Ethena Staked USDe(SUSDE)

Token Price$1.26-0.01%over 24h

All Time HighJan 29, 2025$1.29

All Time LowApr 3, 2024$1.01

Key Metrics

Market Cap$1.199b

Fully Diluted Valuation$1.199b

Circ. Supply956.34m SUSDE

Volume 24h$12.07m

CEX Volume$0

DEX Volume$12.37m

Website X/Twitter

Category:Liquid Staking Tokens

Risks

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

Maximum possible exposure to SUSDE

$302.7m

$52.84m (max additional borrows against SUSDE) + $249.86m (bad debt if SUSDE was hacked now)

Aave V3

$173m at-risk exposure = $142.75m bad debt if hacked + $30.25m additional borrowable against SUSDE

Morpho V1

$118.19m at-risk exposure = $106.34m bad debt if hacked + $11.86m additional borrowable against SUSDE

Fluid

$8.02m at-risk exposure = $74,223 bad debt if hacked + $7.95m additional borrowable against SUSDE

Venus Core Pool

$2.6m at-risk exposure = $21.02 bad debt if hacked + $2.6m additional borrowable against SUSDE

Euler V2

$877,598 at-risk exposure = $694,087 bad debt if hacked + $183,511 additional borrowable against SUSDE

HyperLend Pooled

$2,702 at-risk exposure = — bad debt if hacked + $2,702 additional borrowable against SUSDE

Lista Lending

$16.02 at-risk exposure = $0 bad debt if hacked + $16.02 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	$29.14m	$142.75m
Morpho V1	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$11.85m	$106.31m
Fluid	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$7.65m	$23,250
Venus Core Pool	BSC	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2.6m	$21.02
Aave V3	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$1.11m	—
Fluid	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$283,572	$50,755
Euler V2	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$166,120	$693,072
Fluid	Plasma	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$19,768	$217.71
Euler V2	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$15,876	$9.43
Morpho V1	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$3,899	$25,614

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Token Usage

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Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 57 pools

Pool	Reference	Protocol
1 sUSDeStaked USDe	USDe	Ethena USDe	$1.202b	+$59.31m	5.01%	—	Stable 97	12,431
2 reUSDRe Protocol Deposit Token	reUSD	Re	$359.98m	+$4.7m	6.86%	—	Stable 99	912
3 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$231.79m	+$92.7m	0.00%	—	Stable 100	637
4 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$162.16m	-$13.96m	0.00%	—	Stable 100	—
5 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$50.75m	—	3.83%1.30%+2.53%	—	Stable 92	39
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$41.3m	—	5.49%1.31%+4.41%	—	Stable 86	39
7 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$33.01m	-$30.27m	0.00%	—	Stable 100	—
8 reUSDeRe Protocol reUSDe	reUSDe	Re	$29.59m	+$27,502	11.83%	—	Stable 100	569
9 PT-sUSDE-28JAN2027PT Ethena sUSDE 28JAN2027	sUSDe	Pendle V2	$16.53m	—	Fixed4.78%	—	Stable 97	8
10 PLP-sUSDE-28JAN2027PLP Ethena sUSDE 28JAN2027	sUSDe	Pendle V2	$16.53m	-$1.97m	10.76%10.42%+0.34%	—	Stable 76	80

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Borrow

Showing 10 of 78 routes

Use SUSDEBorrow SUSDE

Collateral / Borrow	Protocol
1 sUSDe / DOGE	Venus Core Pool	+0.00%	0.00%	0.00%	$190,769	75%
2 sUSDe / kHYPE	HyperLend Pooled	>-0.01%	0.00%	<0.01%	$34,133	59%
3 sUSDe / SolvBTC	Venus Core Pool	-0.01%	0.00%	0.01%	$1.26m	75%
4 sUSDe / wstHYPE	HyperLend Pooled	-0.02%	0.00%	0.02%	$141,796	59%
5 sUSDe / beHYPE	HyperLend Pooled	-0.02%	0.00%	0.02%	$46,439	59%
6 sUSDe / WBTC	Dolomite	-0.05%	0.00%	0.05%	$666,596	83.33%
7 sUSDe / BTC.b	Aave V3	-0.15%	0.00%	0.15%	$3.5m	70%
8 sUSDe / WBNB	Venus Core Pool	-0.28%	0.00%	0.28%	$325.66m	75%
9 sUSDe / wBETH	Venus Core Pool	-0.31%	0.00%	0.31%	$1.37m	75%
10 sUSDe / AAVE	Venus Core Pool	-0.53%	0.00%	0.53%	$313,237	75%

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Protocol	Chain
Aave V3	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$29.14m	$142.75m
Morpho V1	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$11.85m	$106.31m
Fluid	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$7.65m	$23,250
Venus Core Pool	BSC	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2.6m	$21.02
Aave V3	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$1.11m	—
Fluid	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$283,572	$50,755
Euler V2	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$166,120	$693,072
Fluid	Plasma	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$19,768	$217.71
Euler V2	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$15,876	$9.43
Morpho V1	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$3,899	$25,614