sUSDe

8/20/2025 - Fluid Dex USD Market Making has a 30d APY of 0.55%, a TVL of 24,323,261, and an Exponential Risk Rating of C. This pool facilitates trades between two USD stablecoins: GHO - sUSDe.

Fluid Dex USD Market Making on Ethereum (GHO, sUSDe)

This pool facilitates trades between two USD stablecoins: GHO - sUSDe. Your yield is generated from swap fees paid by traders when an exchange happens.

GHO is a decentralized, overcollateralized stablecoin that is fully backed by collateral assets on Aave V3.

sUSDe is the staked version of USDe that accrues yield from Ethena’s revenue streams, including funding rate spreads, staking rewards, and stablecoin interest, with rewards distributed directly in USDe.

Your yield consists of trading fees from the buying and selling of GHO - sUSDe stablecoins on the Ethereum blockchain

Investment Strategy

Fundamentals

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how much principal is at risk due to the nature of the pool's economic design

Fluid Dex USD Market Making

Pool Design

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Risk Compounding

Asset Strength

Reflects the economic design of the asset and convex relationships

Asset Tokenomics

Code quality of the underlying smart contracts

Fluid Dex

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects how long the blockchain has been running and the total value of assets on the network

Ethereum

Chain Maturity

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization