2025-12-07 11:23:26

Ethena's sUSDe stands out as their yield-bearing version of USDe—basically the backbone of their whole DeFi strategy.

What makes this interesting? The protocol's trying to nail two things at once: letting yield stack up internally while keeping the token liquid enough to play nice with other DeFi protocols.

So sUSDe becomes this dual-purpose instrument—earning passive returns without sacrificing its ability to move freely across different platforms. That's the kind of design choice that could actually shift how stablecoins participate in yield generation.

USDE-0.01%

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NftRegretMachine

· 20h ago

The design of sUSDe does address a key pain point, offering both liquidity and yield, but can it really work in practice?

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GasFeeCrybaby

· 12-07 11:53

Uh, this design is indeed interesting. Liquidity doesn’t decrease, yields can even stack, but I wonder where the risks are hidden.

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FloorSweeper

· 12-07 11:52

sUSDe's just solving what everyone's been sleeping on... yield without liquidity sacrifice? ngl, that's the move most protocols fumble. watching how this actually performs under stress tho, not the marketing story lol

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degenonymous

· 12-07 11:52

The design of sUSDe is indeed quite interesting, offering both liquidity and yield... I'm just worried it might look good on paper but not work well in practice.

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OnchainHolmes

· 12-07 11:49

The design concept of sUSDe is actually quite interesting, as it achieves both liquidity and yield. The only concern is whether the execution will be effective going forward.

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GasFeePhobia

· 12-07 11:34

Strong liquidity and the ability to generate yield—this is what a stablecoin should be like.

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ZenMiner

· 12-07 11:33

To be honest, the design of sUSDe is indeed quite clever—it offers both liquidity and yield.

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OffchainWinner

· 12-07 11:29

The logic behind sUSDe is essentially about wanting to have your cake and eat it too, but can it really hold up?