Stablecoin Information
Ethereum enabled crypto-native synthetic dollar which provides an embedded yield to users and achieves price stability through delta-neutral hedging across centralized and decentralized venues
Category:crypto-backed
Minting and Redemption
Ethena enables users to deposit either USD, Ethereum or liquid staking tokens as collateral to create USDe. Stability is ensured through delta-neutral hedging process across centralized and decentralized exchanges.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.86% | -3.74% | -9.17% | 2.453b | ||
| 100% | -0.00% | +0.12% | -2.13% | 537.43m | ||
| LayerZero | 100% | +7.23% | +1.39% | +50.10% | 256.09m | |
| LayerZero | 100% | +6.01% | +63.90% | 176.77m | ||
| LayerZero | 100% | -0.01% | -0.00% | -32.45% | 168.51m | |
| LayerZero | 100% | -0.09% | -13.22% | +15.96% | 156.55m | |
| 100% | >-0.0001% | +0.00% | -14.92% | 120.32m | ||
| LayerZero | 100% | -0.51% | -2.43% | -33.18% | 64.2m | |
| LayerZero | 100% | +0.63% | -0.20% | -28.19% | 17.64m | |
| LayerZero | 100% | -0.61% | +2.30% | -28.08% | 16.37m | |
| LayerZero | 100% | -20.17% | +931% | 12.4m | ||
| LayerZero | 100% | +2.12% | +0.58% | -0.36% | 1.76m | |
| LayerZero | 100% | <0.0001% | <0.0001% | +3.31% | 931,635.06 | |
| LayerZero | 100% | +7.14% | +17.36% | +221% | 750,312.09 | |
| LayerZero | 100% | +65.69% | -64.99% | -99.96% | 158,319.39 | |
| LayerZero | 100% | +0.00% | +0.00% | 78,518.21 | ||
| LayerZero | 100% | +0.00% | +0.00% | -0.13% | 74,649.39 | |
| LayerZero | 100% | -0.00% | -0.00% | +0.07% | 69,696.72 | |
| LayerZero | 100% | -0.00% | -9.24% | -4.64% | 31,273.78 | |
| 0 | -0.00% | -1.54% | -1.54% | 21,328.61 | ||
| LayerZero | 100% | +0.00% | -0.03% | -0.09% | 13,607.39 | |
| LayerZero | 100% | -0.35% | -4.61% | -4.61% | 7,395.34 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.00% | 2,568.99 |