Instruments · Yield Stablecoins

Ethena Staked USDe

sUSDeYield StablecoinsMedium-High

~5.0% (variable)

Yield / return

checked 9 Nov 2026

Staked synthetic dollar (USDe). Yield comes from a delta-neutral basis trade — NOT treasury-backed, and highly variable.

No KYC on secondary market · self-custody

Stake USDe at app.ethena.fi or buy sUSDe on a DEX/CEX

Who may buy is set by the issuer — check their terms.

Go to Ethena Labs ↗Trader view →

Minimum None · Self-custody (collateral held by centralized custodians) · verify with the provider before acting

Where to buy sUSDe

Open in trader view →

sUSDe trades on 22 exchanges and DEXs. The largest by 24-hour volume:

Venue	Pair	24h volume	Spread
DEXUniswap V4 (Ethereum) ↗	SUSDE/USDT	$1.2M	0.60%
DEXCurve (Ethereum) ↗	REUSD/SUSDE	$953K	0.60%
DEXMetric (Ethereum)	SUSDE/USDE	$908K	0.60%
DEXCurve (Ethereum) ↗	sUSDe/SUSDE	$457K	0.60%
DEXCurve (Ethereum) ↗	FRXUSD/SUSDE	$138K	0.60%
DEXFluid (Ethereum)	GHO/SUSDE	$89K	0.60%
DEXCurve (Plasma)	SUSDE/USDT0	$82K	0.60%
DEXCurve (Ethereum) ↗	SCRVUSD/SUSDE	$80K	0.60%

Source: CoinGecko, 2026-11-11 · listed by volume, not a recommendation · check that the venue serves your country

sUSDe contract addresses

Checked on chain: contract code is present and its symbol and decimals match the listing. Use the address on the chain you buy on, and compare it with the issuer’s own documentation.

Candidates: CoinGecko · read on chain 2026-10-21 · for agents: MCP get_purchase_steps · how agents buy

How to exit sUSDe

Redeeming with the issuer: No KYC. Anyone who cannot redeem exits by selling on the market.

Minimum: not stated
Fee: not stated
Settlement: cooldown, then withdraw USDe; contract cooldown is 1 day (86,400 seconds, read on-chain 2026-10-22; governance can set up to 90 days)
Who may redeem: any address except sanctioned or other high-risk addresses blocked under sanctions/AML rules
Selling instead: Can be sold on external markets before the cooldown ends if such markets exist; Ethena says it does not plan to create them.

From issuer documentation · 2026-10-22 · exit costs compared

Key facts

Yield / return: ~5.0% (variable)
Risk: Medium-High
Minimum: None
Liquidity: 7-day cooldown to unstake; sell instantly on a DEX
Custody: Self-custody (collateral held by centralized custodians)
KYC: None (on-chain)
Figures verified: 2026-11-09

Details

Issuer: Ethena Labs
Type: Yield Stablecoins
Category: Yield Stablecoins
Pillar: Fixed Income
Yield source: Delta-neutral futures basis trade + staking
Network: Ethereum (+L2)
Jurisdiction: —
AUM: —

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Questions about sUSDe and Yield Stablecoins

Buying sUSDe: common questions

How do I buy sUSDe?

Stake USDe at app.ethena.fi or buy sUSDe on a DEX/CEX. The token runs on Ethereum (+L2). Minimum: None.

Where can I buy sUSDe?

sUSDe trades on 22 exchanges and DEXs. By 24-hour volume the largest are Uniswap V4 (Ethereum) (SUSDE/USDT), Curve (Ethereum) (REUSD/SUSDE), Metric (Ethereum) (SUSDE/USDE), Curve (Ethereum) (sUSDe/SUSDE), Curve (Ethereum) (FRXUSD/SUSDE) (CoinGecko, 2026-11-11). Check that the venue serves your country before you sign up.