Ethena Staked USDe(SUSDE)

Token Price$1.25+0.00%over 24h

All Time HighJan 29, 2025$1.29

All Time LowApr 3, 2024$1.01

Key Metrics

Market Cap$1.183b

Fully Diluted Valuation$1.183b

Circ. Supply943.08m SUSDE

Volume 24h$6.08m

CEX Volume$0

DEX Volume$6.21m

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

$244m

$46.84m (max additional borrows against SUSDE) + $197.17m (bad debt if SUSDE was hacked now)

Aave V3

$126.28m at-risk exposure = $95.26m bad debt if hacked + $31.02m additional borrowable against SUSDE

Morpho V1

$113.26m at-risk exposure = $100.75m bad debt if hacked + $12.51m additional borrowable against SUSDE

Venus Core Pool

$2.91m at-risk exposure = $427,968 bad debt if hacked + $2.48m additional borrowable against SUSDE

Euler V2

$1.12m at-risk exposure = $678,060 bad debt if hacked + $438,360 additional borrowable against SUSDE

Fluid

$433,236 at-risk exposure = $50,837 bad debt if hacked + $382,398 additional borrowable against SUSDE

HyperLend Pooled

$2,696 at-risk exposure = -- bad debt if hacked + $2,696 additional borrowable against SUSDE

Lista Lending

$16.03 at-risk exposure = $0 bad debt if hacked + $16.03 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	$29.93m	$95.26m
Morpho V1	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$12.51m	$100.72m
Venus Core Pool	BSC	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2.48m	$427,968
Aave V3	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$1.09m	—
Euler V2	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$418,830	$677,045
Fluid	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$282,461	$50,626
Fluid	Plasma	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$99,938	$211.68
Euler V2	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$18,015	$9.43
Morpho V1	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$3,518	$25,340
HyperLend Pooled	Hyperliquid L1	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2,696	—

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Token Usage

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Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 63 pools

Pool	Reference	Protocol
1 sUSDeStaked USDe	USDe	Ethena USDe	$1.183b	4.94%	Stable 97	12,171
2 reUSDRe Protocol Deposit Token	reUSD	Re	$338.22m	6.88%	Stable 98	892
3 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$183.36m	0.00%	Stable 100
4 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$130.48m	0.00%	Stable 100	620
5 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$85.02m	0.00%	Stable 100
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$61.25m	4.19%1.27%+2.92%	Stable 96	36
7 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$47.62m	6.31%1.27%+5.04%	Stable 94	36
8 reUSDeRe Protocol reUSDe	reUSDe	Re	$30.05m	11.84%	Stable 99	553
9 PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$16.4m	5.27%	Stable 94	11
10 PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$16.4m	9.40%9.37%+0.03%	Stable 89	29

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Borrow

Showing 10 of 85 routes

Use SUSDEBorrow SUSDE

Collateral / Borrow	Protocol
1 SUSDE / USDC.e	LayerBank	+33.77%	28.00%	-5.77%5.75%-11.51%	$11,347	7%
2 SUSDE / USDT.e	LayerBank	+27.15%	28.00%	0.85%5.87%-5.02%	$23,678	7%
3 SUSDE / WBTC	LayerBank	+26.70%	28.00%	1.30%2.33%-1.03%	$16,226	7%
4 sUSDe / DOGE	Venus Core Pool	+0.00%	0.00%	0.00%	$227,138	75%
5 sUSDe / kHYPE	HyperLend Pooled	>-0.01%	0.00%	<0.01%	$35,665	59%
6 sUSDe / SolvBTC	Venus Core Pool	-0.01%	0.00%	0.01%	$1.44m	75%
7 sUSDe / wstHYPE	HyperLend Pooled	-0.02%	0.00%	0.02%	$160,123	59%
8 sUSDe / beHYPE	HyperLend Pooled	-0.02%	0.00%	0.02%	$48,234	59%
9 sUSDe / WBTC	Dolomite	-0.04%	0.00%	0.04%	$774,756	83.33%
10 sUSDe / BTC.b	Aave V3	-0.22%	0.00%	0.22%	$3.91m	70%

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Protocol	Chain
Aave V3	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$29.93m	$95.26m
Morpho V1	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$12.51m	$100.72m
Venus Core Pool	BSC	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2.48m	$427,968
Aave V3	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$1.09m	—
Euler V2	Ethereum	sUSDe0x9d39a5de30e57443bff2a8307a4256c8797a3497	$418,830	$677,045
Fluid	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$282,461	$50,626
Fluid	Plasma	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$99,938	$211.68
Euler V2	Avalanche	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$18,015	$9.43
Morpho V1	Arbitrum	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$3,518	$25,340
HyperLend Pooled	Hyperliquid L1	sUSDe0x211cc4dd073734da055fbf44a2b4667d5e5fe5d2	$2,696	—