Ethena USDe protocol
Overview
Ethena USDe operates as a synthetic dollar protocol built on the Ethereum blockchain. It issues a stablecoin, USDe, which is collateralised by staked ether and hedged through short ether perpetual futures positions to achieve delta neutrality. The asset serves both as a stable medium of exchange in decentralised finance and as a tool for basis trading.
Within The Counterparty graph, Ethena USDe connects to 6 tracked entities, most strongly to Ethereum, ENA, Spearbit.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
supports_token | ENA | 95% |
audited_by | Spearbit | 90% |
audited_by | Zellic | 85% |
audited_by | Pashov Audit Group | 85% |
audited_by | Cantina | 80% |
Frequently asked questions
What is Ethena USDe?
Ethena USDe is a basis trading tracked in The Counterparty knowledge graph. It is connected to 6 other tracked entities, most strongly to Ethereum, ENA, Spearbit.
What type of entity is Ethena USDe?
Ethena USDe is classified as a basis trading (protocol) in The Counterparty knowledge graph.
What is Ethena USDe connected to?
In The Counterparty knowledge graph, Ethena USDe is linked to 6 other tracked entities, most strongly to Ethereum, ENA, Spearbit.