Ethena USDe, an Ethereum-based synthetic dollar protocol, aims to develop a crypto-native financial solution independent of existing banking infrastructure. This protocol introduces USDe, the first censorship-resistant, scalable, and stable cryptocurrency system based on delta-hedged, staked Ethereum collateral. This synthetic dollar is transparently supported on-chain and integrates perfectly into DeFi networks. USDe's stability is assured via delta hedging against stored collateral and utilizing a mint and redeem arbitrage mechanism. Ethena also offers the 'Internet Bond,' a unique on-chain, crypto-native bond that serves as a dollar-denominated savings tool for users in permitted jurisdictions. It combines the yield from staked Ethereum with the funding and basis spread from perpetual and futures markets, effectively integrating traditional financial instruments with blockchain innovations.
You can view, swap, send and receive USDe tokens directly from your MEW Wallet. To receive your USDe tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the USDe token information page. You can send your USDe tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your USDe tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.