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 | +0.99% | -2.48% | -12.57% | 2.215b | ||
| 100% | -0.01% | -0.03% | +0.19% | 537.79m | ||
| LayerZero | 100% | +0.60% | +4.17% | +42.05% | 358.99m | |
| LayerZero | 100% | +2.21% | +12.15% | +187% | 294.19m | |
| LayerZero | 100% | +0.02% | -0.04% | +0.01% | 168.54m | |
| LayerZero | 100% | +27.63% | +119% | -8.44% | 165.05m | |
| 100% | +3.33% | +6.51% | +16.20% | 139.81m | ||
| LayerZero | 100% | +0.13% | +44.57% | +276% | 64.6m | |
| LayerZero | 100% | <0.0001% | -0.48% | -5.41% | 62.2m | |
| LayerZero | 100% | -0.15% | -0.36% | -12.63% | 15.46m | |
| LayerZero | 100% | -3.18% | -3.28% | -23.78% | 12.2m | |
| LayerZero | 100% | +0.30% | +0.53% | +4.72% | 1.82m | |
| LayerZero | 100% | +4.39% | +3.42% | +97.27% | 1.26m | |
| LayerZero | 100% | >-0.0001% | >-0.0001% | -0.26% | 929,257.64 | |
| LayerZero | 100% | >-0.0001% | -14.53% | -16.13% | 379,299.8 | |
| LayerZero | 100% | +0.00% | +0.00% | +0.00% | 78,518.21 | |
| LayerZero | 100% | +0.00% | +0.74% | -2.49% | 67,962.48 | |
| LayerZero | 100% | +0.00% | -0.07% | -10.09% | 67,117.26 | |
| LayerZero | 100% | -0.17% | -30.20% | -25.90% | 25,533.99 | |
| 0 | +0.00% | -0.00% | -1.54% | 21,329.08 | ||
| LayerZero | 100% | -0.00% | -0.08% | +0.29% | 13,646.6 | |
| LayerZero | 100% | -0.01% | -0.01% | -6.14% | 6,965.53 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.00% | 2,568.99 |