Staked USDe sUSDe

1 · Decentralized Finance · Ethereum Ecosystem · Stablecoins · USD Stablecoin

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sUSDe is a liquid staking token representing staked USDe in the Ethena protocol. It is used to earn protocol revenue from funding rates on derivatives positions and staking rewards from backing assets. The token's value increases over time relative to USDe as rewards accumulate within the staking contract, allowing holders to maintain liquidity and composability in DeFi while accruing yield.