USDe (Ethena Synthetic Dollar) product
Overview
Ethena Labs issues USDe, a synthetic dollar that aims to hold its peg via a delta-neutral approach: the protocol holds spot crypto, including staked Ethereum, and offsets that exposure with short futures on centralised trading venues. Within decentralised finance, USDe serves as a stable-value asset and collateral.
Within The Counterparty graph, USDe (Ethena Synthetic Dollar) connects to 2 tracked entities, most strongly to Ethena Labs, sUSDe (Staked USDe).
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | Ethena Labs | 95% |
staked_as | sUSDe (Staked USDe) | 95% |
Frequently asked questions
What is USDe (Ethena Synthetic Dollar)?
USDe (Ethena Synthetic Dollar) is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Ethena Labs, sUSDe (Staked USDe).
What type of entity is USDe (Ethena Synthetic Dollar)?
USDe (Ethena Synthetic Dollar) is classified as a stablecoin (product) in The Counterparty knowledge graph.
What is USDe (Ethena Synthetic Dollar) connected to?
In The Counterparty knowledge graph, USDe (Ethena Synthetic Dollar) is linked to 2 other tracked entities, most strongly to Ethena Labs, sUSDe (Staked USDe).