Ethena Explained: USDe, sUSDe, Rewards and Exit Routes

Photo: The Defiant
Direct issuer redemption is restricted, while sUSDe unstaking returns USDe—not dollars in a bank account.
Source: The Defiant
An independent desk covering Stake, the US casino market and crypto.

Photo: The Defiant
Direct issuer redemption is restricted, while sUSDe unstaking returns USDe—not dollars in a bank account.
Source: The Defiant