Ethena Staked USDe (Fraxtal) Price, Live Chart & Market Cap

Ethena Staked USDe (Fraxtal) – earn real‑time yield on a censorship‑resistant USD stablecoin across leading DeFi platforms

Ethena Staked USDe (Fraxtal) Overview

Ethena Staked USDe (Fraxtal), branded as sUSDe, converts USDe into an auto‑compounding, high‑yield dollar. Each sUSDe token tracks a rising exchange rate, reflecting funding and ETH staking rewards earned by Ethena’s delta‑neutral strategy. The result is a censorship‑resistant, fully‑backed stablecoin that fits trading, treasury, and day‑to‑day payment needs across DeFi and integrated CeFi partners.

Utility & Use Cases SUSDE

Passive Dollar Yield

Stake USDe to mint sUSDe and earn dynamic, on‑chain interest without lock‑ups.

Deep Liquidity & Trading

Curve, Camelot, and top crypto exchanges list sUSDe pairs for low‑fee swaps and farming.

Everyday Payments

Telegram and card integrations let holders spend sUSDe instantly from any DeFi wallet.

Ethena Staked USDe (Fraxtal) Technologies Overview

Multi‑Chain Support

Native or bridged contracts on Ethereum, Arbitrum, Base, Solana, and more keep transfers fast and cheap.

Seven‑Phase Audits

Zellic, Quantstamp, Spearbit, Code4rena, and Chaos Labs reviewed contracts and economics—no critical issues found.

Real‑Time Oracles

Chainlink feeds plus internal risk engines guard mint/redemption pricing and peg stability.

High Throughput

Layer‑2 deployments and the upcoming Ethereal rollup target CEX‑level speed for swaps and collateral moves.

Funding

Ethena Labs secured $6 M seed (Jul 2023), $14 M strategic (Feb 2024), and a $100 M round (Dec 2024) led by Dragonfly, Franklin Templeton, Polychain, Pantera, and Maelstrom, giving the project deep reserves to build Ethereal DEX, Converge chain, and global expansion.

Roadmap

Ethereal DEX Mainnet

Launch a high‑speed rollup exchange using sUSDe as the base asset for spot and perpetual trading in 2025.

Telegram Neobank

Release an in‑chat wallet with Apple Pay support so users can save and spend sUSDe seamlessly.

Converge RWA Chain

Partner with Securitize to roll out a compliant L1 for tokenized assets and iUSDe aimed at institutions.

Ethena Staked USDe (Fraxtal) Security & Audit Reports

Collateral is held in qualified custody with off‑exchange settlement. Seven audit rounds, live proof‑of‑reserve dashboards, a reserve fund, and multi‑sig governance protect sUSDe holders.

FAQ

How to stake USDe for sUSDe?

Deposit USDe in the Ethena dApp or supported CEX, receive sUSDe instantly, and watch yield accrue.

How to redeem sUSDe back to USDe?

Unstake through the same interface; the contract burns sUSDe and returns the current USDe amount minus a small fee.

What drives the sUSDe yield?

Funding payments from perpetual shorts plus ETH staking rewards collected by Ethena’s delta‑neutral engine.

Is sUSDe available on major crypto exchanges?

Yes—Gate.io, MEXC, LBank, and others list sUSDe trading pairs with growing volume.

Can I use sUSDe as lending collateral?

Protocols like Aave, Morpho, and Gearbox accept sUSDe, enabling leveraged yield or low‑rate borrowing.

Does sUSDe work across chains?

Bridged versions let you move sUSDe on Arbitrum, Base, Solana, BNB Chain, and more.

What happens if funding turns negative?

Yield may drop toward zero; Ethena’s reserve fund and strategy adjustments aim to keep the peg intact.

Is there an airdrop for sUSDe users?

Past Shard campaigns rewarded early stakers with ENA; future incentives are announced via Ethena’s official channels.

Top Crypto Exchanges to Trade Ethena Staked USDe (Fraxtal) (SUSDE)

#	Exchange	Pair	Price	24h Volume
1	Curve (Fraxtal)	0X211CC4DD.../0XFC000000...	~$1.16	$595,257
2	Curve (Fraxtal)	0X788D96F6.../0X211CC4DD...	~$0.85	$29,220
3	Velodrome Finance Slipstream (Fraxtal)	0X211CC4DD.../0XFC000000...	~$1.16	$1.038