Ethena Protocol

Description

Ethena is a synthetic dollar protocol on Ethereum that offers a crypto-native financial solution independent of traditional banking, along with a globally accessible dollar-denominated savings instrument called the "Internet Bond". Ethena's synthetic dollar, USDe, achieves scalability and stability by delta-hedging Ethereum and Bitcoin collateral. The stability of USDe's peg is maintained through derivatives positions against protocol-held collateral. The "Internet Bond" generates yield from staked assets and the funding and basis spread from perpetual and futures markets, providing an on-chain crypto-native monetary solution. Ethena staking involves locking USDe to earn rewards in the form of sUSDe, which represents staked USDe within the network. This staking process supports the network's stability and governance, providing users with returns while contributing to the overall robustness of the Ethena ecosystem.

Ethena staking metrics:

• ethena_staking_deposits - Amount of USDe deposited into the staking contract
• ethena_staking_withdrawals - Amount of USDe withdrawn from the staking contract
• ethena_staking_apy - Interest rate paid for staking USDe

Access

Restricted Access

Measuring Unit

• ethena_staking_deposits and ethena_staking_withdrawals - Amount of USDe
• ethena_staking_apy - Percentage

Data Type

Timeseries Data

Frequency

Daily Intervals

Latency

On-Chain Latency

Available Assets

Available for ethena-staked-usde

SanAPI

Deposit and withdraw metrics: ethena_staking_deposits and ethena_staking_withdrawals

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{
  getMetric(metric: "ethena_staking_deposits"){
    timeseriesData(
      slug: "ethena-staked-usde"
      from: "2024-06-01T00:00:00Z"
      to: "2024-06-10T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

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Staking APY metric: ethena_staking_apy

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{
  getMetric(metric: "ethena_staking_apy"){
    timeseriesData(
      slug: "ethena-staked-usde"
      from: "2024-06-01T00:00:00Z"
      to: "2024-06-10T00:00:00Z"
      interval: "1d"){
        datetime
        value
      }
  }
}

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