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Ethena USDe

USDE

News
Tweets
Research
Pairs
Transaction
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Ethena USDeGoogle Search Trends
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Ethena USDeTwitter weekly trends
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May-10-May-4
May-3-Apr-27
Apr-26-Apr-20
Tweets
Total
3
1
2
Views
Total
Average
428.65K
142.88K
448.25K
448.25K
46.32K
23.16K
Like
Total
Average
2.71K
902
1.18K
1.18K
514
257
Comment
Total
Average
178
59
106
106
42
21
Shares
Total
Average
695
231
387
387
57
28

Ethena USDe Basic
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Ethena USDe Info

White paper
white paper
Website
ethena.fi
Contracts
Etherscan:0x4c...68b3
Solscan:DEkq...EonT
Explorers
etherscan.io
ethplorer.io
solscan.io
Community
Twitter
Discord
Telegram
Source code
github.com
Sector
StableCoin
First issue time
Nov 20, 2023
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Ethena USDe Team

Guy Young
Founder&CEO at Ethena Labs
Elliot Parker
Head of Product Management at Ethena Labs
Conor Ryder
Head of Research at Ethena Labs
Seraphim Czecker
Head of Growth at Ethena Labs
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Ethena USDe Intro

USDe, created by Ethena Labs, is a synthetic dollar that strives to address what's known as the "stablecoin trilemma"—balancing decentralization, capital efficiency/scalability, and stability. Unlike traditional stablecoins, USDe utilizes a delta-neutral strategy to maintain its value close to one US dollar. This strategy involves hedging with derivatives to counteract fluctuations in the underlying collateral's value, primarily Ethereum in this case.

The synthetic dollar's stability is achieved by offsetting any changes in the price of Ethereum (the underlying collateral) with equivalent changes in the value of derivative positions. This is done without rehypothecating, lending out, or using deposited USDe for other purposes, ensuring the stablecoin maintains a stable value even amidst market volatility.

The high yield offered by USDe originates from the combined returns of staking Ethereum and profits derived from these delta hedging activities. However, it's crucial to understand that, like all crypto assets, USDe carries its set of risks, particularly from its underlying exposure to Ethereum's price movements and the intricacies of delta hedging mechanisms.

Ethena USDe Unlock & Allocation
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Q&A about Ethena USDe Tokenomics

Explore the tokenomics of  Ethena USDe(USDe) and review the project details below.


What is the allocation for  Ethena USDe(USDe)?

USDe does not have an initial allocation.


What is the supply schedule for Ethena USDe(USDe)?

The supply of USDe is elastic and can increase or decrease depending on the demand for USDe. When users deposit ETH into the Ethena protocol, they can choose to mint new USDe. When users redeem USDe for ETH, the USDe is burned.

Now the Circulating Supply of USDe means the difference between USDe mint and burn, you can find the latest amount on

https://etherscan.io/token/0x4c9edd5852cd905f086c759e8383e09bff1e68b3

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Ethena USDe Price Live Data
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The live Ethena USDe price today is $1.0005 USD with a 24-hour trading volume of 134,186,009 USD. We update our Ethena USDe to USD price in real-time. Ethena USDe is -0.03% in the last 24 hours. The current SoSoValue marketcap ranking is # 30, with a live market cap of $ 4,747,907,256 USD. It has a circulating supply of 4,745,534,489 USDE coins and a max supply of ∞ USDE coins.
Ethena USDe
USDE
#30
$0
-0.03%
Total dollar volume24H
$134,186,009
High24H
1.0009 USDT
Low24H
1.0002 USDT
Market Cap
#30$4,747,907,256
FDV
$4,747,907,256
Market Cap / FDV Ratio
1.00
Turnover rate
2.83%
Circulating supply
4,745,534,489
Total supply
4,745,534,489
Max supply
∞
All time high
1.008 USDT
All time high date
Apr 02, 2024
Down from All time high
-0.74%
Cycle low
0.95 USDT
Cycle low date
Dec 20, 2024
Up from cycle low
5.32%
Contracts
Etherscan:0x4c...68b3
Official links
Website
White paper
Socials
Twitter
Discord
Telegram
Introduction

USDe, created by Ethena Labs, is a synthetic dollar that strives to address what's known as the "stablecoin trilemma"—balancing decentralization, capital efficiency/scalability, and stability. Unlike traditional stablecoins, USDe utilizes a delta-neutral strategy to maintain its value close to one US dollar. This strategy involves hedging with derivatives to counteract fluctuations in the underlying collateral's value, primarily Ethereum in this case.

The synthetic dollar's stability is achieved by offsetting any changes in the price of Ethereum (the underlying collateral) with equivalent changes in the value of derivative positions. This is done without rehypothecating, lending out, or using deposited USDe for other purposes, ensuring the stablecoin maintains a stable value even amidst market volatility.

The high yield offered by USDe originates from the combined returns of staking Ethereum and profits derived from these delta hedging activities. However, it's crucial to understand that, like all crypto assets, USDe carries its set of risks, particularly from its underlying exposure to Ethereum's price movements and the intricacies of delta hedging mechanisms.

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