Stable or Gone
Event record
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Record sog_ev_susde_reward_model_batch_h

sUSDe operates as Ethena's reward-accruing USDe vault receipt

Ethena documents sUSDe as a transferable token-vault receipt created by staking USDe, with rewards reflected in an increasing USDe conversion value per share.

Date
Not yet recorded
Category
Governance and protocol change
Subtype
Protocol Model Update
Status effect
Remained active
Recovery
Not applicableNot yet recorded
Evidence
3 source records3 relations

Identity and classification

Overview

Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.
DateNot yet recorded
Public event categoryGovernance and protocol change
Canonical event subtypeProtocol Model Update
Structured detail kindOther
Stablecoin subjectsStaked USDe
Organization subjectsEthena Labs
ImpactMedium
Effect on stablecoin lifecycleRemained active
Canonical status-effect valueActive
Recovery or reversalNot applicable
Recovery dateNot Applicable
Cause or mechanismNot yet recorded
Structured detail coverageDescription and source record only
Record confidenceHigh
Date
Not yet recorded
Public category
Governance and protocol change
Canonical subtype
Protocol Model Update
Structured detail kind
Other
Impact
Medium
Status effect
Remained active
Recovery
Not applicable
Recovery date
Not yet recorded
Cause or mechanism
Not recorded
Record confidence
High

Affected records

Subjects

Stablecoin and organization subjects remain separate record groups.
Stablecoin subject

Staked USDe

Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.

Organization subject

Ethena Labs

Open the organization record for roles, relationships, events, evidence, and unknowns.

Provenance

Evidence

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.
3 source identities · 5 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
Ethena documentation for USDe
Published Not yet recorded		Ethena LabsOfficial statement or announcement
Canonical: Issuer Statement		Subject-controlled sourcePrimary sourceEntity Collateral Redemption, Usde Synthetic Dollar Lifecycle Context, Entity Identity, Active Product, Relationship to Usde, Entity and Current StatusArchive index or wildcardHigh
sUSDe rewards mechanism
Published Not yet recorded		EthenaOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceToken Vault, Exchange Rate Accrual, Underlying Usde, Income and Wrapper MechanicsArchive index or wildcardHigh
Staking USDe
Published Not yet recorded		EthenaOfficial documentation or product page
Canonical: Official Documentation		Subject-controlled sourcePrimary sourceStake Usde, Unstake, Variable Rewards, Subscription Redemption and RewardsArchive index or wildcardHigh

Maintenance

Corrections and further reading

Use the documented correction path and methodology.
Submit a correctionMethodologyEvent registerData manifest