[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Dee 🤎💙 [@dynaayoW](/creator/twitter/dynaayoW) on x XXX followers Created: 2025-07-24 14:36:07 UTC What if stability didn’t mean staying still? In a market where most dollars just sit, a new kind of asset is quietly reshaping what "stable" can really mean. We can see this expressed in the form of USDe, a native product of @ethena_labs that takes advantage of the delta-neutral strategy employed by Ethena. With this, let's see what this token really is & what fuels it. USDe is a synthetic stablecoin created by Ethena, designed to maintain a value close to $X , like other stablecoins , but with a unique structure and purpose. Here’s a breakdown 👇: 🔹 What is USDe? USDe (Ether-backed synthetic dollar) is a collateralized synthetic dollar built on Ethereum. Unlike traditional stablecoins backed 1:1 with fiat (like USDC or USDT), USDe is backed by ETH and... derivatives positions (like perpetual futures), using a delta-neutral strategy. 🔹 How does it work? USDe uses a clever system: It holds ETH or stETH as collateral. It opens short ETH perpetual futures positions to offset price volatility. This delta-neutral setup allows the system to maintain a stable dollar value. 🔹 What's special about it? USDe is not fiat-backed , It's decentralized and doesn't rely on banks. → Yield-bearing : The short futures positions often generate funding rate yield (when others pay to go long). This yield flows to sUSDe holders, which is the staked version of USDe. 🔹 What's sUSDe? Think of sUSDe as the “staked USDe”. You deposit USDe, and in return, you earn yield from Ethena’s delta-neutral strategy. It’s similar to stETH vs ETH , sUSDe earns while USDe is neutral. Bottom line is USDe is changing the narrative of stablecoin onchain & with @arbitrum. Arbitrum everywhere 💙  XX engagements  **Related Topics** [token](/topic/token) [ethenalabs](/topic/ethenalabs) [Post Link](https://x.com/dynaayoW/status/1948391749744812351)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Dee 🤎💙 @dynaayoW on x XXX followers
Created: 2025-07-24 14:36:07 UTC
What if stability didn’t mean staying still?
In a market where most dollars just sit, a new kind of asset is quietly reshaping what "stable" can really mean.
We can see this expressed in the form of USDe, a native product of @ethena_labs that takes advantage of the delta-neutral strategy employed by Ethena.
With this, let's see what this token really is & what fuels it.
USDe is a synthetic stablecoin created by Ethena, designed to maintain a value close to $X , like other stablecoins , but with a unique structure and purpose.
Here’s a breakdown 👇:
🔹 What is USDe?
USDe (Ether-backed synthetic dollar) is a collateralized synthetic dollar built on Ethereum.
Unlike traditional stablecoins backed 1:1 with fiat (like USDC or USDT), USDe is backed by ETH and...
derivatives positions (like perpetual futures), using a delta-neutral strategy.
🔹 How does it work?
USDe uses a clever system:
It holds ETH or stETH as collateral.
It opens short ETH perpetual futures positions to offset price volatility.
This delta-neutral setup allows the system to maintain a stable dollar value.
🔹 What's special about it?
USDe is not fiat-backed , It's decentralized and doesn't rely on banks.
→ Yield-bearing : The short futures positions often generate funding rate yield (when others pay to go long).
This yield flows to sUSDe holders, which is the staked version of USDe.
🔹 What's sUSDe?
Think of sUSDe as the “staked USDe”.
You deposit USDe, and in return, you earn yield from Ethena’s delta-neutral strategy.
It’s similar to stETH vs ETH , sUSDe earns while USDe is neutral.
Bottom line is USDe is changing the narrative of stablecoin onchain & with @arbitrum.
Arbitrum everywhere đź’™
XX engagements
Related Topics token ethenalabs