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% | +0.87% | -1.55% | +10.86% | 2.726b | ||
| LayerZero | 100% | -1.12% | +3.18% | +96.67% | 536.44m | |
| 100% | +7.28% | +9.76% | -6.06% | 503.93m | ||
| LayerZero | 100% | >-0.0001% | -0.02% | +14.45% | 392.62m | |
| LayerZero | 100% | +1.51% | +4.63% | +12.98% | 361.54m | |
| 100% | -5.13% | -3.65% | +11.28% | 177.94m | ||
| LayerZero | 100% | +0.64% | +11.55% | +34.88% | 80.9m | |
| LayerZero | 100% | <0.0001% | +0.00% | -18.66% | 78.4m | |
| LayerZero | 100% | -2.07% | +30.43% | -3.85% | 68.03m | |
| LayerZero | 100% | -0.79% | -0.44% | +7.28% | 12.7m | |
| 100% | +3.68% | +21.41% | +79.78% | 7.83m | ||
| LayerZero | 100% | +0.07% | -0.73% | -32.88% | 7.74m | |
| LayerZero | 100% | +0.01% | -11.09% | -52.09% | 1.93m | |
| LayerZero | 100% | -0.16% | -18.69% | -18.74% | 755,553.03 | |
| LayerZero | 100% | <0.0001% | -4.92% | -9.99% | 336,276.12 | |
| LayerZero | 100% | -0.01% | -0.01% | -0.01% | 78,421.58 | |
| LayerZero | 100% | +0.00% | +0.00% | -0.54% | 66,721.33 | |
| LayerZero | 100% | -0.00% | -0.04% | +5.99% | 65,086.71 | |
| LayerZero | 100% | -0.00% | -37.80% | +24.24% | 28,875.55 | |
| LayerZero | 100% | -0.00% | -0.00% | +91.25% | 25,151.55 | |
| 0.00% | +0.00% | +0.00% | +0.00% | 21,072.21 | ||
| LayerZero | 100% | -0.00% | -0.02% | -0.90% | 6,486.86 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.00% | 2,568.99 |