Top sUSDe vaults Beta
About Ethena Staked USDe
sUSDe is the yield-bearing staking token for Ethena's USDe synthetic dollar. Users stake USDe to receive sUSDe, which accrues yield from delta-neutral basis trading (short perpetual futures against spot collateral). sUSDe had a $3.6B+ market cap in 2026.
Current TVL and profit in sUSDe vaults
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Technical risk
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