Staked Ethena USDe

sUSDe, USDe put into Ethena's savings contract, where it collects the protocol's revenue: the funding paid on the short futures that hedge the collateral, lending income, and rewards on the stablecoins and short-dated government debt held alongside them. Nothing is paid out as extra tokens. The revenue accrues inside the contract, so one sUSDe comes to redeem for more USDe over time while the balance in the wallet stays where it was. Unstaking returns USDe after a cooldown period.