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 | |||||
|---|---|---|---|---|---|---|
| 0.00% | +2.13% | +7.63% | +2.38% | 2.371b | ||
| 100% | -0.01% | -0.29% | -1.20% | 536.19m | ||
| LayerZero | 100% | +0.39% | +5.66% | +23.84% | 346.99m | |
| LayerZero | 100% | +0.39% | +0.08% | +35.98% | 321.22m | |
| LayerZero | 100% | +7.62% | +53.37% | +135% | 251.95m | |
| 100% | +1.57% | +9.20% | +27.83% | 155.8m | ||
| LayerZero | 100% | -12.73% | -26.74% | -26.83% | 123.4m | |
| LayerZero | 100% | -21.17% | -10.45% | +588% | 75.41m | |
| LayerZero | 100% | -1.34% | +1.91% | -12.13% | 58.99m | |
| LayerZero | 100% | -14.44% | -24.43% | -25.49% | 12.07m | |
| LayerZero | 100% | -0.42% | -2.67% | -5.98% | 11.95m | |
| LayerZero | 100% | -0.94% | -8.31% | +125% | 4.08m | |
| LayerZero | 100% | +2.37% | +104% | +213% | 3.09m | |
| LayerZero | 100% | >-0.0001% | >-0.0001% | -0.20% | 929,748.99 | |
| LayerZero | 100% | <0.0001% | -0.04% | -18.04% | 373,886.09 | |
| LayerZero | 100% | -0.11% | -0.11% | -0.11% | 78,431.13 | |
| LayerZero | 100% | -0.00% | -0.00% | -10.14% | 67,082.82 | |
| LayerZero | 100% | -0.00% | +0.72% | -9.22% | 61,405.74 | |
| LayerZero | 100% | +0.00% | -3.94% | -12.39% | 26,524.12 | |
| 0.00% | +0.00% | +0.00% | -1.21% | 21,072.21 | ||
| LayerZero | 100% | +0.00% | -1.50% | -3.35% | 13,151.07 | |
| LayerZero | 100% | -0.68% | -6.03% | 6,546.17 | ||
| LayerZero | 100% | -0.00% | -0.00% | -0.00% | 2,568.99 |