Ethena USDe stablecoin vaults
About USDE vaults
Ethena USDe is used in 31 stablecoin vaults with $1.7B TVL across 11 protocols. The largest vaults are Staked USDe, Strata Senior USDe, Concrete USDe MultiSig Strategy and the most popular vault protocols are Ethena, Liquid Royalty and IPOR Fusion. The last 30 days' average yield is 3.9%.
14 vaults are excluded from this ranking due to minimum TVL requirements or risk issues.
About Ethena USDe
USDe is a synthetic dollar protocol by Ethena Labs that uses delta-hedging staked ETH positions. It generates yield through staking rewards and futures funding rates. USDe is one of the fastest-growing stablecoins by market capitalisation.
Stablecoin price 1 USDE = $1.00
31 vaults TVL $2B Avg. return 3.78% Stablecoin-only Updated
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| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TESS USDe sUSDe Loop Vault IPOR Fusion | 9.3% | 9.3% | 0.3% | 17.5 | 0.5% | 0.0% | USDe | $1.82M $1.82M | 0.04 | 0.0%/ 0.0% | Private | Minimal |  | ||
Strata Junior USDe Unknown vault protocol | 8.6%* | 7.6%* | 6.7%* | 55.4 | 0.1% | -0.4% | USDe | $6.70M $54.15M | 0.8 | --- | Unknown | Unknown |  | ||
Felix USDe Morpho | 7.9% | 6.8% | 9.0% | 12.0 | 1.2% | -0.1% | USDe | $508.97K $25.55M | 1.2 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Fluid USDe Fluid | 5.5% | 3.5% | 1.4% | 21.7 | 1.5% | 0.0% | USDe | $87.99K $42.89M | 0.8 | 0.0%/ --- | Instant | Low |  | ||
AavEthena Loop Mainnet IPOR Fusion | 4.7% | 9.1% | 2.0% | 6.4 | 1.7% | -1.5% | USDe | $65.80K $2.93M | 0.4 | 0.6%/ 10.0% | Instant | Minimal |  | ||
Staked USDe Ethena | 3.9% | 3.9% | 24.2% | 78.7 | 0.0% | 0.0% | USDe | $1.57B $6.15B | 2.7 | 0.0%/ 0.0% | 7d | Negligible |  | ||
Strata Senior USDe Unknown vault protocol | 3.2%* | 3.2%* | 2.8%* | 50.3 | 0.1% | 0.0% | USDe | $59.06M $225.97M | 0.8 | --- | Unknown | Unknown |  | ||
Dolomite: USDe Unknown vault protocol | 2.0%* | 3.2%* | 5.6%* | 21.3 | 1.7% | 0.0% | USDe | $26.84K $30.67M | 1.4 | --- | Unknown | Unknown |  | ||
Hyperdrive Primary USDe Market Unknown | 1.5%* | 3.4%* | 6.3%* | 21.7 | 0.2% | -0.1% | USDe | $56.25K $2.51M | 1.2 | --- | Unknown | Unknown |  | ||
Wrapped Aave Ethereum USDe Unknown vault protocol | 1.4%* | 1.6%* | 3.9%* | 18.3 | 0.1% | 0.0% | USDe | $50.68K $115.78K | 1.5 | --- | Unknown | Unknown |  | ||
K3 Capital Yield Market Euler | 0.9% | 1.4% | 7.9% | 14.9 | 0.1% | 0.0% | USDe | $331.27K $9.62M | 1.6 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Apostro Ethena USDe Morpho | 0.1% | 0.4% | 8.2% | 9.4 | 0.5% | 0.0% | USDe | $84.35K $4.70M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Junior Tranche Liquid Royalty | 0.0% | 0.0% | 5.0% | 2.1 | 0.0% | -2.3% | USDe | $2.10M $2.14M | 0.7 | --- | 7d | Severe |  | ||
Hyperdrive USDe Liquidator Hyperdrive | 0.0%* | 0.7%* | 8.4%* | 3.0 | 0.3% | -0.0% | USDe | $11.41K $100.05K | 1.2 | --- | Unknown | Dangerous |  | ||
Alar Unknown vault protocol | 0.0%* | 0.0%* | 0.0%* | 0.0 | 0.0% | 0.0% | USDe | $850.85K $850.86K | 0.6 | --- | Unknown | Unknown |  | ||
Concrete-BeraUSDe-Vault Unknown vault protocol | 0.0%* | 0.0%* | 1.4%* | 0.0 | 0.0% | -1.7% | USDe | $782.14K $6.37M | 1.3 | --- | Unknown | Unknown |  | ||
USDeVault Unknown vault protocol | 0.0%* | 0.0%* | 0.0%* | 0.0 | 0.0% | 0.0% | USDe | $7.86M $56.11M | 0.8 | --- | Unknown | Unknown |  | ||
Concrete USDe MultiSig Strategy Unknown vault protocol | 0.0%* | 0.0%* | 0.0%* | 0.0 | 0.0% | 0.0% | USDe | $13.43M $71.90M | 1.3 | --- | Unknown | Unknown |  | ||
Concrete USDe MultiSig Strategy Unknown vault protocol | 0.0%* | 0.0%* | 2.3%* | 0.0 | 0.0% | -1.6% | USDe | $782.14K $6.37M | 1.3 | --- | Unknown | Unknown |  | ||
yPT-USDe (auto-rolling Pendle PT) Yearn | 0.0% | 0.0% | 1.7% | 0.0 | 0.0% | 0.0% | USDe | $64.38K $2.36M | 2.1 | 0.0%/ 0.0% | Instant | Minimal |  | ||
Karak - USDe Unknown vault protocol | 0.0%* | 0.0%* | 0.0%* | 0.0 | 0.0% | 0.0% | USDe | $155.22K $81.33M | 2.3 | --- | Unknown | Unknown |  | ||
Strata Pre-deposit Receipt Token Unknown vault protocol | 0.0%* | 0.0%* | 0.0%* | 0.0 | 0.0% | 0.0% | USDe | $194.39K $326.19M | 1.0 | --- | Unknown | Unknown |  | ||
Terminal USDe Midas | 0.0% | 0.0% | 0.0% | 0.0 | 0.0% | 0.0% | USDe | $446.06K $249.88M | 1.1 | --- | Unknown | Low |  | ||
Ethereal Pre-deposit Vault Unknown vault protocol | 0.0%* | 0.0%* | 0.0%* | 0.0 | 0.0% | 0.0% | USDe | $2.11M $1.31B | 1.4 | --- | Unknown | Unknown |  | ||
Senior Vault Master Liquid Royalty | -0.0% | 0.0% | 0.0% | 2.1 | 0.0% | -0.0% | USDe | $167.89K $400.07K | 0.5 | --- | 7d | Severe |  | ||
HLPe Upshift | -0.0% | 0.2% | 0.0% | 2.6 | 0.1% | -0.9% | USDe | $1.46M $40.00M | 0.8 | 0.0%/ 20.0% | 1d | Severe |  | ||
Meridian Liquidity Provider Unknown | -0.4%* | -0.4%* | -0.0%* | -15.5 | 0.0% | -0.0% | USDe | $499.73K $999.58K | 0.01 | --- | Unknown | Unknown |  | ||
Strata-Money PTs looping Ethereum IPOR Fusion | -0.5% | -0.4% | 4.1% | -15.3 | 0.2% | -2.8% | USDe | $14.54K $6.44M | 0.9 | 0.5%/ 10.0% | Instant | Minimal |  | ||
Junior Vault Master Unknown | -1.7%* | -1.9%* | 1.2%* | -0.6 | 3.4% | -6.5% | USDe | $197.49K $246.14K | 0.4 | --- | Unknown | Unknown |  | ||
Junior Vault Unknown vault protocol | -17.7%* | -7.2%* | -0.2%* | -2.9 | 2.7% | -6.0% | USDe | $2.69M $2.83M | 0.4 | --- | Unknown | Unknown |  | ||
ALAR SailOut Royalty Liquid Royalty | -30.0% | -7.7% | 23.4% | -1.4 | 6.0% | -12.8% | USDe | $1.61M $1.88M | 0.5 | --- | 7d | Severe |  |
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