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Ethena is an innovative synthetic stablecoin protocol built on Ethereum. Its flagship product, USDe, is based on a delta-neutral strategy that generates stable passive returns. Discover our complete guide to understanding this product and learning how to stake USDe in order to receive sUSDe, a token that accumulates rewards automatically.
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Analysis
Gaël Courrège
Gaël Courrège is an Analyst at The Big Whale, where he focuses on decentralized finance. His work centers on DeFi research and analysis, with published pieces covering topics including decentralized stablecoins, DeFi lending markets, prediction markets, and yield-generating protocols such as Ethena, Aerodrome, Sky, and Maker. Prior to his current role, he has a background in design, marketing, and web projects.
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