Ethena USDe Unlock Schedule
USDe supply expands and contracts through minting and redemption rather than on a schedule, with no cap and no emission curve. We have not recorded scheduled unlocks for Ethena USDe.
Verified How we verify
Key facts
| Emission model | Inflationary |
|---|---|
| Circulating supply | 4.3B USDE |
| Maximum supply | No fixed cap |
Upcoming unlocks
We have not verified a token unlock schedule for Ethena USDe.
Supply and emission
USDe supply expands and contracts through minting and redemption rather than on a schedule, with no cap and no emission curve. Ethena's documentation describes minting as creating synthetic dollars and redeeming as exchanging them for the collateral assets, and directs ordinary holders to acquire USDe on decentralized and centralized markets instead. Direct mint and redeem access is restricted to approved counterparties. No allocation sits under a dated vesting schedule.
Frequently Asked Questions
- Where does this data come from?
- Unlock dates and amounts are taken from Ethena USDe's own project documentation and recorded by RampAtlas. This page was verified on September 2, 2026.