Ethena USDe is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure. USDe is fully backed and transparent on-chain, achieving its stability through "delta-neutral" hedging of staked assets (such as ETH or BTC) against equivalent short positions. This mechanism allows it to function as a scalable and stable medium of exchange within the decentralized finance (DeFi) ecosystem.
Service Type: Digital Asset Brokerage
Learn more
Official Website: https://ethena.fi/
Whitepaper/Docs: https://docs.ethena.fi/
Block Explorer: https://etherscan.io/token/0x1aBaEA1f7C830bD89Acc67eC4af516284b1bC33c
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