# Overview

Ethena's solution has both **Onchain** and **Offchain** composite components & services.

The **Onchain** components include the smart contracts that enable the minting, redeeming, staking, and unstaking of *USDe*.

The **Offchain** components include services that manage the delta hedging positions with respect to deposited backing assets.

<figure><img src="/files/OK144itq2DRTSJh6kuuf" alt=""><figcaption></figcaption></figure>

In order to access the centralized liquidity, explicit trade-offs need to be made for onchain trust assumptions which are detailed in this section.

## Ethena Labs Github

{% embed url="<https://github.com/ethena-labs>" %}

You can read more in the following sections:

* [Minting USDe](/solution-design/minting-usde.md)
* [Staking USDe](/solution-design/staking-usde.md)
* [Backing Asset Custody](/solution-design/backing-asset-custody.md)
* [Hedging System](/solution-design/hedging-system.md)


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