What is USDe?

USDe is a stablecoin designed to provide users with both earning potential and trading flexibility. It is built to help users maximize the utility of their stablecoin holdings on Flipster, allowing for seamless integration between earning and trading activities.

How USDe Differs from Other Stablecoins

While similar to USDT, PUSDT, and USD1 in being pegged to the US dollar, USDe has unique features that set it apart:

 Benefits of Holding USDe

1. Competitive Rewards
   • USDe holdings earn daily rewards with an APR that includes a platform Trading bonus.
   • Rewards accrue accurately, excluding amounts pending for minting or redemption.
2. Trading Eligibility
   • USDe can be used as collateral in Cross Margin trading, allowing users to leverage their stablecoins without transferring funds.
3. Seamless Conversion
   • USDe can be easily minted from USDT or USDC and redeemed back, with estimated exchange rates and processing times clearly displayed.
4. Earn While Holding
   • USDe contributes to earn balances, so you can generate passive income while preparing to trade or holding your assets.

How USDe is Supported in Wallets

USDe can be stored, tracked, and converted directly in your Flipster wallet.

• Assets Page & Earn Page:
  • Mint USDe from USDT or USDC.
  • Redeem USDe back into USDT or USDC.
• Conversion History:
  • All successful minting or redemption transactions are recorded for transparency.
• Balance Tracking:
  • Includes available balance and pending amounts for minting/redemption.
    
     

How USDe is Supported in Trading

USDe is fully compatible with Flipster’s Cross Margin with Multi-Asset Collateral, allowing it to serve as shared collateral for perpetual trading alongside BTC, ETH, USDC, PUSDT, and the Trading bonus.

Key Highlights:

• Cross Margin with Multi-Asset Collateral
  • Your account equity can use multiple supported assets to back trades.
  • Funds from USDe Earn or other eligible assets can automatically be used as margin.

Learn More:
Cross Margin with Multi-Asset Collateral Overview 
Collateral Value

Key Takeaways

• USDe combines the stability of a stablecoin with rewards-earning and trading utility.
• It is fully supported in wallets, conversion history, and Cross Margin trading.

• Holding USDe allows you to earn rewards, trade efficiently, and leverage multiple assets seamlessly.

   

Terms and Conditions

 1.     By participating in the USDe reward program ( “USDe Rewards”), you have agreed to be bound to these terms as well as the Flipster Terms of Use and other relevant terms, rules, and guidelines on the Site or the mobile application. In the event of any conflict or inconsistency, the terms herein shall prevail with respect to the program contemplated hereunder unless expressly stated otherwise.

2.     The rules of the USDe Rewards are as published on the Site and the mobile application. 

3.     You agree and acknowledge that Flipster makes no representations or warranties of any kind, express or implied, regarding USDe, its value, stability, or functionality. USDe is a digital asset developed and issued by Ethena BVI Limited, and by holding or using USDe, you are subject to their terms and conditions (https://docs.ethena.fi/resources/usde-terms-and-conditions).

4.   Participation in any promotion involving USDe is at your own discretion and risk. Flipster shall not be responsible or liable for any loss, damage, or claim arising from or in connection with your use, holding, or transacting with USDe.

5.   We may amend the terms and/or rules of the USDe Rewards from time to time at our sole discretion. If we do, we will provide you with Notice of such amendments by posting the updated terms on the Site and the mobile application.

6.     We reserve the right of final interpretation of the terms of the USDe Rewards.

Risk Warning:

Trading in cryptocurrency involves risk and potential losses. Before trading, please make your investment decisions cautiously by considering your investment objectives, experience, and risk tolerance. You are solely responsible for your investment decisions, and Flipster is not liable for any losses you may incur. Derivatives trading, in particular, is subject to high market risk and price volatility. Please obtain independent advice where appropriate. This information should not be construed as financial or investment advice.