Ethena is a protocol that issues USDe, a synthetic dollar backed by delta-neutral holdings in Bitcoin, Ethereum, and other crypto assets.
How does staking work?
When you stake USDe, you receive sUSDe, which automatically compounds your staking rewards. You can unstake anytime, subject to a 7 day cooldown period.
How is revenue generated?
Ethena generates revenue through funding rates from perpetual futures positions as well as from reward payments on stablecoin holdings.
This website is not meant to constitute an offer for the acquisition of sUSDe directed at persons with their habitual residence or registered office in the European Union or the European Economic Area.