Ethena Launches USDe and sUSDe on BNB Chain, Expanding DeFi Access to 4 Million Users

Ethena has officially launched USDe and sUSDe tokens on BNB Chain, one of the largest smart contract networks globally. This launch extends a new DeFi frontier to millions of active users and a thriving developer community, opening up Ethena's financial services to a wider audience of four million users.

With the availability of USDe and sUSDe on BNB Chain, users can access key DeFi protocols, enhancing the utility of these tokens. PancakeSwap, the largest decentralized exchange (DEX) on BNB Chain, now offers USDe/USDT and sUSDe/USDe trading pairs. Liquidity providers can earn a total of 30x Ethena rewards, as well as CAKE emissions, and trading fees by adding liquidity to these pools. This makes PancakeSwap an attractive option for liquidity providers looking to maximize returns. The deep liquidity provided by PancakeSwap ensures a seamless trading experience for all users.

Venus Protocol, the largest DeFi lending platform on BNB Chain, will support USDe and sUSDe for lending and borrowing once the governance is finalized. sUSDe deposits on Venus earn 5x Ethena, while USDe deposits earn 20x Ethena. This enhanced reward structure makes Venus an appealing platform for users looking to maximize their returns while participating in DeFi activities. The platform allows users to lend and borrow assets in a risk-free environment, providing passive income opportunities for representatives of Venus.

Pendle, a DeFi dApp on BNB Chain, facilitates fixed and floating interest rate markets using sUSDe. Pendle’s yield token (YT) holders earn 30x Ethena rewards, in addition to a sUSDe APY. Liquidity providers in Pendle’s pools will also earn significant rewards. The integration enables users to diversify their strategies by selecting either fixed or floating rates, adding another tool to users’ return maximization toolbox. Users can interact with Pendle’s yield-bearing assets and earn Ethena rewards, solidifying Pendle’s role in the DeFi ecosystem.

The integration of USDe and sUSDe into the BNB Chain enhances the DeFi experience of Ethena users. USDe serves as a stable store of value, while users can earn yields on deposits through sUSDe. These tokens are adaptable to all the major DeFi tools from PancakeSwap to Venus and Pendle for purchasing, lending, or providing liquidity. Ethena expands utility, enabling advanced usage in DeFi by providing the ability to earn passive income, participate in liquidity provision, and offer lending.

The cross-chain nature of both USDe and sUSDe enables users to take advantage of DeFi opportunities across blockchains, allowing easy interaction with DeFi products from different networks. As a result, users gain more flexibility and can participate in a wider range of DeFi activities, regardless of the blockchain they are using. The sUSDe bridge via StargateFinance allows users to swap USDe and sUSDe across the blockchain seamlessly, enhancing the DeFi experience with multi-chain functionality.

Ethena’s integration into BNB Chain enhances its DeFi ecosystem, with StargateFinance enabling cross-chain bridging of USDe and sUSDe. Users now transfer tokens cross-chain to gain access to more opportunities. Users can earn passive income through 30x Ethena rewards on PancakeSwap and Pendle, and significant rewards on Venus. Flexibility is a defining feature of Ethena, bolstering its quest as a DeFi heavyweight, while also keeping its ecosystem dynamic and inclusive.