USDe Earn
Q: What is USDe Earn?
A: USDe Earn allows users to earn daily rewards on USDe holdings while maintaining the flexibility to mint and redeem USDe from supported stablecoins like USDT and USDC. Rewards are distributed in USDe, and users can track their rewards and earn history directly in the Flipster platform.
Q: How do I identify USDe Earn in the Earn tab?
A:
- USDe Earn is displayed as a dedicated card at the top of the Earn tab.
- Fixed priority order for Earn cards:
USDe > PUSDT > BTC > ETH
Q: What is the reward currency for USDe Earn?
A: All rewards from USDe Earn are paid in USDe.
Q: How are daily rewards calculated?
A:
- Rewards are calculated daily in USDe.
- Accrual begins within an hour after deposit or minting completion.
- Rewards are calculated on your total balance, including unrealized P&L but excluding amounts pending for minting or redemption.
Q: What is the Base APR for USDe Earn?
A: The base APR will be applied for amounts up to 200,000 USDe.
Note: The Base APR for USDe Earn is a floating rate and may fluctuate over time based on market conditions and Ethena’s rate adjustments.
Q: Can I mint or redeem USDe?
A:
- Yes, users can:
- Mint USDe from USDT or USDC
- Redeem USDe back to USDT or USDC
- Completion of minting or redemption is confirmed via push notifications and on-screen messages.
- All transactions are visible in the conversion history.
Q: Can I trade USDe?
A: Yes, the USDe/USDT spot pair is available for trading.
Additionally, USDe can be used as margin collateral under Cross Margin to open trading positions.
Q: Where can I see my USDe Earn history?
A: All USDe Earn history is displayed in USDe units under the Earn tab.
You can track your daily accrued rewards and see completed minting/redemption transactions.
Q: What happens if a user doesn’t have enough balance or balance changes during minting?
A: Since the minting process takes some time, the user must ensure they have sufficient balance throughout the process.
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. 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.
4. We reserve the right of final interpretation of the terms of the USDe Rewards.