Ethena Protocol

Welcome to Ethena

The internet bond. Earn on your stablecoins with sUSDe — simple, automatic, compounding every second.

4.0% APY

Earning Made Easy

Hold sUSDe and earn 4.0% APY – no claiming or complexity. Your balance compounds automatically, every second.

How It Works

Three simple steps to start earning with your stablecoins.

Step 1

Sign in with wallet

Connect any wallet in the top right-hand corner.

Step 2

Swap for USDe

Swap any stablecoin for USDe instantly.

Step 3

Stake your USDe

Enjoy the value of your sUSDe increasing in real time.