Staked USDe token
Overview
sUSDe is the staked form of Ethena's USDe synthetic dollar. Users transfer USDe into the staking contract and receive sUSDe, an ERC-20 token that represents their share of the staking pool and accrues rewards over time; unstaking burns sUSDe and returns the proportionate USDe plus accumulated rewards. Rewards come from Ethena's protocol revenue, principally staked Ethereum yield plus funding and basis spread earned on the delta-hedging derivatives positions that back USDe, and this income is variable and can fall to zero in unfavourable markets. Unstaking is subject to a cooldown during which the sUSDe sits in the USDeSilo contract, though sUSDe can still be sold on secondary markets in the meantime.
Within the DeFi Intel graph, Staked USDe connects to 18 tracked entities, most strongly to Aave, Aave, Pendle.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 18 total).
| Relation | Connected entity | Confidence |
|---|---|---|
accepts_collateral | Aave | 95% |
holds | Aave | 95% |
lists_market_for | Pendle | 95% |
backed_by | Ethena USDe | 95% |
issued_by | Ethena | 95% |
issues | Ethena | 95% |
deployed_on | Ethereum | 95% |
issued_by | Ethena Labs | 95% |
issued_by | Ethena Labs | 95% |
derives_from | Pendle PT-sUSDe markets | 95% |
Frequently asked questions
What is Staked USDe?
Staked USDe is a stablecoin tracked in the DeFi Intel knowledge graph. It is connected to 18 other tracked entities, most strongly to Aave, Aave, Pendle.
What type of entity is Staked USDe?
Staked USDe is classified as a stablecoin (token) in the DeFi Intel knowledge graph.
What is Staked USDe connected to?
In the DeFi Intel knowledge graph, Staked USDe is linked to 18 other tracked entities, most strongly to Aave, Aave, Pendle.
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