USDe bursts onto the scene as a revolutionary stablecoin designed to tackle the challenges faced by traditional options. Forget clunky over-collateralization and the risks of centralized systems. USDe offers a streamlined experience with built-in risk mitigation for maximum stability and user control.

Here's what sets USDe apart:

Scalability Unchained: USDe leverages LSTs (Liquid Staking Tokens) and derivative tools to achieve scalability without the burden of excessive collateral. Plus, users can hedge their LSTs with short positions, further optimizing capital usage.

Stability You Can Trust: USDe prioritizes stability through unleveraged short positions automatically executed upon minting. This ensures a neutral position and minimizes price fluctuations.

Censorship-Proof and Secure: Say goodbye to centralized control. USDe stores collateral assets on decentralized platforms, offering complete on-chain transparency and freedom from traditional banking systems.

USDe: More Than Just Stable

On-Chain Security: Ethena distributes collateral assets across a diverse set of secure on-chain custody contracts, minimizing counterparty risk and maximizing security.

Seamless Liquidity Management: USDe seamlessly integrates with major liquidity venues, allowing users to manage underlying risks and optimize capital while maintaining complete control over their USDe.

Unlocking Earning Potential

Effortless Rewards: USDe provides attractive returns through a combination of staking rewards from LSTs and funding rates generated from short positions. This allows users to earn passively without lifting a finger.

Long-Term Ethereum Exposure: Ethena facilitates minting USDe with LSTs, enabling users to maintain long-term exposure to the Ethereum ecosystem while enjoying USDe's stability.

No Liquidation Worries: Unlike other algorithmic stablecoins, USDe utilizes a delta-neutral mechanism, eliminating the risk of liquidation for USDe holders.

How USDe Worksp

1. Minting USDe: Users deposit LSTs (like stETH or rETH) into Ethena's platform to receive USDe. Small fees cover transaction execution and slippage.

2. Hedging with Short Positions: Ethena opens equivalent short positions on derivative exchanges to hedge against potential price fluctuations of the deposited LSTs.

3. Earning with sUSDe: Users can stake their USDe for sUSDe, a value-accumulating token that earns rewards from both LST staking and short position funding rates. No additional actions are required to benefit from these rewards.

USDe offers a compelling alternative in the world of stablecoins. With its innovative design, focus on security, and user-friendly features, USDe is poised to become a game-changer for those seeking a stable and rewarding financial experience.