Ethena is a protocol that issues USDe, a
synthetic dollar backed by delta-neutral
holdings in Bitcoin, Ethereum, and other
crypto assets.
How does staking work?
When you stake USDe, you receive sUSDe,
which automatically compounds your staking
rewards. You can unstake anytime, subject
to a 7 day cooldown period.
How is revenue generated?
Ethena generates revenue through funding
rates from perpetual futures positions as
well as from reward payments on stablecoin
holdings.