sUSDe (Staked USDe) product
Overview
sUSDe (Staked USDe) is a yield-bearing token issued by Ethena Labs, representing USDe that has been staked into the protocol. It accrues yield from the delta-neutral hedging strategy of the underlying USDe, which generates returns from futures funding rates and basis trades. sUSDe is used in DeFi as a savings vehicle or collateral.
Within the DeFi Intel graph, sUSDe (Staked USDe) connects to 6 tracked entities, most strongly to USDe (Ethena Synthetic Dollar), Ethena Labs, PT-sUSDe (Ethena).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
staked_as | USDe (Ethena Synthetic Dollar) | 95% |
issued | Ethena Labs | 90% |
underlies | PT-sUSDe (Ethena) | 90% |
collateral_on | Aave V3 | 85% |
used_for_points | Ethena Labs | 85% |
allocated_to_susde | MakerDAO | 85% |
Frequently asked questions
What is sUSDe (Staked USDe)?
sUSDe (Staked USDe) is a yield-bearing token issued by Ethena Labs, representing USDe that has been staked into the protocol. It accrues yield from the delta-neutral hedging strategy of the underlying USDe.
What is sUSDe used for in DeFi?
sUSDe is used in DeFi as a savings vehicle or collateral. It is used as collateral on Aave V3 and underlies PT-sUSDe (Ethena).
How does sUSDe generate yield?
sUSDe accrues yield from the delta-neutral hedging strategy of the underlying USDe, which generates returns from futures funding rates and basis trades.