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 | -0.57% | -2.36% | -12.04% | 2.248b | ||
| 100% | +0.07% | -0.14% | +0.28% | 538.57m | ||
| LayerZero | 100% | +1.28% | +8.60% | +45.18% | 356.85m | |
| LayerZero | 100% | +0.86% | +9.99% | +155% | 266.6m | |
| LayerZero | 100% | -0.03% | -0.07% | -10.53% | 168.53m | |
| 100% | +0.00% | +7.45% | +9.10% | 131.27m | ||
| LayerZero | 100% | +6.28% | +23.55% | -43.26% | 88.31m | |
| LayerZero | 100% | +0.75% | +386% | +172,130% | 64.42m | |
| LayerZero | 100% | +0.02% | -4.22% | -6.31% | 62.26m | |
| LayerZero | 100% | -0.00% | -4.17% | -11.77% | 15.51m | |
| LayerZero | 100% | +0.02% | +0.64% | -21.70% | 12.62m | |
| LayerZero | 100% | +0.46% | -0.08% | +3.42% | 1.81m | |
| LayerZero | 100% | -0.79% | +17.05% | +116% | 1.21m | |
| LayerZero | 100% | >-0.0001% | >-0.0001% | -0.26% | 929,257.64 | |
| LayerZero | 100% | -14.44% | -14.45% | -71.77% | 379,693.71 | |
| LayerZero | 100% | +0.00% | +0.00% | +0.00% | 78,518.21 | |
| LayerZero | 100% | -0.00% | -0.22% | -3.90% | 67,459.63 | |
| LayerZero | 100% | +0.00% | -10.02% | -10.02% | 67,166.16 | |
| LayerZero | 100% | -14.19% | -14.19% | -8.90% | 31,390.63 | |
| 0 | -0.00% | -0.00% | -1.54% | 21,329.61 | ||
| LayerZero | 100% | -0.00% | +0.37% | +0.34% | 13,657.63 | |
| LayerZero | 100% | -0.01% | -0.01% | -10.16% | 6,965.53 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.00% | 2,568.99 |