Ethena USDe (USDe)
Ethena 是一個基於以太坊的合成美元協議，提供一種原生加密貨幣、抗審查的穩定幣，以及一種以美元計價的儲蓄工具。
使用者1k-10k
推出2022年
鏈條
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開始建構Ethena 是一個基於以太坊的合成美元協議，提供一種原生加密貨幣、抗審查的穩定幣，以及一種以美元計價的儲蓄工具。
通過 SOC 2 Type II 認證 · ISO 27001
Ethena is a synthetic dollar protocol built on Ethereum that offers a crypto-native alternative to traditional fiat stablecoins. Its core product, USDe, is a synthetic dollar designed to maintain a stable value through delta-hedging strategies involving staked Ethereum collateral and derivatives such as perpetual and futures contracts. Unlike fiat-backed stablecoins, USDe is fully backed on-chain by a combination of crypto assets and short futures positions, enabling censorship resistance and composability across decentralized and centralized finance (DeFi and CeFi) ecosystems.
Ethena also introduces the 'Internet Bond'—a dollar-denominated savings instrument called sUSDe that combines yield from staked Ethereum with returns derived from derivatives markets. This bond aims to provide a scalable, globally accessible savings vehicle that operates independently of traditional banking infrastructure. The protocol’s peg stability is maintained through dynamic delta hedging and the inclusion of liquid stablecoins like USDC and USDT, which enhance hedging efficiency and provide downside protection during adverse market conditions.
Users can acquire USDe permissionlessly via external automated market maker (AMM) pools or mint and redeem USDe directly by transferring reserve assets, subject to KYC/KYB checks for approved market makers. Staking USDe to earn protocol revenue rewards is available in permitted jurisdictions. Ethena’s architecture emphasizes transparency with on-chain backing and real-time dashboards, and it supports composability throughout DeFi. Developers and financial institutions interested in integrating a crypto-native stable dollar or a novel savings instrument can leverage Ethena’s open protocol and extensive documentation to get started.
Traditional fiat stablecoins rely on centralized banking infrastructure and custodians, which introduces censorship risks and limits composability in decentralized finance. Existing stablecoins also face challenges maintaining peg stability during volatile market conditions without transparent on-chain backing.
Users can acquire USDe via external AMM pools without intermediaries.
Approved market makers can mint and redeem USDe by transferring reserve assets, subject to KYC/KYB.
USDe holders in permitted jurisdictions can stake tokens to earn rewards from protocol revenue.
Developers integrate USDe as a censorship-resistant stablecoin in DeFi protocols to enable stable value transfers and lending.
Users in permitted jurisdictions stake sUSDe to earn yield combining Ethereum staking rewards and derivatives market returns.
Approved market makers mint and redeem USDe directly to provide liquidity and arbitrage opportunities in crypto markets.
橫跨 80 多條區塊鏈的免費 RPC 服務。30 秒內即可建立端點。
探索 Web3 領域的競爭對手及類似 Ethena USDe (USDe) 的應用程式。
標準 | |
|---|---|
| 價格（每月） | 免費 |
| 價格（年度） | 免費 |
| 訊息傳遞 | 不適用 |
| 支援 | 透過 Discord 和 Telegram 獲得社群支援 |
| 分析 |
可靠的 RPC、強大的 API，且完全無需費心。
Ethena provides comprehensive documentation covering protocol design, risk disclosures, governance, and user guides for minting, staking, and redeeming USDe and sUSDe.
