Ethena Staked USDe
Peers · Yield Stablecoins
AVG 5.60% · BENCH 2.00%| TICKER | ISSUER | YIELD | vs SAV | RISK | MIN |
|---|---|---|---|---|---|
| sUSDf | Falcon Finance | Variable (~6-9%) | +700bp | MEDIUM-HIGH | None |
| USR | Resolv Labs | ~7-9% | +700bp | MEDIUM-HIGH | None |
| lvlUSD | Level (Peregrine) | ~5-8% | +600bp | MEDIUM-HIGH | None |
| sUSDai | usd.ai | ~7.7% | +570bp | HIGH | None |
| USDM | Mountain Protocol | ~5% | +300bp | LOW | None |
| USDL | Paxos International | ~5% | +300bp | LOW | None |
| sUSDe ◂ | Ethena Labs | ~4.6% | +260bp | MEDIUM-HIGH | None |
| sfrxUSD | Frax Finance | ~4.1% | +210bp | LOW-MEDIUM | None |
| YLDS | Figure Markets | ~4% | +200bp | LOW-MEDIUM | None |
| USDN | Noble | ~4% | +200bp | LOW-MEDIUM | None |
| sUSDS | Sky (MakerDAO) | ~3.52% | +152bp | LOW | None |
| USD0++ | Usual | ~3.31% | +131bp | MEDIUM | None |
Description
ISSUER DOCSStaked synthetic dollar (USDe). Yield comes from a delta-neutral basis trade — NOT treasury-backed, and highly variable.
Buying · Q&A
3 QUESTIONSHow do I buy sUSDe?+
Stake USDe at app.ethena.fi or buy sUSDe on a DEX/CEX. The token runs on Ethereum (+L2). Minimum: None.
Where can I buy sUSDe?+
sUSDe trades on 24 exchanges and DEXs. By 24-hour volume the largest are Uniswap V4 (Ethereum) (SUSDE/USDT), Curve (Ethereum) (sUSDe/SUSDE), Curve (Plasma) (SUSDE/USDT0), Curve (Ethereum) (REUSD/SUSDE), Uniswap V4 (Ethereum) (SUSDE/USDT) (CoinGecko, 2026-10-13). Check that the venue serves your country before you sign up.
Do I need KYC to buy sUSDe?+
Not on the secondary market: sUSDe can be bought on a DEX without identity verification.
Where to trade
24 VENUES · 24H VOL| VENUE | PAIR | VOL | SPRD |
|---|---|---|---|
| DEXUniswap V4 (Ethereum) ↗ | SUSDE/USDT | $3.1M | 0.60% |
| DEXCurve (Ethereum) ↗ | sUSDe/SUSDE | $608K | 0.60% |
| DEXCurve (Plasma) | SUSDE/USDT0 | $134K | 0.60% |
| DEXCurve (Ethereum) ↗ | REUSD/SUSDE | $109K | 0.60% |
| DEXUniswap V4 (Ethereum) ↗ | SUSDE/USDT | $92K | 0.60% |
| DEXCurve (Ethereum) ↗ | FRXUSD/SUSDE | $78K | 0.60% |
| DEXFluid (Ethereum) | GHO/SUSDE | $39K | 0.60% |
| DEXCurve (Ethereum) ↗ | SCRVUSD/SUSDE | $38K | 0.60% |
| DEXCurve (Ethereum) ↗ | CRVUSD/SUSDE | $38K | 0.60% |
| DEXUniswap V4 (Ethereum) ↗ | OUSD/SUSDE | $10K | 0.62% |
| DEXCurve (Ethereum) ↗ | SDAI/SUSDE | $10K | 0.60% |
| DEXFluid (Ethereum) | SUSDE/USDT | $6K | 0.60% |
CoinGecko tickers · 2026-10-13 · not a recommendation of any venue — check access, fees and whether the venue serves your country.
Issuer · primary market
SUBSCRIBE / REDEEMStake USDe at app.ethena.fi or buy sUSDe on a DEX/CEX
Who may buy is set by the issuer — check their terms. Not investment advice.
Key facts
VERIFIED 2026-08-25- Yield / return
- ~4.6% (variable)
- Risk
- Medium-High
- Minimum
- None
- Liquidity
- 7-day cooldown to unstake; sell instantly on a DEX
- Custody
- Self-custody (collateral held by centralized custodians)
- KYC
- None (on-chain)
- Verified
- 2026-08-25
Details
- Issuer
- Ethena Labs
- Type
- Yield Stablecoins
- Category
- Yield Stablecoins
- Yield source
- Delta-neutral futures basis trade + staking
- Network
- Ethereum (+L2)
- Jurisdiction
- —
- AUM
- —