Ethena USDtb - Protocol Analytics

Explore Ethena USDtb, a leading Protocol with $1,832,628,217.66 in total value locked. Get real-time metrics, charts, and insights. Data from DefiLlama.

Ethena USDtb
protocol
Website@ethena_labs

TVL

$1.833B
+0.10% from yesterday
-0.02% from last week

Volume (24h)

-
0.48% TVL dominance

Fees (24h)

-

Revenue (24h)

-
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About Ethena USDtb
ENA$0.33
1.67%
USDTβ is Ethena’s synthetic USDT exposure that mirrors Tether’s price but sources collateral from delta‑neutral perps instead of treasury bills. The product offers a higher yield than USDe because it harvests the positive funding differential between USDT and USDC perpetual markets. USDTβ supply is capped at $1 billion until a full audit of reserve accounting completes.

Blockchains supporting Ethena USDtb

BlockchainTVL24h7d
ET

Ethereum

$77,130,783,188-0.01%+3.45%