USDe (Ethena Synthetic Dollar) product
Overview
USDe is a synthetic dollar issued by Ethena Labs, designed to maintain a stable value through a delta-hedging strategy that combines spot crypto assets (such as staked Ethereum) with corresponding short futures positions on centralized exchanges. It functions as a stablecoin-like asset within decentralized finance, used as a store of value and collateral.
Within the DeFi Intel graph, USDe (Ethena Synthetic Dollar) connects to 2 tracked entities, most strongly to Ethena Labs, sUSDe (Staked USDe).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | Ethena Labs | 95% |
staked_as | sUSDe (Staked USDe) | 95% |
Frequently asked questions
What is USDe?
USDe is a synthetic dollar issued by Ethena Labs, designed to maintain a stable value through a delta-hedging strategy that combines spot crypto assets with corresponding short futures positions on centralized exchanges.
How does USDe maintain its stability?
USDe maintains its stability through a delta-hedging strategy that combines spot crypto assets, such as staked Ethereum, with corresponding short futures positions on centralized exchanges.
What is the relationship between USDe and sUSDe?
USDe can be staked to become sUSDe (Staked USDe).