# Ethena ## Ethena Labs - [Ethena Overview](https://docs.ethena.fi/overview/ethena-overview.md): //Enabling Internet Money - [Genesis Story](https://docs.ethena.fi/overview/genesis-story.md) - [How USDe Works](https://docs.ethena.fi/overview/how-usde-works.md): A crypto-native synthetic dollar utilizing spot assets as backing, onchain custody, and centralized liquidity venues - [Size of the Opportunity](https://docs.ethena.fi/overview/size-of-the-opportunity.md): Providing a crypto-native synthetic dollar and the first "internet bond" is not only the largest challenge in the space but the largest opportunity. - [Off Exchange Custody](https://docs.ethena.fi/overview/off-exchange-custody.md) - [USDtb](https://docs.ethena.fi/overview/usdtb.md) - [ENA](https://docs.ethena.fi/overview/ena.md) - [Tokenomics](https://docs.ethena.fi/overview/ena/tokenomics.md) - [Ethena Whitelabel](https://docs.ethena.fi/overview/ethena-whitelabel.md) - [Overview](https://docs.ethena.fi/backing-assets/overview.md) - [Crypto Basis Trade](https://docs.ethena.fi/backing-assets/crypto-basis-trade.md) - [Delta-Neutral Stability](https://docs.ethena.fi/backing-assets/crypto-basis-trade/delta-neutral-stability.md) - [Delta-Neutral Examples](https://docs.ethena.fi/backing-assets/crypto-basis-trade/delta-neutral-examples.md) - [Non-Crypto Basis Trade](https://docs.ethena.fi/backing-assets/non-crypto-basis-trade.md) - [DeFi Lending](https://docs.ethena.fi/backing-assets/defi-lending.md) - [Institutional Lending](https://docs.ethena.fi/backing-assets/institutional-lending.md) - [Real World Assets (RWA)](https://docs.ethena.fi/backing-assets/real-world-assets-rwa.md) - [Liquid Stablecoins](https://docs.ethena.fi/backing-assets/liquid-stablecoins.md) - [Protocol Revenue](https://docs.ethena.fi/backing-assets/protocol-revenue.md) - [Rewards Mechanism](https://docs.ethena.fi/protocol-overview/rewards-mechanism.md): How sUSDe accrues discretionary rewards - [Underlying Derivatives](https://docs.ethena.fi/protocol-overview/underlying-derivatives.md) - [Futures vs Perpetuals](https://docs.ethena.fi/protocol-overview/underlying-derivatives/futures-vs-perpetuals.md): Comparison of derivative contract types - [Inverse vs Linear Contracts](https://docs.ethena.fi/protocol-overview/underlying-derivatives/inverse-vs-linear-contracts.md) - [Basis Spread](https://docs.ethena.fi/protocol-overview/underlying-derivatives/basis-spread.md) - [Peg Arbitrage Mechanism](https://docs.ethena.fi/protocol-overview/peg-arbitrage-mechanism.md) - [Scenario Analysis](https://docs.ethena.fi/protocol-overview/scenario-analysis.md): Understanding how price movements in BTC impact USDe - [Risks](https://docs.ethena.fi/protocol-overview/risks.md): Synthetic dollar vs fiat and RWA backed stablecoins - [Funding Risk](https://docs.ethena.fi/protocol-overview/risks/funding-risk.md) - [Liquidation Risk](https://docs.ethena.fi/protocol-overview/risks/liquidation-risk.md) - [Custodial Risk](https://docs.ethena.fi/protocol-overview/risks/custodial-risk.md) - [Exchange Failure Risk](https://docs.ethena.fi/protocol-overview/risks/exchange-failure-risk.md) - [Backing Assets Risk](https://docs.ethena.fi/protocol-overview/risks/backing-assets-risk.md) - [Stablecoin-Related Risks](https://docs.ethena.fi/protocol-overview/risks/stablecoin-related-risks.md) - [Margin Collateral Risks](https://docs.ethena.fi/protocol-overview/risks/margin-collateral-risks.md) - [Governance](https://docs.ethena.fi/protocol-overview/governance.md) - [Risk Committee](https://docs.ethena.fi/protocol-overview/governance/risk-committee.md) - [Reserve Fund](https://docs.ethena.fi/protocol-overview/reserve-fund.md): Additional margin of safety - [Overview](https://docs.ethena.fi/backing-custody-and-security/overview.md): A focus on security & control - [Off-Exchange Settlement in detail](https://docs.ethena.fi/backing-custody-and-security/overview/off-exchange-settlement-in-detail.md): Secured asset custody - [Copper Clearloop Case Study](https://docs.ethena.fi/backing-custody-and-security/overview/copper-clearloop-case-study.md) - [Backing Asset Custody](https://docs.ethena.fi/backing-custody-and-security/backing-asset-custody.md) - [Real-Time Dashboards](https://docs.ethena.fi/backing-custody-and-security/real-time-dashboards.md) - [Overview](https://docs.ethena.fi/technical-design/overview.md) - [Github Overview](https://docs.ethena.fi/technical-design/overview/github-overview.md): Summary of Ethena Core Contracts - [Key Trust Assumptions](https://docs.ethena.fi/technical-design/key-trust-assumptions.md) - [Matrix of Multisig and Timelocks](https://docs.ethena.fi/technical-design/key-trust-assumptions/matrix-of-multisig-and-timelocks.md): Transparency on the role of the multisig - [Minting USDe](https://docs.ethena.fi/technical-design/minting-usde.md): The genesis of USDe - [Order Validity Checks](https://docs.ethena.fi/technical-design/minting-usde/order-validity-checks.md): Ensures only orders at fair prices are submitted on chain - [User Security Measures](https://docs.ethena.fi/technical-design/minting-usde/user-security-measures.md) - [Mint & Redeem Key Functions](https://docs.ethena.fi/technical-design/minting-usde/mint-and-redeem-key-functions.md): Important functions of the mint and redeem smart contract - [Mint and Redeem Contract V2](https://docs.ethena.fi/technical-design/minting-usde/mint-and-redeem-contract-v2.md) - [Staking USDe](https://docs.ethena.fi/technical-design/staking-usde.md) - [Staking Key Functions](https://docs.ethena.fi/technical-design/staking-usde/staking-key-functions.md): Important functions of the staking smart contract - [User Security Measures](https://docs.ethena.fi/technical-design/staking-usde/user-security-measures.md) - [Use of Oracles](https://docs.ethena.fi/technical-design/use-of-oracles.md) - [Hedging System](https://docs.ethena.fi/technical-design/hedging-system.md): Risk Management, Pricing, Trading, and Backing Orchestration - [Internal Services](https://docs.ethena.fi/technical-design/hedging-system/internal-services.md) - [Managing Risk from dependencies](https://docs.ethena.fi/technical-design/hedging-system/managing-risk-from-dependencies.md) - [Key Addresses](https://docs.ethena.fi/technical-design/key-addresses.md) - [Overview](https://docs.ethena.fi/api-documentation/overview.md): Ethena Minting Documentation - [How to Buy USDe](https://docs.ethena.fi/video-guides/how-to-buy-usde.md): USDe can be acquired on the secondary market or minted directly through the Ethena protocol. - [How to Stake USDe](https://docs.ethena.fi/video-guides/how-to-stake-usde.md): Staking USDe enables holders to receive the protocol's generated rewards - [How to Stake ENA](https://docs.ethena.fi/video-guides/how-to-stake-ena.md): Staking ENA enables holders to receive the protocol's generated rewards - [How to \[Un\]lock positions](https://docs.ethena.fi/video-guides/how-to-un-lock-positions.md): Locking tokens and positions enables holders to receive the protocol's generated rewards - [Custodian Attestations](https://docs.ethena.fi/resources/custodian-attestations.md) - [FAQ](https://docs.ethena.fi/resources/faq.md): Frequently Asked Questions - [Data Repository](https://docs.ethena.fi/resources/data-repository.md): Repository for data related questions - [USDe + sUSDe Custodian Availability](https://docs.ethena.fi/resources/usde-+-susde-custodian-availability.md) - [USDe Exchange Collateral Availability](https://docs.ethena.fi/resources/usde-exchange-collateral-availability.md) - [Audits](https://docs.ethena.fi/resources/audits.md): Security is the most important focus - [Media Assets](https://docs.ethena.fi/resources/media-assets.md) - [General Risk Disclosures](https://docs.ethena.fi/resources/general-risk-disclosures.md) - [Privacy Policy](https://docs.ethena.fi/resources/privacy-policy.md) - [Terms of Service](https://docs.ethena.fi/resources/terms-of-service.md) - [USDe Terms and Conditions](https://docs.ethena.fi/resources/usde-terms-and-conditions.md): These Terms and Conditions Apply To All Users - [USDe Mint User Agreement](https://docs.ethena.fi/resources/usde-mint-user-agreement.md) - [Testnet](https://docs.ethena.fi/resources/testnet.md): Resources for testing Ethena smart contracts --- # Agent Instructions This documentation is published with GitBook. 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