Highest Rewards Rate
Since launch, Ethena has been able to deliver industry leading rates. Ethena has established a new benchmark for capital productivity across digital dollars.
Avg sUSDe APY
Total Rewards Distributed
Total Supply
Global instant access to a reward accruing asset.
sUSDe APY data is an average from January 1st 2024 to the present which is based upon weekly data reported by Ethena which assumes no net stake/unstake activity during reward vesting periods.
sUSDe
Fintech
Treasuries
Banks
Protocol Backing Ratio
Time below $0.997
24/7 Mint/Redeem Availability


An independent audit of Ethena’s operational security controls, with zero exceptions noted.

Independent verification of the allocation and value of backing assets held with custodians.