USDe
USDe
USDe is a synthetic dollar built on Ethereum
Risk Rating
Average
Summary
Information
Blockchain
- Ethereum
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Average
Asset Strength
USDe is a mid-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Ethena, a protocol rated as Watch out.
USDe is a stablecoin that trades within 50bps of its peg to USD, which makes it a less volatile store of value.
Asset Tokenomics
USDe does not have a supply schedule. USDe is exposed to death spiral risk as its price depends on another asset, thus creating negative feedback loops. USDe on Ethereum is collateralized with stETH deposits held with custodians.
Dependencies
Ethena
Things to know about USDe
USDe Pools
