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% | -0.09% | -9.03% | -4.35% | 2.477b | ||
| LayerZero | 100% | -0.49% | +8.06% | +55.78% | 575.59m | |
| 100% | -3.24% | -16.31% | -15.09% | 452.53m | ||
| LayerZero | 100% | -1.35% | -1.61% | +9.58% | 387.21m | |
| LayerZero | 100% | -0.26% | +2.14% | +13.09% | 369.33m | |
| 100% | -0.09% | +0.15% | -0.80% | 168.97m | ||
| LayerZero | 100% | +24.15% | +109% | +72.64% | 142.26m | |
| LayerZero | 100% | <0.0001% | +0.00% | -0.03% | 78.4m | |
| LayerZero | 100% | -10.19% | -8.42% | +21.14% | 74.09m | |
| LayerZero | 100% | -3.53% | -1.53% | +5.23% | 12.52m | |
| 100% | +2.55% | +32.01% | +91.72% | 10.78m | ||
| LayerZero | 100% | >-0.0001% | -0.75% | -14.91% | 7.53m | |
| LayerZero | 100% | +7,936,504% | +7,936,504% | +8,196,721% | 5m | |
| LayerZero | 100% | -0.78% | -0.61% | -52.25% | 1.92m | |
| LayerZero | 100% | -0.14% | -3.59% | -23.64% | 709,575.9 | |
| LayerZero | 100% | <0.0001% | -1.49% | -11.57% | 331,249.26 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.01% | 78,421.58 | |
| LayerZero | 100% | +0.00% | +0.00% | -0.31% | 66,721.33 | |
| LayerZero | 100% | +0.00% | -0.23% | +5.75% | 64,935.23 | |
| LayerZero | 100% | -4.89% | +1.03% | -0.07% | 29,172.76 | |
| LayerZero | 100% | +0.00% | -0.93% | +89.47% | 24,917.22 | |
| 0.00% | +0.00% | +0.00% | +0.00% | 21,072.21 | ||
| LayerZero | 100% | -0.00% | -0.00% | -0.90% | 6,486.86 |