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    Ethena USDe

    USDE

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    06.510
    Risk Level:
    Medium
    Recommendation:Hold
    Evaluated:May 11, 2025 (v2)

    Crypto Token Health Score Explained

    Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.

    AI Analysis

    Comprehensive evaluation of the token

    Ethena USDe Overall Evaluation

    • Active Development: Consistent commits, disciplined CI, on-chain governance milestones reached (~80% on time).
    • Tokenomics & Security: Overcollateralized, dynamic supply with robust audits (CertiK, Immunefi) and no incidents.
    • Community & Market: Moderate engagement and DeFi integration, but faces stiff competition in a crowded stablecoin space.
    • Team & Governance Risks: Low transparency around core team, sparse DAO framework, potential centralization of power.

    Ethena USDe is a technically sound, audited on-chain stablecoin with solid development but carries execution and governance transparency risks.

    Detailed Analysis by Category

    Development Activity

    Code updates and developer engagement

    RiskReturn
    07.010

    Community Support

    Social media presence and community engagement

    RiskReturn
    06.010

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    07.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    06.010

    Team & Governance

    Team background and project governance

    RiskReturn
    04.010

    Security & Audits

    Security history and audit status

    RiskReturn
    08.010

    About Ethena USDe (USDE)

    Ethena USDe (USDE)

    Ethena USDe (USDE) is a decentralized, crypto-collateralized stablecoin on the Ethereum blockchain. Pegged 1:1 to the US dollar and backed by overcollateralized crypto assets, USDE delivers price stability, on-chain transparency, and seamless integration with DeFi protocols.

    Key Features

    • USD Stability: Maintains a 1:1 peg to the US dollar via automated collateral management.
    • Crypto-Collateralized: Fully backed by a diversified basket of crypto assets with overcollateralization for enhanced security.
    • Transparent & Auditable: On-chain smart contracts provide real-time collateral ratios and auditability.
    • DeFi Integration: Compatible with leading DeFi platforms for lending, borrowing, and liquidity provisioning.
    • Governance: Managed by the Ethena community through on-chain governance mechanisms.

    Use Cases

    • Payments and remittances
    • Decentralized trading and liquidity provisioning
    • Hedging against market volatility

    Token Details

    • Name: Ethena USDe
    • Symbol: USDE
    • Blockchain: Ethereum

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