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USDCBalance: 0.00
yzUSDeBalance: 0.00
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You deposit≈ $0.00
USDCBalance: 0.00You receive≈ $0.00
yzUSDeBalance: 0.00Your Position
$0.00+$0.00 (+0.00%)
Orders
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yzUSDe
Low–Moderate RiskLeveraged exposure to USDe (Ethena's staked synthetic dollar).
USDe is a synthetic dollar issued by Ethena. Its backing is actively managed and allocated across delta-neutral basis trades, stablecoins, DeFi, institutional lending, and a growing allocation to tokenized RWAs. It has been live since 2024 and battle-tested through numerous systemic stress events.. Live backing breakdown: https://app.ethena.fi/dashboards/backing-assets
Net APY (7D)
TVL
Leverage
Vault info
ChainEthereum
Management fee
Performance fee
Withdrawal fee
Withdrawal timeUp to 3 days
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Aave
Morpho
Ethena
Euler
AaveMorphoEthenaEulerHistorical Performance
Historical vault receipt token price9.5%7D trailing APY
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Strategy
Leveraged Ethena assets across blue-chip DeFi money markets — Aave, Euler, Morpho, etc.
1Deposit USDC2Mint sUSDe, Hold USDe3Supply collateral4Borrow stablecoins5Leverage
Strategy
1
User deposits USDC & receives yzUSDe vault token (receipt)Funds enter the vault contract.
2
Mint / stake USDe into sUSDeUSDC is used to acquire USDe and stake it into sUSDe on Ethereum.
3
Supply to Money MarketsUse sUSDe/USDe as collateral in blue-chip money markets (Aave, Morpho, Euler, etc.).
4
Borrow stablecoinsBorrow stablecoins (USDT, USDC, etc.) up to market LTV based on available liquidity and prevailing borrow APY.
5
LeverageRepeat 2–4 to increase overall vault APY (via leveraged uplift).
Smart Contracts
EthereumPortfolio TransparencyA full breakdown of the assets and strategies backing the vault.
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