Ethereum

Ethena USD Yield

This pool generates yield on staked USDe (sUSDe), which is backed by a diversified collateral mix that includes staked ETH, BTC, and yield-bearing stablecoins. Ethena maintains a delta-neutral position by pairing its crypto collateral with short positions on centralized exchanges (CEXs). Yield comes from a combination of native staking rewards, positive perp funding rates, and returns on stablecoin holdings.