Glossary Term Definition
A synthetic dollar protocol token issued by Ethena Labs on Ethereum, maintaining its USD peg through a delta-neutral strategy that pairs long spot crypto positions with short perpetual futures on CEXs. Unlike fiat-backed stablecoins, it requires no traditional banking reserves and generates yield from basis trading and staking via its staked variant, sUSDe.
Glossary Term
A synthetic dollar protocol token issued by Ethena Labs on Ethereum, maintaining its USD peg through a delta-neutral strategy that pairs long spot crypto positions with short perpetual futures on CEXs. Unlike fiat-backed stablecoins, it requires no traditional banking reserves and generates yield from basis trading and staking via its staked variant, sUSDe.