Earn yield, maintain stability. Ethena’s USDe combines overcollateralized lending with protocol fees to deliver a safe, liquid stablecoin.
Ethena Finance is a decentralized protocol offering USDe – a fully collateralized stablecoin – and innovative yield mechanisms powered by on-chain credit.
Mint USDe by depositing ETH; 1:1 peg maintained via dynamic interest rates and collateral management.
Stake your USDe or ETH deposits to earn competitive APYs sourced from protocol fees and lending markets.
Max H. “USDe peg has been rock solid and yields are attractive.”
★★★★★
DeFiWizard “Innovative credit-backed stablecoin model.”
★★★★★
Jane D. “Using Ethena’s protocol has been seamless and profitable.”
★★★★★
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