⌘KTry LlamaAI

Ethena Staked USDe(sUSDe)

Onchain AUM$1.594b

Onchain AUM by chain

Ethereum$1.218b

Plasma$244.31m

Mantle$92.56m

Monad$22.24m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$918,291

Hyperliquid L1$409,761

Fraxtal$286,749

Avalanche$42,213

Blast$4,480

ZKsync Era$764

Scroll$648

Linea$559

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Key Metrics

Active AUM$1.594b

Ethereum$1.218b

Plasma$244.31m

Mantle$92.56m

Monad$22.24m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$918,291

Hyperliquid L1$409,761

Fraxtal$286,749

Avalanche$42,213

Blast$4,480

ZKsync Era$764

Scroll$648

Linea$559

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.345b

Aave V3$422.72m

Plasma$200.32m

Ethereum$133.05m

Mantle$89.31m

Avalanche$28,805

Monad$7,118

ZKsync Era$130

LayerZero V2$376.87m

Ethereum$376.87m

Re$214.3m

Ethereum$209.98m

Base$4.31m

Arbitrum$6,381

Morpho Blue$115.58m

Ethereum$115.44m

Arbitrum$138,361

Hyperliquid L1$577

Monad$16

Pendle V2$96.4m

Plasma$42.62m

Ethereum$31.62m

Monad$22.17m

Olympus DAO (Treasury)$28.76m

Ethereum$28.76m

Curve DEX$23.09m

Ethereum$22.73m

Plasma$356,235

Fraxtal$3,240

Hyperliquid L1$242

Mantle Treasury (Treasury)$20.4m

Ethereum$17.18m

Mantle$3.22m

Inverse Finance FiRM$18.35m

Ethereum$18.35m

Curve LlamaLend$7.46m

Ethereum$7.46m

Derive V3 Options$5.69m

Ethereum$5.69m

Aave V4$5.05m

Ethereum$5.05m

Contango V2$1.77m

Ethereum$1.77m

Venus Core Pool$1.75m

BSC$1.75m

Ethereum$161

Merit Circle (Treasury)$1.5m

Ethereum$1.5m

Fluid Lending$1.29m

Ethereum$882,510

Arbitrum$407,732

Plasma$851

Base$20

Lista Lending$851,767

BSC$851,767

Euler V2$829,410

Ethereum$826,692

BSC$2,683

Plasma$23

Avalanche$12

Terminal Finance Pre-Deposits$472,202

Ethereum$472,202

Parallel Protocol V3$447,905

Hyperliquid L1$344,566

Ethereum$103,339

Derive (Treasury)$430,256

Ethereum$430,256

Symbiotic$334,024

Ethereum$334,024

Fraxlend$147,332

Ethereum$147,332

Yearn (Treasury)$111,898

Ethereum$111,898

dTRINITY dLEND$98,423

Fraxtal$97,662

Ethereum$761

Uniswap V4$91,972

Ethereum$76,316

BSC$13,280

Base$1,562

Monad$522

OP Mainnet$168

Avalanche$62

Arbitrum$31

Blast$31

Latch$76,930

Ethereum$76,930

InfinityPools$47,669

Base$47,669

MUX Perps$31,009

Arbitrum$31,009

Reserve Protocol$25,640

Ethereum$25,640

Fuel Bridge$17,740

Ethereum$17,740

Kamino Lend$15,808

Solana$15,808

Alto$12,443

Ethereum$12,443

Ekubo$9,440

Ethereum$9,440

UwU Lend$8,581

Ethereum$8,581

Kodiak V3$6,932

Berachain$6,932

Phoenix Protocol$6,471

Ethereum$6,471

DYAD$5,475

Ethereum$5,475

Beraborrow$5,127

Berachain$5,127

Folks Finance xChain$3,679

Avalanche$3,679

Balancer V2$2,449

Fraxtal$2,164

Ethereum$285

zkLink Nova$2,319

Ethereum$2,319

Orca DEX$1,540

Solana$1,540

Balancer V3$1,441

Plasma$1,016

Ethereum$425

Blackwing$1,327

Ethereum$1,327

Hyperdrive$1,253

Ethereum$1,253

HyperLend Pooled$1,176

Hyperliquid L1$1,176

Uniswap V3$919

Ethereum$919

Supernova CL$752

Ethereum$752

Rumpel Labs$725

Ethereum$725

Lucidly Finance$632

Ethereum$632

Cork V1$627

Ethereum$627

Manifest Trade$428

Solana$428

PancakeSwap AMM V3$388

Base$388

Odyssey Finance$367

Ethereum$354

Plasma$13

Hybra V4$346

Hyperliquid L1$346

Shezmu$331

Ethereum$331

Hypertrade V3$324

Hyperliquid L1$324

Thruster V3$272

Blast$272

Balancer CoW AMM$259

Base$259

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$222

Avalanche$222

INIT Capital$216

Blast$216

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

Ajna V2$113

Ethereum$113

Anvil$110

Ethereum$110

Blackhole CLMM$107

Avalanche$107

HawkFi$74

Solana$74

Velodrome V3$72

Fraxtal$72

HypurrFi Pooled$67

Hyperliquid L1$67

PancakeSwap Infinity$65

BSC$65

Fraxtal$63

Ethereum$63

Merchant Moe Liquidity Book$44

Mantle$44

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Meteora DAMM V1$16

Solana$16

Meteora vaults$16

Solana$16

Lendle Pooled Markets$14

Mantle$14

Ambient$14

Scroll$14

Lithos$12

Plasma$12

sUSDe Price$1.25

Chains24

Ethena Staked USDe(sUSDe)

Onchain AUM$1.594b

Onchain AUM by chain

Ethereum$1.218b

Plasma$244.31m

Mantle$92.56m

Monad$22.24m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$918,291

Hyperliquid L1$409,761

Fraxtal$286,749

Avalanche$42,213

Blast$4,480

ZKsync Era$764

Scroll$648

Linea$559

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

Market dataNet FlowsFlow vs price

Key Metrics

Active AUM$1.594b

Ethereum$1.218b

Plasma$244.31m

Mantle$92.56m

Monad$22.24m

Solana$6.05m

Base$4.43m

BSC$2.63m

Arbitrum$2.11m

Berachain$918,291

Hyperliquid L1$409,761

Fraxtal$286,749

Avalanche$42,213

Blast$4,480

ZKsync Era$764

Scroll$648

Linea$559

Mode$516

OP Mainnet$427

Manta$44

Metis$21

Morph$11

Zircuit$2

Kava$1

X Layer$0

DeFi Active TVL$1.345b

Aave V3$422.72m

Plasma$200.32m

Ethereum$133.05m

Mantle$89.31m

Avalanche$28,805

Monad$7,118

ZKsync Era$130

LayerZero V2$376.87m

Ethereum$376.87m

Re$214.3m

Ethereum$209.98m

Base$4.31m

Arbitrum$6,381

Morpho Blue$115.58m

Ethereum$115.44m

Arbitrum$138,361

Hyperliquid L1$577

Monad$16

Pendle V2$96.4m

Plasma$42.62m

Ethereum$31.62m

Monad$22.17m

Olympus DAO (Treasury)$28.76m

Ethereum$28.76m

Curve DEX$23.09m

Ethereum$22.73m

Plasma$356,235

Fraxtal$3,240

Hyperliquid L1$242

Mantle Treasury (Treasury)$20.4m

Ethereum$17.18m

Mantle$3.22m

Inverse Finance FiRM$18.35m

Ethereum$18.35m

Curve LlamaLend$7.46m

Ethereum$7.46m

Derive V3 Options$5.69m

Ethereum$5.69m

Aave V4$5.05m

Ethereum$5.05m

Contango V2$1.77m

Ethereum$1.77m

Venus Core Pool$1.75m

BSC$1.75m

Ethereum$161

Merit Circle (Treasury)$1.5m

Ethereum$1.5m

Fluid Lending$1.29m

Ethereum$882,510

Arbitrum$407,732

Plasma$851

Base$20

Lista Lending$851,767

BSC$851,767

Euler V2$829,410

Ethereum$826,692

BSC$2,683

Plasma$23

Avalanche$12

Terminal Finance Pre-Deposits$472,202

Ethereum$472,202

Parallel Protocol V3$447,905

Hyperliquid L1$344,566

Ethereum$103,339

Derive (Treasury)$430,256

Ethereum$430,256

Symbiotic$334,024

Ethereum$334,024

Fraxlend$147,332

Ethereum$147,332

Yearn (Treasury)$111,898

Ethereum$111,898

dTRINITY dLEND$98,423

Fraxtal$97,662

Ethereum$761

Uniswap V4$91,972

Ethereum$76,316

BSC$13,280

Base$1,562

Monad$522

OP Mainnet$168

Avalanche$62

Arbitrum$31

Blast$31

Latch$76,930

Ethereum$76,930

InfinityPools$47,669

Base$47,669

MUX Perps$31,009

Arbitrum$31,009

Reserve Protocol$25,640

Ethereum$25,640

Fuel Bridge$17,740

Ethereum$17,740

Kamino Lend$15,808

Solana$15,808

Alto$12,443

Ethereum$12,443

Ekubo$9,440

Ethereum$9,440

UwU Lend$8,581

Ethereum$8,581

Kodiak V3$6,932

Berachain$6,932

Phoenix Protocol$6,471

Ethereum$6,471

DYAD$5,475

Ethereum$5,475

Beraborrow$5,127

Berachain$5,127

Folks Finance xChain$3,679

Avalanche$3,679

Balancer V2$2,449

Fraxtal$2,164

Ethereum$285

zkLink Nova$2,319

Ethereum$2,319

Orca DEX$1,540

Solana$1,540

Balancer V3$1,441

Plasma$1,016

Ethereum$425

Blackwing$1,327

Ethereum$1,327

Hyperdrive$1,253

Ethereum$1,253

HyperLend Pooled$1,176

Hyperliquid L1$1,176

Uniswap V3$919

Ethereum$919

Supernova CL$752

Ethereum$752

Rumpel Labs$725

Ethereum$725

Lucidly Finance$632

Ethereum$632

Cork V1$627

Ethereum$627

Manifest Trade$428

Solana$428

PancakeSwap AMM V3$388

Base$388

Odyssey Finance$367

Ethereum$354

Plasma$13

Hybra V4$346

Hyperliquid L1$346

Shezmu$331

Ethereum$331

Hypertrade V3$324

Hyperliquid L1$324

Thruster V3$272

Blast$272

Balancer CoW AMM$259

Base$259

Everything$248

Ethereum$248

AirPuff$241

Ethereum$241

Joe V2.2$222

Avalanche$222

INIT Capital$216

Blast$216

Base Bridge$188

Ethereum$188

Aave (Treasury)$184

Ethereum$184

Ajna V2$113

Ethereum$113

Anvil$110

Ethereum$110

Blackhole CLMM$107

Avalanche$107

HawkFi$74

Solana$74

Velodrome V3$72

Fraxtal$72

HypurrFi Pooled$67

Hyperliquid L1$67

PancakeSwap Infinity$65

BSC$65

Fraxtal$63

Ethereum$63

Merchant Moe Liquidity Book$44

Mantle$44

Enzyme Finance$33

Ethereum$33

BEX$33

Berachain$33

Fungify$32

Ethereum$32

Splice Finance$32

Mode$32

Omni Exchange V3$24

Base$24

HypurrFi Isolated$17

Hyperliquid L1$17

Meteora DAMM V1$16

Solana$16

Meteora vaults$16

Solana$16

Lendle Pooled Markets$14

Mantle$14

Ambient$14

Scroll$14

Lithos$12

Plasma$12

sUSDe Price$1.25

Chains24

Token Properties

CategoryRWA Wrappers

Asset ClassStable Yield Wrapper

TypeWrapper

RWA ClassificationProgrammable Finance

Access ModelPermissionless

Parent PlatformEthena

Classification

RedeemableIndicates whether the token can be redeemed for underlying assets

TransferableIndicates whether the token can be transferred freely between on chain addresses

Self CustodyIndicates whether the token can be held in a user controlled wallet

AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing

Asset Information

IssuerEthena Labs, S.A.

Registry InformationEthena Labs, S.A. is a Portuguese company limited by shares that develops the USDe protocol. The sUSDe staking contract is an ERC-4626 vault on Ethereum that holds USDe and accrues protocol rewards to stakers through the share price.

Sourcehttps://www.lei-lookup.com/record/894500K29XZNTAWSC539/

Website X/Twitter LinkedIn Docs GitHub Telegram

Notes

sUSDe is the staked form of Ethena USDe. Depositors stake USDe in an ERC-4626 vault on Ethereum and receive a non-rebasing share token whose redemption value rises as protocol rewards accrue, so the position grows through share price rather than through a rising balance. Unstaking passes through a cooldown enforced by the vault before USDe can be withdrawn. Ethena describes the reward stream as protocol revenue from funding and basis spread on delta-hedged crypto positions, from lending revenue, from real world asset yield, and from liquid stablecoin rewards, so only part of the return is real world asset income and the dominant driver in normal conditions is perpetual funding. The share of backing held in liquid stablecoins and tokenized short-duration government debt rises when funding rates fall below Treasury yields, which is the purpose of the USDtb allocation. Rewards are distributed at the discretion of the protocol and periods of negative revenue are absorbed by the reserve fund rather than passed to holders. The Ethereum contract is the canonical vault and the deployments on other chains are bridged representations that do not themselves hold USDe.

DeFi Yield Opportunities (57)

Pool	Reference	Protocol
1 sUSDeStaked USDe	USDe	Ethena USDe	$1.218b	4.84%	Stable 97	11,977
2 reUSDRe Protocol Deposit Token	reUSD	Re	$285.3m	7.01%	Stable 98	804
3 aPlasUSDeAave Plasma sUSDe	sUSDe	Aave V3	$200.36m	0.00%	Volatile 15
4 aEthsUSDeAave Ethereum sUSDe	sUSDe	Aave V3	$132.98m	0.00%	Volatile 15	611
5 aMansUSDeAave Mantle sUSDe	sUSDe	Aave V3	$89.33m	0.00%	Volatile 16
6 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Curve DEX	$65.75m	3.98%1.34%+2.64%	Stable 94	35
7 DOLA-sUSDeDOLA/sUSDe	DOLA-sUSDe	Convex Finance	$52.67m	5.91%1.34%+4.57%	Stable 86	35
8 PT-sUSDE-22OCT2026PT Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$22.07m	5.10%	Stable 99	16
9 PLP-sUSDE-22OCT2026PLP Ethena sUSDE 22OCT2026	sUSDe	Pendle V2	$22.07m	9.61%9.58%+0.02%	Stable 89	107
10 reUSDeRe Protocol reUSDe	reUSDe	Re	$20.96m	11.81%	Stable 98	527