Ethena Staked USDe(SUSDE)

Token Price$1.25

24h Change+0.013%

All Time HighJan 29, 2025$1.29

All Time LowApr 3, 2024$1.01

Key Metrics

$1.25b

$1.249b

999.57m SUSDE

Volume 24h$4.87m

CEX Volume$0

DEX Volume$4.68m

Risks

How much debt can be issued against SUSDE as collateral across lending protocols.

Maximum possible exposure to SUSDE

$304.51m

$103.22m (max additional borrows against SUSDE) + $201.29m (bad debt if SUSDE was hacked now)

Aave V3

$172.95m at-risk exposure = $105.22m bad debt if hacked + $67.73m additional borrowable against SUSDE

Morpho V1

$107.68m at-risk exposure = $94.54m bad debt if hacked + $13.14m additional borrowable against SUSDE

Tydro

$11.25m at-risk exposure = -- bad debt if hacked + $11.25m additional borrowable against SUSDE

Fluid

$8.63m at-risk exposure = $434,243 bad debt if hacked + $8.2m additional borrowable against SUSDE

Venus Core Pool

$2.8m at-risk exposure = $435,451 bad debt if hacked + $2.36m additional borrowable against SUSDE

Euler V2

$1.18m at-risk exposure = $644,319 bad debt if hacked + $536,145 additional borrowable against SUSDE

HyperLend Pooled

$2,689 at-risk exposure = -- bad debt if hacked + $2,689 additional borrowable against SUSDE

Lista Lending

$16,411 at-risk exposure = $15,591 bad debt if hacked + $820.55 additional borrowable against SUSDE

Methodology and limitations

Showing collateral exposure for SUSDE on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Show exposure details

Each row is one protocol-chain exposure for SUSDE as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Aave V3	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$66.64m	$105.22m
Morpho V1	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$13.13m	$94.51m
Tydro	Ink	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$11.25m	—
Fluid	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$7.23m	$382,826
Venus Core Pool	BSC	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2.36m	$435,451
Aave V3	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$1.09m	—
Fluid	Plasma	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$672,966	$955.10
Euler V2	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$502,364	$642,015
Fluid	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$281,695	$50,443
Euler V2	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$25,667	$9.43

Page 1 of 2

Token Usage

An is required to view token usage.

Yields

Showing 10 of 54 pools

Pool	Reference	Protocol
1 sUSDeStaked USDe	USDe	Ethena USDe	$1.246b	4.94%	Stable 96	11,897
2 reUSDRe Protocol Deposit Token	reUSD	Re	$280.44m	6.89%	Stable 99	796
3 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$208.8m	0.00%	Mixed 35
4 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$145.65m	0.00%	Mixed 34	607
5 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$96.2m	0.00%	Mixed 35
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$66.42m	4.15%1.33%+2.82%	Stable 94	33
7 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$53.35m	6.62%1.33%+5.29%	Stable 87	33
8 PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$21.42m	5.20%	Stable 98	14
9 PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$21.42m	11.17%11.14%+0.02%	Stable 90	109
10 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.6m	11.80%	Stable 98	521

Page 1 of 6

Borrow

Showing 10 of 100 routes

Use SUSDEBorrow SUSDE

Collateral / Borrow	Protocol
1 SUSDE / USDC.e	LayerBank	+42.42%	34.66%	-7.76%5.67%-13.44%	$11,566	7%
2 SUSDE / USDT.e	LayerBank	+34.58%	34.66%	0.08%5.87%-5.79%	$23,771	7%
3 SUSDE / WBTC	LayerBank	+33.50%	34.66%	1.16%2.33%-1.17%	$17,039	7%
4 sUSDe / DOGE	Venus Core Pool	+0.00%	0.00%	0.00%	$269,292	75%
5 sUSDe / sAVAX	Folks Finance xChain	+0.00%	0.00%	0.00%	$214,765	75%
6 sUSDe / kHYPE	HyperLend Pooled	>-0.01%	0.00%	<0.01%	$40,432	59%
7 sUSDe / SolvBTC	Venus Core Pool	-0.01%	0.00%	0.01%	$1.54m	75%
8 sUSDe / EURC	Folks Finance xChain	-0.01%	0.00%	0.01%	$31,613	75%
9 sUSDe / wstHYPE	HyperLend Pooled	-0.01%	0.00%	0.01%	$179,695	59%
10 sUSDe / beHYPE	HyperLend Pooled	-0.02%	0.00%	0.02%	$55,165	59%

Page 1 of 10

Protocol	Chain
Aave V3	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$66.64m	$105.22m
Morpho V1	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$13.13m	$94.51m
Tydro	Ink	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$11.25m	—
Fluid	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$7.23m	$382,826
Venus Core Pool	BSC	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2.36m	$435,451
Aave V3	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$1.09m	—
Fluid	Plasma	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$672,966	$955.10
Euler V2	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$502,364	$642,015
Fluid	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$281,695	$50,443
Euler V2	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$25,667	$9.43