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Event record

Reviewed event

sUSDe operates as Ethena's reward-accruing USDe vault receipt

Ethena documents sUSDe as a transferable token-vault receipt created by staking USDe, with rewards reflected in an increasing USDe conversion value per share.

Date
Not yet recorded
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
3 sources
3 evidence relations

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinStaked USDeOrganizationEthena Labs

Sources

Evidence

Sources used for this record, with archival copies where available.
3 source identities · 5 evidence relations
SourcePublisher and dateRelevanceArchive
Ethena documentation for USDe
Source details
Source category
Official statement or announcement
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Ethena Labs
Published Not yet recorded		Entity Collateral Redemption, Usde Synthetic Dollar Lifecycle Context, Entity Identity, Active Product, Relationship to Usde, Entity and Current StatusArchive index or wildcard
sUSDe rewards mechanism
Source details
Source category
Official documentation or product page
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Ethena
Published Not yet recorded		Token Vault, Exchange Rate Accrual, Underlying Usde, Income and Wrapper MechanicsArchive index or wildcard
Staking USDe
Source details
Source category
Official documentation or product page
Provenance
Subject-controlled source
Primary or secondary
Primary source
Reliability
High
Ethena
Published Not yet recorded		Stake Usde, Unstake, Variable Rewards, Subscription Redemption and RewardsArchive index or wildcard
Official statement or announcement

Ethena documentation for USDe

High
Publisher
Ethena Labs
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Entity Collateral Redemption, Usde Synthetic Dollar Lifecycle Context, Entity Identity, Active Product, Relationship to Usde, Entity and Current Status
Reliability
High
Official documentation or product page

sUSDe rewards mechanism

High
Publisher
Ethena
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Token Vault, Exchange Rate Accrual, Underlying Usde, Income and Wrapper Mechanics
Reliability
High
Official documentation or product page

Staking USDe

High
Publisher
Ethena
Published
Not yet recorded
Provenance
Subject-controlled source
Primary or secondary
Primary source
Supported claims
Stake Usde, Unstake, Variable Rewards, Subscription Redemption and Rewards
Reliability
High
Record details
Classification, review, and event-specific data
Record ID
sog_ev_susde_reward_model_batch_h
Severity
Medium
Event type
Protocol Model Update
Public category
Governance and protocol change
Lifecycle effect
Remained active
Recovery or reversal
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Not yet recorded
Structured detail kind
Other
Record confidence
High
Evidence relations
3

Maintenance

Corrections and further reading

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