Ethena Ecosystem

Money Markets
Aave logo

Aave

Aave is a decentralised non-custodial liquidity protocol where users can participate as suppliers or borrowers.

USDesUSDe
Exchanges
Binance logo

Binance

Binance is the largest cryptocurrency exchange by trading volume, serving 185M+ users across 180+ countries.

InvestorUSDeENAHedging VenueCollateralMint / Redeem
Exchanges
Bybit logo

Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume. Established in March 2018, Bybit currently serves more than 40 million users and institutions.

ENAUSDeCollateralHedging VenueMint / Redeem
Exchanges
Deribit logo

Deribit

Founded in 2016, Deribit is the world's leading cryptocurrency options exchange.

USDeInvestorHedging VenueCollateral
Other
ENA logo

ENA

ENA is the governance token for Ethena. It gives holders a voice in the direction of the Ethena protocol.

Token
Exchanges
HyENA logo

HyENA

HyENA is a USDe-margined perpetuals DEX built on Hyperliquid's HIP-3 standard. HyENA combines the proven high-performance and user-friendly features of Hyperliquid with USDe as trading collateral.

USDe
Exchanges
Hyperliquid logo

Hyperliquid

Hyperliquid is a high-performance decentralized exchange (DEX) built on a custom Layer-1 blockchain that specializes in perpetual futures trading.

USDe
Exchanges
Kraken logo

Kraken

Kraken is a US-based cryptocurrency exchange where users can buy, sell and trade various assets with relatively low commissions. Clients can also earn rewards through coin staking.

InvestorUSDeENA
Money Markets
Morpho logo

Morpho

A permissionless and non-custodial lending protocol where users can earn interest on over-collateralized lending and borrow digital assets using immutable infrastructure.

USDesUSDe
Other
sENA logo

sENA

Staked ENA can be obtained by staking ENA. It is composable in DeFi, may accrue ENA rewards, and receives our highest rewards campaign multiplier.

Token
Stablecoins
sUSDe logo

sUSDe

Staked USDe is the leading savings asset in DeFi. It accumulates rewards periodically and can be obtained by staking USDe.

Token
Stablecoins
USDe logo

USDe

USDe is a synthetic dollar which aims to provide a censorship-resistant, stable, and scalable solution for the digital asset market.

Token
Money Markets
Ajna logo

Ajna

The Ajna Protocol is a non-custodial, peer-to-pool, permissionless lending, borrowing and trading system that requires no governance or external price feeds to function.

USDesUSDe
Card & Payments
Alchemy Pay logo

Alchemy Pay

Alchemy Pay bridges traditional and decentralized finance by providing payment solutions that enable seamless crypto-to-fiat transactions.

USDeENA
Other
Allbridge logo

Allbridge

Allbridge Core offers native stablecoin bridging with seamless cross-chain swaps across EVM and non-EVM networks.

USDe
Custodians
Anchorage logo

Anchorage

Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions.

USDe
Chains
Arbitrum logo

Arbitrum

Arbitrum the leading Layer 2 technology that empowers you to explore and build in the largest Layer 1 ecosystem, Ethereum.

USDesUSDeENA
Other
Avalon Labs logo

Avalon Labs

The Hub for BTCFi. Borrow stablecoins at fixed rates starting as low as 8%

USDe
Exchanges
Balancer logo

Balancer

Balancer is a Decentralized Finance (DeFi) protocol that provides permissionless technology to streamline AMM development for developers and empower liquidity providers with an ever-expanding DEX product suite.

USDesUSDe
Chains
Base logo

Base

Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users onchain.

USDesUSDeENA
Exchanges
Based logo

Based

Based is a trading platform for Hyperliquid, providing perpetual and spot trading with custom UI, advanced orders, and refer & earn features.

USDe
Exchanges
Bitget logo

Bitget

Bitget is a Seychelles-based cryptocurrency exchange that empowers over 20 million users across 100 countries with a focus on copy trading and various smart trading tools.

ENAUSDeCollateralHedging Venue
Custodians
BitGo logo

BitGo

BitGo is a digital asset infrastructure company providing secure custody, trading, and financial services for institutions with $90B+ assets on platform.

USDesUSDe
Exchanges
Bithumb logo

Bithumb

Bithumb is one of South Korea's largest crypto exchanges, with $205 million in daily trading volume at the time of writing and with 170+ listed cryptocurrencies.

ENAUSDe
Chains
Blast logo

Blast

The Fullstack Chain. The only EVM chain with native yield for ETH and stablecoins.

USDesUSDeENA
Chains
BNB Chain logo

BNB Chain

BNB Chain is a leading blockchain ecosystem designed to support the growing demands of the decentralized web (Web3).

USDesUSDeENA
Other
BounceBit logo

BounceBit

The BounceBit chain ensures transparent and efficient settlement and record-keeping on-chain, reinforcing the reliability of our CeDeFi infrastructure.

USDe
Exchanges
Camelot logo

Camelot

The Arbitrum native DEX. Custom-built liquidity infrastructure to support builders & generate real yield.

USDe
Custodians
Ceffu logo

Ceffu

Ceffu is an institutional digital asset platform offering custody and liquidity solutions to secure, manage, and utilize your crypto assets efficiently.

USDesUSDe
Other
Chainlink logo

Chainlink

Chainlink is the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $20 trillion in transaction value across the blockchain economy.

PoR Attestor
Other
Chaos Labs logo

Chaos Labs

Chaos Labs builds technology that makes markets safer and more accessible. Its risk management systems, oracles, and AI models help leading protocols secure billions in value while democratizing access to sophisticated financial tools.

PoR Attestor
Exchanges
Coinbase logo

Coinbase

Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.

CustodyHedging VenueENA
Custodians
Coinbase Custody logo

Coinbase Custody

Coinbase Vault storage combines physical security, consensus computation, and strict process controls into one world-class solution.

USDe
Exchanges
CoinList logo

CoinList

CoinList is a comprehensive platform that accelerates blockchain technology by facilitating new token issuance, offering services such as token sales, distribution, trading, lending, staking, and access to decentralized finance opportunities.

USDeENA
Exchanges
Coinone logo

Coinone

Coinone is a prominent South Korean digital currency exchange that ofers trading of digital assets, providing a wide range of tokens and trading pairs.

USDe
Money Markets
Contango logo

Contango

Contango builds positions by automating looping strategies, through flash loans. When a trader opens a position, the protocol borrows on the money market.

USDesUSDe
Custodians
Copper logo

Copper

The market's first off-exchange settlement solution. Trade freely on centralised exchanges without moving your assets from Copper's secure MPC custody.

USDesUSDeMint / Redeem
Exchanges
Curve logo

Curve

Creating deep on-chain liquidity using advanced bonding curves.

USDesUSDe
Exchanges
DeDust.io logo

DeDust.io

DeDust.io is a decentralized exchange powered by the TON blockchain where you can swap Gram for tokens, trade with low fees, and provide liquidity.

USDesUSDe
Other
DeFi Saver logo

DeFi Saver

DeFi Saver is a non-custodial DeFi management tool offering advanced features and functionalities for managing your positions and crypto assets in various DeFi protocols.

ToolsUSDesUSDe
Exchanges
Derive logo

Derive

Derive is a decentralized protocol that creates unique and programmable onchain options, perpetuals, and structured products.

USDesUSDe
Exchanges
Drift logo

Drift

Drift Protocol is the largest open-sourced perpetual futures exchange built on Solana, the fastest L1 blockchain.

USDesUSDe
Chains
Echelon logo

Echelon

Echelon is a universal lending market connecting liquidity and supercharging yields on Move.

sUSDe
Other
Eigenlayer logo

Eigenlayer

Eigenlayer provides developers with access to the Ethereum staked capital base and decentralized validator set.

USDesUSDe
Yield
Ekubo logo

Ekubo

Ekubo Protocol is an advanced AMM with super-concentrated liquidity providing unmatched capital efficiency, extensibility, and automated yield strategies.

USDe
Exchanges
Ethereal logo

Ethereal

Ethereal is a decentralized exchange powered by Ethena, offering deep liquidity, lightning-fast execution, and uncompromising security.

USDesUSDe
Money Markets
Euler logo

Euler

Euler is a modular lending platform that enables users to lend, borrow and build without limits.

USDesUSDe
Exchanges
Euphoria logo

Euphoria

Euphoria brings together the best of on-chain trading and perpetuals markets to create fun, fast, and frictionless consumer experiences.

USDe
Money Markets
EVAA logo

EVAA

EVAA Protocol is a decentralized lending protocol built on the TON blockchain allowing users to lend and borrow digital assets within Telegram Messenger.

USDesUSDe
Custodians
Fireblocks logo

Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets.

USDesUSDe
Yield
FIVA logo

FIVA

FIVA brings yield tokenization to TON, letting you manage your DeFi returns with more control and flexibility.

USDetsUSDe
Exchanges
Flipster.io logo

Flipster.io

Flipster.io is a cryptocurrency trading platform specializing in perpetual futures, offering services like zero trading fees on major pairs, leverage up to 100x, and a wide selection of over 360+ crypto listings.

USDeCollateralMint / Redeem
Money Markets
Folks Finance logo

Folks Finance

Folks Finance is a community-driven decentralized platform providing permissionless DeFi tools across multiple networks.

USDesUSDe
Stablecoins
Frax logo

Frax

The Frax stablecoin is a crypto collateralized stablecoin pegged to the US dollar that is highly scalable, trustless, and ideologically pure on-chain money.

USDesUSDe
Chains
Fraxtal logo

Fraxtal

Fraxtal is a modular rollup blockchain (L2) with a "fractal scaling" roadmap.

USDesUSDeENA
Exchanges
Gate.io logo

Gate.io

Established in 2013, Gate.io has consistently ranked among the top 10 exchanges. It is a full-service digital asset exchange platform covering millions of users around the world.

USDesUSDeENACollateral
Money Markets
Gearbox logo

Gearbox

Gearbox Protocol uses Credit Account abstraction to bring together lending and prime brokerage in the same protocol.

USDesUSDe
Exchanges
Gemini logo

Gemini

Gemini is a New York-based cryptocurrency centralized exchange regulated by the New York State Department of Financial Services, available in all 50 U.S. states and over 60 countries.

Investor
Card & Payments
Gnosis Pay logo

Gnosis Pay

The world's first self-custodial Visa® Debit Card, linked to a Safe Smart Account.

USDe
Yield
Goblin Finance logo

Goblin Finance

Goblin Finance is a DeFi yield optimization protocol on the Aptos blockchain that automates liquidity management for V3 decentralized exchanges.

USDesUSDe
Other
Guardian logo

Guardian

Guardian Audits provides institutional-grade Web3 security services with comprehensive smart contract audits, featuring two-team reviews and rigorous remediation processes for top DeFi protocols.

Ethena
Card & Payments
Holyheld logo

Holyheld

Holyheld is a onchain crypto debit card. The one card for all crypto natives. Get your card, pay from your phone, use your wallet, and pick your crypto.

USDe
Other
HT Digital logo

HT Digital

HT Digital Ltd evolved from Harris & Trotter LLP, bringing nearly a century of professional services expertise to Web3. With over 80 team members and 600 digital asset clients globally, they are the leading professional services firm onchain.

PoR Attestor
Exchanges
HTX logo

HTX

HTX is a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses.

ENA
Money Markets
Hyperdrive logo

Hyperdrive

Hyperdrive is an automated market maker protocol for fixed and variable rates featuring on-demand terms and a novel pricing mechanism that enables efficient yield markets.

USDe
Money Markets
Hyperlend logo

Hyperlend

Hyperlend is a high-performance lending protocol built for capital efficiency on Hyperliquid. It offers real-time leverage, dynamic rates, and deep liquidity access for traders, quants, and market makers.

USDe
Exchanges
Infinex logo

Infinex

The Infinex Account is the easiest way to access the world of DeFi with robust multi-chain support, and unrivalled, non-custodial security.

USDe
Money Markets
InfiniFi logo

InfiniFi

InfiniFi provides infinite possibilities in decentralized finance through innovative lending and borrowing solutions that maximize capital efficiency and user experience.

sUSDe
Chains
Injective logo

Injective

Injective is the first blockchain to offer auto-executing smart contracts which empower faster, more innovative and groundbreaking applications.

USDe
Exchanges
Intentx logo

Intentx

The Future of Decentralized Derivatives. Redefining On-Chain Trading with Intent-Based Architecture

USDe
Other
Jito logo

Jito

Jito Labs is a leading Solana MEV Infrastructure Company. We build high-performance systems to maximize the performance of the Solana blockchain and enhance validator rewards.

USDesUSDe
Money Markets
Juice logo

Juice

Maximize your yield by using your ETH as collateral to access 300% USDB and ETH leverage to deploy & maximize point farming across the Blast ecosystem.

USDesUSDe
Money Markets
Kamino logo

Kamino

Solana's Borrowing, Lending, Marketing Making, and Leverage venue.

USDesUSDe
Other
Karak logo

Karak

Karak is the universal restaking layer powered by the entire cryptoeconomy across every asset and every chain.

USDesUSDe
Custodians
Komainu logo

Komainu

Komainu offers clients a regulated digital asset custody solution that is secure, segregated, and verifiable on the blockchain.

USDe
Exchanges
Kucoin logo

Kucoin

Kucoin is a global cryptocurrency exchange that offers a variety of digital assets and trading pairs. Kucoin is known for its user-friendly interface and low trading fees.

ENAUSDe
Exchanges
LBank logo

LBank

LBank, founded in 2015, is a globally trusted cryptocurrency exchange for trading Bitcoin, Ethereum, MEME, and other digital assets with over 15 million users.

USDe
Money Markets
Lendle logo

Lendle

Lendle is a decentralized lending protocol on Mantle Network enabling efficient lending and borrowing of digital assets.

USDesUSDe
Chains
Linea logo

Linea

An EVM-equivalent network, scaling the Ethereum experience. Secured with a zero-knowledge rollup to Ethereum, built on lattice-based cryptography, and powered by Consensys.

USDesUSDeENA
Other
LlamaRisk logo

LlamaRisk

LlamaRisk offers a comprehensive suite of DeFi risk management services. They serve industry giants such as Aave, Curve, and Ethena, helping them to secure over $30B in TVL by profiling risk & supporting solution design.

PoR Attestor
Stablecoins
MakerDAO logo

MakerDAO

MakerDAO enables the generation of Dai, the world's first unbiased currency and leading decentralized stablecoin.

USDesUSDe
Chains
Mantle logo

Mantle

Build dApps with exceptional UX, all while relying on Ethereum's unrivaled security, with our high-performance Ethereum layer-2 network built with modular architecture.

USDesUSDeENA
Chains
MegaETH logo

MegaETH

MegaETH is the first real-time blockchain designed for high-performance applications. It provides instant transaction processing and ultra-low latency for next-generation decentralized applications.

USDtb
Exchanges
Merchant Moe logo

Merchant Moe

Merchant Moe is the leading decentralized exchange on Mantle Network.

USDe
Exchanges
MEXC logo

MEXC

Founded in 2018, MEXC is known as the exchange of high performance and mega transaction matching technology. The team at MEXC are some of the first movers and pioneers of financial and blockchain technology.

ENAUSDeCollateralMint / Redeem
Other
Mezo logo

Mezo

Turn your Bitcoin into an active, yield-generating asset with BitcoinFi. HODL Bitcoin on Mezo.

USDe
Wallets
MyTonWallet logo

MyTonWallet

MyTonWallet is a self-custodial cryptocurrency wallet designed for the TON blockchain.

ToolsUSDesUSDeENA
Money Markets
Notional Finance logo

Notional Finance

Notional is fully public, open source, and on-chain DeFi lending and leveraged yield protocol. Anyone can audit Notional's code and balances to ensure funds are secure.

USDe
Yield
Nunchi logo

Nunchi

Nunchi surfaces the hidden yields, from onchain funding rates to offchain RWAs, and transforms them into liquid, tradable instruments.

USDe
Exchanges
OKX logo

OKX

OKX is a global company offering exchange and Web3 services with offices in Hong Kong, Singapore, the UAE, Silicon Valley, and the Bahamas.

InvestorHedging VenueENA
Wallets
OneKey logo

OneKey

KYC'd OneKey users, the third biggest hardware wallet company behind Ledger & Trezor, have enabled users to earn rewards on USDe.

ToolsUSDesUSDeENA
Money Markets
OnRe logo

OnRe

OnRe is a decentralized finance protocol that provides innovative money market solutions with advanced risk management and yield optimization strategies.

sUSDe
Money Markets
Orbit logo

Orbit

ORBIT is an open source and non-custodial protocol enabling the creation of money markets. Users can earn interest on deposits and borrow assets.

USDesUSDe
Exchanges
Orca logo

Orca

Orca is your homepage for buying crypto on Solana. It is a decentralized exchange that allows users to trade tokens and earn rewards.

USDesUSDe
Money Markets
Origami logo

Origami

Origami is a first-in-class automated leverage protocol launching on Ethereum.

USDesUSDe
Money Markets
Particle logo

Particle

Particle is an ecosystem of liquidity restaking protocols that enable permissionless leverage trading and interest rate swaps.

USDesUSDe
Stablecoins
Paypal logo

Paypal

PayPal USD is a stablecoin backed by secure and highly liquid assets. Buy, sell, hold, and transfer it in our app or on our site.

USDe
Yield
Pendle logo

Pendle

Pendle is a DeFi protocol focused on yield trading, allowing users to both fix or leverage their yield.

USDesUSDeENAsENA
Yield
Penpie logo

Penpie

Penpie is a next-generation DeFi platform designed to provide Pendle Finance users with yield and veTokenomics boosting services.

USDesUSDeENAsENA
Structured Products
Polynomial logo

Polynomial

Polynomial is a Ethereum L2 with a native liquidity layer for hyper-scaling derivatives.

sUSDe
Exchanges
Raydium logo

Raydium

An on-chain order book AMM powering the evolution of DeFi.

USDe
Money Markets
Re logo

Re

Re is a decentralized money market protocol that provides innovative lending and borrowing solutions with advanced capital efficiency mechanisms.

USDesUSDe
Other
RedStone logo

RedStone

RedStone is a modular blockchain oracle that provides secure, flexible, and efficient data infrastructure for on-chain finance.

USDesUSDetUSDe
Exchanges
Reya logo

Reya

Reya provides fast, low-cost crypto trading with features like millisecond execution and zero gas fees.

USDesUSDe
Wallets
Safe logo

Safe

Safe is the leading decentralized, programmable smart contract wallet infrastructure on Ethereum and EVM networks, managing over $100 billion in assets.

ToolsUSDe
Other
Security Alliance logo

Security Alliance

Security Alliance is the hub for crypto threat intelligence, responsible for gathering, analyzing, and disseminating information about new threat actors and trends.

Ethena
Money Markets
Sentiment logo

Sentiment

Sentiment one of the leading leverage lending protocols designed for optimal security and scalability. It features dynamic risk management, isolated lending pools, and flexible configurations for any asset or strategy.

USDe
Chains
Solana logo

Solana

Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality.

USDesUSDeENA
Other
Solayer logo

Solayer

Solayer introduces a shared validator network that leverages the economic principles of staking to enhance Solana's base layer security.

USDesUSDe
Other
Solv logo

Solv

Transform your Bitcoin and its wrapped variants into SolvBTC, a single, unified liquid asset for ultimate flexibility and access.

USDe
Money Markets
Spark logo

Spark

Spark is on a mission to empower the DAI ecosystem by building DeFi infrastructure such as SparkLend, SparkConduits and supporting sDAI.

USDesUSDe
Exchanges
Stargate Finance logo

Stargate Finance

Stargate Finance is a fully composable native asset bridge with unified liquidity and instant guaranteed finality built on top of LayerZero.

USDesUSDe
Exchanges
STON.fi logo

STON.fi

STON.fi is a decentralized automated market maker (AMM) built on the TON blockchain providing virtually zero fees, low slippage, an extremely easy interface, and direct integration with TON wallets.

USDesUSDe
Structured Products
Strata logo

Strata

Strata is a perpetual risk tranching protocol that offers structured products on USDe — Ethena's synthetic dollar backed by delta-neutral positions on blue-chip crypto assets.

USDesUSDe
Structured Products
SuperHedge logo

SuperHedge

SuperHedge is a structured products protocol that enables 100% principal-protected investments on-chain.

USDe
Other
Symbiotic logo

Symbiotic

Symbiotic is a generalized shared security system enabling decentralized networks to bootstrap powerful, fully sovereign ecosystems.

ENAsUSDe
Exchanges
Synthetix logo

Synthetix

Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains. Powering the next generation of permissionless protocols.

USDe
Wallets
Telegram Wallet logo

Telegram Wallet

Telegram Wallet is a cryptocurrency wallet that is directly integrated into the Telegram messaging app, providing users with a seamless way to store, send, and receive digital assets.

ToolsUSDesUSDeENA
Yield
Term Finance logo

Term Finance

Fixed-rate DeFi lending & borrowing protocol on Ethereum. Pioneering fixed-rate loans via auctions in crypto. Scalable, no spread, no slippage, low fees.

USDe
Exchanges
Thruster logo

Thruster

Thruster is a decentralized degen-first native DEX bringing the best of DeFi to the Blast ecosystem.

USDesUSDe
Chains
Ton logo

Ton

Ton is a decentralized and open internet designed to onboard 500M people onchain, built by the Telegram community.

USDetsUSDe
Wallets
Tonhub logo

Tonhub

Tonhub is a non-custodial TON wallet that enables users to store and exchange TON crypto, tokens, and coins, while also providing staking opportunities.

ToolsUSDesUSDeENA
Wallets
Tonkeeper logo

Tonkeeper

Tonkeeper is the easiest self-custody wallet to pay with Gram and other tokens.

ToolsUSDesUSDeENA
Exchanges
Uniswap logo

Uniswap

Swap, earn, and build on the leading decentralized crypto trading protocol.

USDe
Other
Unit logo

Unit

Unit is the asset tokenization layer on Hyperliquid, enabling seamless deposits and withdrawals.

USDe
Exchanges
Upbit logo

Upbit

Upbit is the largest cryptocurrency exchange in South Korea in terms of trading volume and customer base, with over 180 crypto coins/tokens listed.

ENAUSDe
Card & Payments
UR logo

UR

UR is a crypto payment and finance app that bridges traditional banking with digital assets. It allows users to deposit funds, swap between fiat and crypto, and spend directly using a card.

USDe
Money Markets
Venus logo

Venus

Venus Protocol is a decentralized money market protocol on BNB Chain enabling users to lend and borrow digital assets.

USDesUSDe
Money Markets
Wildcat logo

Wildcat

Wildcat Finance is a protocol that reinvents private credit on-chain, offering undercollateralized lines of credit with highly configurable parameters, customizable access controls, and segregated markets.

USDe
Chains
Zircuit logo

Zircuit

Zircuit works with all your favorite Ethereum apps. It supports all major wallets such as MetaMask, as well as tools like Hardhat.

USDesUSDeENA
Custodians
Zodia logo

Zodia

Empowering global institutions to navigate the digital asset landscape simply, safely, and without compromise.

USDe
Ecosystem | Ethena