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Ethena Staked USDe
$1.1682
0.04%
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Ethena Staked USDe Price Converter
Ethena Staked USDe Information
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| sUSDe | ERC20 | ETH | 0x9d39a5de30e57443bff2a8307a4256c8797a3497 | 2023-11-14 |
About Ethena Staked USDe
Ethena Staked USDe (sUSDe) is a reward-bearing token from Ethena Labs. Users obtain sUSDe by staking USDe, allowing them to passively earn rewards generated by the Ethena protocol. The value of sUSDe appreciates over time, and users can unstake at any time to receive their initial USDe plus accrued rewards.
Ethena Staked USDe (sUSDe) is a reward-bearing token issued by the Ethena protocol. Users receive sUSDe by staking USDe, Ethena's synthetic dollar. The value of sUSDe appreciates over time as it accrues rewards generated by the protocol.
sUSDe allows holders to earn yields derived from the Ethena protocol's activities, including funding rate arbitrage and staking rewards. By holding sUSDe, users passively accumulate these rewards without additional actions. The value of sUSDe increases as rewards are added to the staking contract, and users can unstake their sUSDe at any time to receive USDe equivalent to the initial staked amount plus accrued rewards.
Ethena Staked USDe (sUSDe) was developed by Ethena Labs as part of their synthetic dollar protocol on the Ethereum blockchain. Ethena Labs aims to provide crypto-native financial solutions, including USDe and its staked counterpart, sUSDe.