Ethena USDe
Overview
TVL
$4.90B
Up 10% over 90 days
Live since
2023
TVL, last 90 days
Low
Full data
Security
AuditsAudited by Quantstamp, Spearbit, Cantina and 4 others, May 2025Cyfrin · May 2025Code4rena · Nov 2024Pashov · Oct 2024
Contract statusAll contracts verified, immutableUSDe 0x4c9E…68B3sUSDe 0x9D39…3497
Admin controlMultisig, behind a timelock
Multisig5 of 10 signers must approveWhat they approve then waits in the timelockSafe 0x3B0A…1862
Timelock24 hours before changes take effect
Track record
Through market stressCame through all 2August 2024 crash — kept 79% of its depositsOctober 2025 liquidation cascade — kept 45% of its deposits
Exploit historyNone recorded