How to Stake USDe for sUSDe
Staking USDe for sUSDe lets you earn yield from Ethena's delta-neutral strategy. Current yields range from 15-30% APY.
Why Stake USDe?
sUSDe Benefits:- Earn 15-30%+ APY
- Yield from funding rates + staking
- No lockup period
- Appreciating token (like wstETH)
How sUSDe Works
sUSDe is a yield-bearing token:
- Deposit USDe, receive sUSDe
- sUSDe value increases over time
- 1 sUSDe > 1 USDe always
- Withdraw to get more USDe back
Current Yields
| Metric | Value |
|---|---|
| . . . . | . . . - |
| Current APY | ~25% |
| 7-Day Average | ~22% |
| 30-Day Average | ~27% |
. -
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Step-by-Step Instructions
1
Acquire USDe
If you do not have USDe, mint it from USDC/ETH on app.ethena.fi first.
Tips
- ✓See our USDe minting guide for details
2
Go to Ethena Staking
Visit app.ethena.fi and navigate to the Stake section.
Warnings
- ⚠Verify you are on the official site
3
Enter Stake Amount
Enter how much USDe you want to stake. You can stake any amount.
Tips
- ✓Consider gas costs for small amounts
- ✓No minimum stake required
4
Approve USDe
If first time staking, approve Ethena to access your USDe.
Tips
- ✓You can set a spending limit or approve unlimited
5
Confirm Stake
Review the transaction and confirm in your wallet. You will receive sUSDe.
Tips
- ✓Note the current exchange rate
- ✓sUSDe will be worth more than USDe deposited
6
Watch Yield Accrue
Your sUSDe value increases automatically. Check the dashboard for current APY.
Tips
- ✓No need to claim - yield is embedded in token value
- ✓Unstake anytime to receive accumulated USDe