Stablecoin information
Ethereum enabled crypto-native synthetic dollar which provides an embedded yield to users and achieves price stability through delta-neutral hedging across centralized and decentralized venues
Category:crypto-backed
Minting and Redemption
Ethena enables users to deposit either USD, Ethereum or liquid staking tokens as collateral to create USDe. Stability is ensured through delta-neutral hedging process across centralized and decentralized exchanges.
Audits:
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.56% | -0.50% | -12.28% | 2.468b | ||
| LayerZero | 100% | >-0.0001% | +6.47% | +18.44% | 608.22m | |
| LayerZero | 100% | <0.0001% | -1.62% | -3.14% | 380.2m | |
| LayerZero | 100% | +0.31% | +1.73% | +8.21% | 369.06m | |
| 100% | -0.17% | -18.52% | -32.03% | 317.9m | ||
| 100% | +0.43% | -16.92% | -23.21% | 141.38m | ||
| LayerZero | 100% | -0.26% | -3.89% | +130% | 116.98m | |
| LayerZero | 100% | <0.0001% | -0.01% | -0.01% | 78.38m | |
| LayerZero | 100% | <0.0001% | +4.12% | +10.45% | 78.3m | |
| 100% | +8.85% | +21.70% | +128% | 14.91m | ||
| LayerZero | 100% | -0.74% | -5.25% | -7.15% | 11.9m | |
| LayerZero | 100% | -2.86% | -2.48% | -7.68% | 7.2m | |
| LayerZero | 100% | +20.60% | +12.54% | +8,932,101% | 5.63m | |
| LayerZero | 100% | >-0.0001% | -1.30% | -12.11% | 1.9m | |
| LayerZero | 100% | -0.00% | -0.00% | -0.01% | 78,421.58 | |
| LayerZero | 100% | +0.00% | +0.00% | +0.00% | 66,721.33 | |
| LayerZero | 100% | -0.00% | -13.17% | -82.51% | 61,859.79 | |
| LayerZero | 100% | -0.00% | -1.02% | -38.43% | 26,895.74 | |
| LayerZero | 100% | +0.00% | -0.01% | -0.94% | 24,915.22 | |
| LayerZero | 100% | -0.00% | -97.58% | -98.15% | 17,154.5 | |
| LayerZero | 100% | -0.01% | -9.35% | -89.02% | 7,151.59 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.02% | 6,486.86 | |
| LayerZero | 100% | -0.00% | -0.00% | -0.00% | 2,568.99 |