Ethena Staked USDe(sUSDe)

Onchain AUM$1.502b

Onchain AUM by chain

Ethereum$1.189b

Plasma$187.45m

Mantle$88.31m

Monad$20.46m

Solana$6.06m

Base$4.44m

BSC$2.53m

Arbitrum$2.01m

Berachain$902,920

Hyperliquid L1$410,783

Fraxtal$286,661

Avalanche$42,289

Blast$4,491

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active AUM$1.502b

Ethereum$1.189b

Plasma$187.45m

Mantle$88.31m

Monad$20.46m

Solana$6.06m

Base$4.44m

BSC$2.53m

Arbitrum$2.01m

Berachain$902,920

Hyperliquid L1$410,783

Fraxtal$286,661

Avalanche$42,289

Blast$4,491

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.208b
Aave V3$395.99m

Plasma$183.43m

Ethereum$127.47m

Mantle$85.06m

Avalanche$28,877

Monad$406

ZKsync Era$131

LayerZero V2$313.17m

Ethereum$313.17m

Re$218.52m

Ethereum$214.19m

Base$4.32m

Arbitrum$6,397

Morpho Blue$118.15m

Ethereum$118.01m

Arbitrum$138,706

Hyperliquid L1$561

Monad$16

Pendle V2$53.84m

Ethereum$30.99m

Monad$20.3m

Plasma$2.55m

Olympus DAO (Treasury)$27.71m

Ethereum$27.71m

Mantle Treasury (Treasury)$20.45m

Ethereum$17.22m

Mantle$3.23m

Curve DEX$19.28m

Ethereum$19m

Plasma$268,498

Fraxtal$2,436

Hyperliquid L1$209

Inverse Finance FiRM$15.68m

Ethereum$15.68m

Derive V3 Options$5.69m

Ethereum$5.69m

Curve LlamaLend$4.85m

Ethereum$4.85m

Aave V4$4.37m

Ethereum$4.37m

Contango V2$1.77m

Ethereum$1.77m

Venus Core Pool$1.68m

BSC$1.68m

Ethereum$161

Merit Circle (Treasury)$1.5m

Ethereum$1.5m

Fluid Lending$979,874

Ethereum$646,198

Arbitrum$332,975

Plasma$689

Base$12

Euler V2$837,617

Ethereum$836,310

BSC$1,272

Plasma$23

Avalanche$12

Lista Lending$835,177

BSC$835,177

Uniswap V4$798,747

Ethereum$781,037

BSC$13,378

Base$2,700

Monad$1,340

OP Mainnet$168

Avalanche$62

Arbitrum$31

Blast$31

Terminal Finance Pre-Deposits$462,018

Ethereum$462,018

Parallel Protocol V3$444,913

Hyperliquid L1$341,358

Ethereum$103,555

Derive (Treasury)$431,153

Ethereum$431,153

Symbiotic$302,342

Ethereum$302,342

Fraxlend$147,592

Ethereum$147,592

OpenGDP Shared Security$114,243

Ethereum$114,243

dTRINITY dLEND$98,617

Fraxtal$97,855

Ethereum$762

Yearn (Treasury)$49,429

Ethereum$49,429

InfinityPools$47,900

Base$47,900

Latch$45,781

Ethereum$45,781

MUX Perps$31,092

Arbitrum$31,092

Reserve Protocol$24,787

Ethereum$24,787

Kamino Lend$15,094

Solana$15,094

Alto$11,780

Ethereum$11,780

UwU Lend$8,599

Ethereum$8,599

Metric V1$7,977

Ethereum$7,977

Phoenix Protocol$6,474

Ethereum$6,474

Supernova CL$6,339

Ethereum$6,339

DYAD$5,486

Ethereum$5,486

Kodiak V3$3,837

Berachain$3,837

Loopscale Lending$3,716

Solana$3,716

Folks Finance xChain$3,688

Avalanche$3,688

Fuel Bridge$2,603

Ethereum$2,603

Balancer V2$2,439

Fraxtal$2,163

Ethereum$276

Ekubo$1,428

Ethereum$1,428

Beraborrow$1,356

Berachain$1,356

Blackwing$1,330

Ethereum$1,330

Hyperdrive$1,256

Ethereum$1,256

HyperLend Pooled$1,179

Hyperliquid L1$1,179

Balancer V3$1,168

Plasma$746

Ethereum$422

Uniswap V3$921

Ethereum$921

Rumpel Labs$727

Ethereum$727

Orca DEX$646

Solana$646

Lucidly Finance$634

Ethereum$634

Cork V1$628

Ethereum$628

Manifest Trade$429

Solana$429

Shezmu$332

Ethereum$332

Hypertrade V3$278

Hyperliquid L1$278

Thruster V3$272

Blast$272

Balancer CoW AMM$260

Base$260

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$223

Avalanche$223

INIT Capital$216

Blast$216

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

HawkFi$120

Solana$120

Blackhole CLMM$114

Avalanche$114

Ajna V2$113

Ethereum$113

Anvil$110

Ethereum$110

Hybra V4$93

Hyperliquid L1$93

HypurrFi Pooled$68

Hyperliquid L1$68

PancakeSwap Infinity$66

BSC$66

Fraxtal$63

Ethereum$63

PancakeSwap AMM V3$61

Base$61

Merchant Moe Liquidity Book$46

Mantle$46

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Aero Slipstream$26

Ethereum$26

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Meteora DAMM V1$15

Solana$15

Meteora vaults$15

Solana$15

Ambient$14

Scroll$14

Lendle Pooled Markets$12

Mantle$12

Lithos$12

Plasma$12

Net Flows 7d

Net Flows 30d

sUSDe Price$1.25

Chains24

Ethena Staked USDe(sUSDe)
Onchain AUM$1.502b

Onchain AUM by chain

Ethereum$1.189b

Plasma$187.45m

Mantle$88.31m

Monad$20.46m

Solana$6.06m

Base$4.44m

BSC$2.53m

Arbitrum$2.01m

Berachain$902,920

Hyperliquid L1$410,783

Fraxtal$286,661

Avalanche$42,289

Blast$4,491

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active AUM$1.502b

Ethereum$1.189b

Plasma$187.45m

Mantle$88.31m

Monad$20.46m

Solana$6.06m

Base$4.44m

BSC$2.53m

Arbitrum$2.01m

Berachain$902,920

Hyperliquid L1$410,783

Fraxtal$286,661

Avalanche$42,289

Blast$4,491

ZKsync Era$766

Scroll$650

Linea$560

Mode$518

OP Mainnet$428

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.208b
Aave V3$395.99m

Plasma$183.43m

Ethereum$127.47m

Mantle$85.06m

Avalanche$28,877

Monad$406

ZKsync Era$131

LayerZero V2$313.17m

Ethereum$313.17m

Re$218.52m

Ethereum$214.19m

Base$4.32m

Arbitrum$6,397

Morpho Blue$118.15m

Ethereum$118.01m

Arbitrum$138,706

Hyperliquid L1$561

Monad$16

Pendle V2$53.84m

Ethereum$30.99m

Monad$20.3m

Plasma$2.55m

Olympus DAO (Treasury)$27.71m

Ethereum$27.71m

Mantle Treasury (Treasury)$20.45m

Ethereum$17.22m

Mantle$3.23m

Curve DEX$19.28m

Ethereum$19m

Plasma$268,498

Fraxtal$2,436

Hyperliquid L1$209

Inverse Finance FiRM$15.68m

Ethereum$15.68m

Derive V3 Options$5.69m

Ethereum$5.69m

Curve LlamaLend$4.85m

Ethereum$4.85m

Aave V4$4.37m

Ethereum$4.37m

Contango V2$1.77m

Ethereum$1.77m

Venus Core Pool$1.68m

BSC$1.68m

Ethereum$161

Merit Circle (Treasury)$1.5m

Ethereum$1.5m

Fluid Lending$979,874

Ethereum$646,198

Arbitrum$332,975

Plasma$689

Base$12

Euler V2$837,617

Ethereum$836,310

BSC$1,272

Plasma$23

Avalanche$12

Lista Lending$835,177

BSC$835,177

Uniswap V4$798,747

Ethereum$781,037

BSC$13,378

Base$2,700

Monad$1,340

OP Mainnet$168

Avalanche$62

Arbitrum$31

Blast$31

Terminal Finance Pre-Deposits$462,018

Ethereum$462,018

Parallel Protocol V3$444,913

Hyperliquid L1$341,358

Ethereum$103,555

Derive (Treasury)$431,153

Ethereum$431,153

Symbiotic$302,342

Ethereum$302,342

Fraxlend$147,592

Ethereum$147,592

OpenGDP Shared Security$114,243

Ethereum$114,243

dTRINITY dLEND$98,617

Fraxtal$97,855

Ethereum$762

Yearn (Treasury)$49,429

Ethereum$49,429

InfinityPools$47,900

Base$47,900

Latch$45,781

Ethereum$45,781

MUX Perps$31,092

Arbitrum$31,092

Reserve Protocol$24,787

Ethereum$24,787

Kamino Lend$15,094

Solana$15,094

Alto$11,780

Ethereum$11,780

UwU Lend$8,599

Ethereum$8,599

Metric V1$7,977

Ethereum$7,977

Phoenix Protocol$6,474

Ethereum$6,474

Supernova CL$6,339

Ethereum$6,339

DYAD$5,486

Ethereum$5,486

Kodiak V3$3,837

Berachain$3,837

Loopscale Lending$3,716

Solana$3,716

Folks Finance xChain$3,688

Avalanche$3,688

Fuel Bridge$2,603

Ethereum$2,603

Balancer V2$2,439

Fraxtal$2,163

Ethereum$276

Ekubo$1,428

Ethereum$1,428

Beraborrow$1,356

Berachain$1,356

Blackwing$1,330

Ethereum$1,330

Hyperdrive$1,256

Ethereum$1,256

HyperLend Pooled$1,179

Hyperliquid L1$1,179

Balancer V3$1,168

Plasma$746

Ethereum$422

Uniswap V3$921

Ethereum$921

Rumpel Labs$727

Ethereum$727

Orca DEX$646

Solana$646

Lucidly Finance$634

Ethereum$634

Cork V1$628

Ethereum$628

Manifest Trade$429

Solana$429

Shezmu$332

Ethereum$332

Hypertrade V3$278

Hyperliquid L1$278

Thruster V3$272

Blast$272

Balancer CoW AMM$260

Base$260

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$223

Avalanche$223

INIT Capital$216

Blast$216

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

HawkFi$120

Solana$120

Blackhole CLMM$114

Avalanche$114

Ajna V2$113

Ethereum$113

Anvil$110

Ethereum$110

Hybra V4$93

Hyperliquid L1$93

HypurrFi Pooled$68

Hyperliquid L1$68

PancakeSwap Infinity$66

BSC$66

Fraxtal$63

Ethereum$63

PancakeSwap AMM V3$61

Base$61

Merchant Moe Liquidity Book$46

Mantle$46

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Aero Slipstream$26

Ethereum$26

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Meteora DAMM V1$15

Solana$15

Meteora vaults$15

Solana$15

Ambient$14

Scroll$14

Lendle Pooled Markets$12

Mantle$12

Lithos$12

Plasma$12

Net Flows 7d

Net Flows 30d

sUSDe Price$1.25

Chains24

Token properties

CategoryRWA Wrappers
Asset ClassStable Yield Wrapper
TypeWrapper
RWA ClassificationProgrammable Finance
Access ModelPermissionless
Parent PlatformEthena

Classification

RedeemableIndicates whether the token can be redeemed for underlying assets

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

Asset information

IssuerEthena Labs, S.A.

Registry InformationEthena Labs, S.A. is a Portuguese company limited by shares that develops the USDe protocol. The sUSDe staking contract is an ERC-4626 vault on Ethereum that holds USDe and accrues protocol rewards to stakers through the share price.

Sourcehttps://www.lei-lookup.com/record/894500K29XZNTAWSC539/

Notes

  • sUSDe is the staked form of Ethena USDe. Depositors stake USDe in an ERC-4626 vault on Ethereum and receive a non-rebasing share token whose redemption value rises as protocol rewards accrue, so the position grows through share price rather than through a rising balance. Unstaking passes through a cooldown enforced by the vault before USDe can be withdrawn. Ethena describes the reward stream as protocol revenue from funding and basis spread on delta-hedged crypto positions, from lending revenue, from real world asset yield, and from liquid stablecoin rewards, so only part of the return is real world asset income and the dominant driver in normal conditions is perpetual funding. The share of backing held in liquid stablecoins and tokenized short-duration government debt rises when funding rates fall below Treasury yields, which is the purpose of the USDtb allocation. Rewards are distributed at the discretion of the protocol and periods of negative revenue are absorbed by the reserve fund rather than passed to holders. The Ethereum contract is the canonical vault and the deployments on other chains are bridged representations that do not themselves hold USDe.

DeFi Yield Opportunities (63)

Pool
Reference
Protocol
Chain
30d Trend
1sUSDeStaked USDeUSDeLogo of Ethena USDeEthena USDe
Logo of Ethereum
$1.189b-$16.32m4.95%Stable 9712,220
2reUSDRe Protocol Deposit TokenreUSDLogo of ReRe
Logo of Ethereum
$342.2m+$16.83m6.88%Stable 98875
3aPlasUSDeAave Plasma sUSDesUSDeLogo of Aave V3Aave V3
Logo of Plasma
$183.47m-$7.33m0.00%Stable 100
4aEthsUSDeAave Ethereum sUSDesUSDeLogo of Aave V3Aave V3
Logo of Ethereum
$127.44m+$4.43m0.00%Stable 100621
5aMansUSDeAave Mantle sUSDesUSDeLogo of Aave V3Aave V3
Logo of Mantle
$85.08m+$10.37m0.00%Stable 100
6DOLA-sUSDeDOLA/sUSDeDOLA-sUSDeLogo of Curve DEXCurve DEX
Logo of Ethereum
$61.12m4.17%1.27%+2.90%Stable 9536
7DOLA-sUSDeDOLA/sUSDeDOLA-sUSDeLogo of Convex FinanceConvex Finance
Logo of Ethereum
$47.49m6.33%1.27%+5.06%Stable 9436
8reUSDeRe Protocol reUSDereUSDeLogo of ReRe
Logo of Ethereum
$30.09m+$113,72311.81%Stable 100549
9PT-sUSDE-28JAN2027PT Ethena sUSDE 28JAN2027sUSDeLogo of Pendle V2Pendle V2
Logo of Monad
$18m4.47%Stable 956
10PLP-sUSDE-28JAN2027PLP Ethena sUSDE 28JAN2027sUSDeLogo of Pendle V2Pendle V2
Logo of Monad
$18m14.68%13.75%+0.93%Stable 8585
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Chains