treasury)$1.5m

Ethereum$1.5m

Fluid Lending$1.28m

Ethereum$864,977

Arbitrum$416,357

Plasma$849

Base$15

Euler V2$824,237

Ethereum$821,520

BSC$2,682

Plasma$23

Avalanche$12

Lista Lending$759,807

BSC$759,807

Terminal Finance Pre-Deposits$473,334

Ethereum$473,334

Parallel Protocol V3$447,750

Hyperliquid L1$344,441

Ethereum$103,309

Derive (Treasury)$430,128

Ethereum$430,128

Uniswap V4$419,793

Ethereum$403,833

BSC$13,275

Base$1,872

Monad$521

OP Mainnet$168

Avalanche$62

Arbitrum$31

Blast$31

Symbiotic$333,992

Ethereum$333,992

Fraxlend$147,289

Ethereum$147,289

Yearn (Treasury)$111,865

Ethereum$111,865

dTRINITY dLEND$98,387

Fraxtal$97,627

Ethereum$760

Latch$76,907

Ethereum$76,907

InfinityPools$47,732

Base$47,732

MUX Perps$30,948

Arbitrum$30,948

Reserve Protocol$25,632

Ethereum$25,632

Fuel Bridge$17,735

Ethereum$17,735

Kamino Lend$15,802

Solana$15,802

Alto$12,439

Ethereum$12,439

Ebisu V2$9,547

Ethereum$9,547

UwU Lend$8,579

Ethereum$8,579

Kodiak V3$6,913

Berachain$6,913

Phoenix Protocol$6,469

Ethereum$6,469

DYAD$5,473

Ethereum$5,473

Beraborrow$5,125

Berachain$5,125

Folks Finance xChain$3,677

Avalanche$3,677

Balancer V2$2,464

Fraxtal$2,167

Ethereum$297

zkLink Nova$2,318

Ethereum$2,318

Orca DEX$1,534

Solana$1,534

Supernova CL$1,524

Ethereum$1,524

Balancer V3$1,393

Plasma$1,007

Ethereum$376

Base$10

Blackwing$1,327

Ethereum$1,327

Hyperdrive$1,253

Ethereum$1,253

HyperLend Pooled$1,175

Hyperliquid L1$1,175

PancakeSwap AMM V3$986

Base$986

Uniswap V3$918

Ethereum$918

Rumpel Labs$725

Ethereum$725

Lucidly Finance$632

Ethereum$632

Cork V1$626

Ethereum$626

Manifest Trade$427

Solana$427

Thruster V3$413

Blast$413

Ekubo$402

Ethereum$402

Odyssey Finance$367

Ethereum$354

Plasma$13

Hybra V4$336

Hyperliquid L1$336

Shezmu$331

Ethereum$331

Hypertrade V3$324

Hyperliquid L1$324

Balancer CoW AMM$259

Base$259

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$223

Avalanche$223

INIT Capital$216

Blast$216

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

Ajna V2$113

Ethereum$113

Anvil$110

Ethereum$110

Blackhole CLMM$103

Avalanche$103

Velodrome V3$86

Fraxtal$86

HypurrFi Pooled$67

Hyperliquid L1$67

PancakeSwap Infinity$65

BSC$65

HawkFi$65

Solana$65

Fraxtal$63

Ethereum$63

Merchant Moe Liquidity Book$43

Mantle$43

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Meteora DAMM V1$16

Solana$16

Meteora vaults$16

Solana$16

Lithos$14

Plasma$14

Lendle Pooled Markets$14

Mantle$14

Ambient$14

Scroll$14

sUSDe Price$1.25

Chains24

Ethena Staked USDe(sUSDe)

Onchain AUM$1.634b

Onchain AUM by chain

Ethereum$1.242b

Plasma$253.17m

Mantle$99.28m

Monad$22.37m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$917,958

Hyperliquid L1$409,612

Fraxtal$286,644

Avalanche$42,198

Blast$4,620

ZKsync Era$764

Scroll$648

Linea$558

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Market dataNet FlowsFlow vs price

Key Metrics

Active AUM$1.634b

Ethereum$1.242b

Plasma$253.17m

Mantle$99.28m

Monad$22.37m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$917,958

Hyperliquid L1$409,612

Fraxtal$286,644

Avalanche$42,198

Blast$4,620

ZKsync Era$764

Scroll$648

Linea$558

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.386b

Aave V3$454.05m

Plasma$208.9m

Ethereum$149.08m

Mantle$96.03m

Avalanche$28,794

Monad$8,033

ZKsync Era$130

LayerZero V2$392.59m

Ethereum$392.59m

Re$210.99m

Ethereum$206.67m

Base$4.31m

Arbitrum$6,379

Morpho Blue$108.8m

Ethereum$108.66m

Arbitrum$138,311

Hyperliquid L1$577

Monad$16

Pendle V2$96.19m

Plasma$42.87m

Ethereum$31.03m

Monad$22.29m

Olympus DAO (Treasury)$28.95m

Ethereum$28.95m

Curve DEX$23.99m

Ethereum$23.59m

Plasma$397,371

Fraxtal$3,221

Hyperliquid L1$232

Mantle Treasury (Treasury)$20.4m

Ethereum$17.18m

Mantle$3.22m

Inverse Finance FiRM$18.63m

Ethereum$18.63m

Aave V4$7.64m

Ethereum$7.64m

Curve LlamaLend$6.99m

Ethereum$6.99m

Derive V2$5.68m

Ethereum$5.68m

Arbitrum$7,613

Contango V2$1.98m

Ethereum$1.98m

Venus Core Pool$1.85m

BSC$1.85m

Ethereum$161

Merit Circle (Treasury)$1.5m

Ethereum$1.5m

Fluid Lending$1.28m

Ethereum$864,977

Arbitrum$416,357

Plasma$849

Base$15

Euler V2$824,237

Ethereum$821,520

BSC$2,682

Plasma$23

Avalanche$12

Lista Lending$759,807

BSC$759,807

Terminal Finance Pre-Deposits$473,334

Ethereum$473,334

Parallel Protocol V3$447,750

Hyperliquid L1$344,441

Ethereum$103,309

Derive (Treasury)$430,128

Ethereum$430,128

Uniswap V4$419,793

Ethereum$403,833

BSC$13,275

Base$1,872

Monad$521

OP Mainnet$168

Avalanche$62

Arbitrum$31

Blast$31

Symbiotic$333,992

Ethereum$333,992

Fraxlend$147,289

Ethereum$147,289

Yearn (Treasury)$111,865

Ethereum$111,865

dTRINITY dLEND$98,387

Fraxtal$97,627

Ethereum$760

Latch$76,907

Ethereum$76,907

InfinityPools$47,732

Base$47,732

MUX Perps$30,948

Arbitrum$30,948

Reserve Protocol$25,632

Ethereum$25,632

Fuel Bridge$17,735

Ethereum$17,735

Kamino Lend$15,802

Solana$15,802

Alto$12,439

Ethereum$12,439

Ebisu V2$9,547

Ethereum$9,547

UwU Lend$8,579

Ethereum$8,579

Kodiak V3$6,913

Berachain$6,913

Phoenix Protocol$6,469

Ethereum$6,469

DYAD$5,473

Ethereum$5,473

Beraborrow$5,125

Berachain$5,125

Folks Finance xChain$3,677

Avalanche$3,677

Balancer V2$2,464

Fraxtal$2,167

Ethereum$297

zkLink Nova$2,318

Ethereum$2,318

Orca DEX$1,534

Solana$1,534

Supernova CL$1,524

Ethereum$1,524

Balancer V3$1,393

Plasma$1,007

Ethereum$376

Base$10

Blackwing$1,327

Ethereum$1,327

Hyperdrive$1,253

Ethereum$1,253

HyperLend Pooled$1,175

Hyperliquid L1$1,175

PancakeSwap AMM V3$986

Base$986

Uniswap V3$918

Ethereum$918

Rumpel Labs$725

Ethereum$725

Lucidly Finance$632

Ethereum$632

Cork V1$626

Ethereum$626

Manifest Trade$427

Solana$427

Thruster V3$413

Blast$413

Ekubo$402

Ethereum$402

Odyssey Finance$367

Ethereum$354

Plasma$13

Hybra V4$336

Hyperliquid L1$336

Shezmu$331

Ethereum$331

Hypertrade V3$324

Hyperliquid L1$324

Balancer CoW AMM$259

Base$259

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$223

Avalanche$223

INIT Capital$216

Blast$216

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

Ajna V2$113

Ethereum$113

Anvil$110

Ethereum$110

Blackhole CLMM$103

Avalanche$103

Velodrome V3$86

Fraxtal$86

HypurrFi Pooled$67

Hyperliquid L1$67

PancakeSwap Infinity$65

BSC$65

HawkFi$65

Solana$65

Fraxtal$63

Ethereum$63

Merchant Moe Liquidity Book$43

Mantle$43

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Meteora DAMM V1$16

Solana$16

Meteora vaults$16

Solana$16

Lithos$14

Plasma$14

Lendle Pooled Markets$14

Mantle$14

Ambient$14

Scroll$14

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/

Website X/Twitter LinkedIn Docs GitHub Telegram

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 (57)

Pool	Reference	Protocol
1 sUSDeStaked USDe	USDe	Ethena USDe	$1.242b	4.96%	Stable 96	11,921
2 reUSDRe Protocol Deposit Token	reUSD	Re	$283.58m	6.97%	Stable 99	810
3 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$208.88m	0.00%	Volatile 30
4 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$149m	0.00%	Volatile 29	608
5 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$96.02m	0.00%	Volatile 31
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$66.62m	4.16%1.33%+2.83%	Stable 94	33
7 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$53.54m	6.59%1.32%+5.27%	Stable 86	33
8 PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$22.2m	5.12%	Stable 99	14
9 PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$22.2m	11.15%11.13%+0.03%	Stable 88	111
10 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.69m	11.81%	Stable 98	524