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    yzUSDe

    Leveraged 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

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    Backing Assets
    Coverage Ratio
    Yield Distributed

    Backing assets vs supply

    Value of assets held against tokens in circulation

    Backing data isn't available for this vault yet — it appears here automatically once a backing wallet is configured.

    Supply × price--
    No data yet for this range

    APY

    Trailing net yield to holders

    Advertised APY--
    7D--
    No data yet for this range
    Monitoring & Risk Control
    Hypernative

    Every position in the yzUSDe vault is monitored live by Hypernative, a real-time security and risk platform used across major DeFi protocols and treasuries.

    Pashov
    PashovSmart-contract audit ×2 · 2025
    Dedaub
    DedaubSmart-contract audit ×2 · 2025
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