Ethereal USDe

eUSDe

eUSDe is the trading collateral and settlement asset for Ethereal, a decentralized exchange on the Ethena Network. Backed by USDe, it enables high-speed, low-latency perp and spot trading while maintaining self-custody and onchain settlement integrity.

Risk Rating

Average

What is Ethereal USDe?

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Information

Blockchain

Ethereum

Info

Asset Type: ERC-20

Key Metrics

Risk Assessment

Average

Asset Strength

eUSDe is a mid-cap, fully collateralized asset. This asset depends on three centralized entities for custody services. This asset is exposed to the underlying risks of Ethena and Ethereal, which are protocols rated as Average and Watch out, respectively.

Dependencies

Ethena

Asset Tokenomics

eUSDe does not have a supply schedule. eUSDe is potentially exposed to negative feedback loops; however, there are mechanisms in place to prevent reflexivity. eUSDe is the trading collateral and settlement asset for Ethereal, a decentralized exchange on the Ethena Network. Backed by USDe, it enables high-speed, low-latency perp and spot trading while maintaining self-custody and onchain settlement integrity.

Things to know about eUSDe