
Market makers and arbitrageurs extract hundreds millions every year. For the first time, we’re giving this edge back to the community — and turning it into a new category of yield-bearing money.
Market makers and arbitrageurs extract hundreds millions every year. For the first time, we’re giving this edge back to the community — and turning it into a new category of yield-bearing money.
Market makers and arbitrageurs extract hundreds millions every year. For the first time, we’re giving this edge back to the community — and turning it into a new category of yield-bearing money.
Solution
Solution
Solution
|
|
|
|

Strategies
Tokenize high-barrier delta-neutral strategies from MM and arbitrage → vaults accessible to all.

Strategies
Tokenize high-barrier delta-neutral strategies from MM and arbitrage → vaults accessible to all.

Strategies
Tokenize high-barrier delta-neutral strategies from MM and arbitrage → vaults accessible to all.

Flagship product
A yield-bearing stablecoin backed by the best-performing, most liquid vaults with strong Sharpe ratios.

Flagship product
A yield-bearing stablecoin backed by the best-performing, most liquid vaults with strong Sharpe ratios.

Flagship product
A yield-bearing stablecoin backed by the best-performing, most liquid vaults with strong Sharpe ratios.

Outcome
Higher yield for the community. More efficient and liquid on-chain markets. Capture value currently extracted by private firms and return it to users.

Outcome
Higher yield for the community. More efficient and liquid on-chain markets. Capture value currently extracted by private firms and return it to users.

Outcome
Higher yield for the community. More efficient and liquid on-chain markets. Capture value currently extracted by private firms and return it to users.




Strategies
Strategies
Strategies
Strategies
Strategies
Strategies
Our strategies leverage cross-market inefficiencies and on-chain data to deliver consistent, market-neutral performance across DeFi and CeFi ecosystems.
Our strategies leverage cross-market inefficiencies and on-chain data to deliver consistent, market-neutral performance across DeFi and CeFi ecosystems.
Our strategies leverage cross-market inefficiencies and on-chain data to deliver consistent, market-neutral performance across DeFi and CeFi ecosystems.
Cross-venue arbitrage (DEX–DEX, DEX–CEX)
Captures price discrepancies across decentralized and centralized venues in real time.
Cross-venue arbitrage (DEX–DEX, DEX–CEX)
Captures price discrepancies across decentralized and centralized venues in real time.
Cross-venue arbitrage (DEX–DEX, DEX–CEX)
Captures price discrepancies across decentralized and centralized venues in real time.
Funding-rate arbitrage with leverage
Exploits perpetual futures funding differentials while maintaining delta neutrality.
Funding-rate arbitrage with leverage
Exploits perpetual futures funding differentials while maintaining delta neutrality.
Funding-rate arbitrage with leverage
Exploits perpetual futures funding differentials while maintaining delta neutrality.
CEX orderbook market-making
Provides liquidity and earns spreads through dynamic, risk-adjusted quoting.
CEX orderbook market-making
Provides liquidity and earns spreads through dynamic, risk-adjusted quoting.
CEX orderbook market-making
Provides liquidity and earns spreads through dynamic, risk-adjusted quoting.
Advanced execution / MEV-aware strategies
Optimizes order flow to minimize slippage and protect against MEV extraction.
Advanced execution / MEV-aware strategies
Optimizes order flow to minimize slippage and protect against MEV extraction.
Advanced execution / MEV-aware strategies
Optimizes order flow to minimize slippage and protect against MEV extraction.



Transperancy
Transperancy
Transperancy
Transperancy
We maintain full transparency about our strategies, performance, and asset allocation, ensuring users always understand how their funds are managed.
We maintain full transparency about our strategies, performance, and asset allocation, ensuring users always understand how their funds are managed.
Protocol Backing Ratio
100.65%
Protocol Backing Ratio
100.65%
Protocol Backing Ratio
100.65%
Total Backing (+ Reserve Fund)
$10.72B
Total Backing (+ Reserve Fund)
$10.72B
Total Backing (+ Reserve Fund)
$10.72B
USDe Total Supply
10.65B
USDe Total Supply
10.65B
USDe Total Supply
10.65B
USDe Price
$1.000
USDe Price
$1.000
USDe Price
$1.000

Market makers and arbitrageurs extract hundreds millions every year. For the first time, we’re giving this edge back to the community — and turning it into a new category of yield-bearing money.
Market makers and arbitrageurs extract hundreds millions every year. For the first time, we’re giving this edge back to the community — and turning it into a new category of yield-bearing money.
Market makers and arbitrageurs extract hundreds millions every year. For the first time, we’re giving this edge back to the community — and turning it into a new category of yield-bearing money.
Solution
Solution
Solution
|
|
|
|

Strategies
Tokenize high-barrier delta-neutral strategies from MM and arbitrage → vaults accessible to all.

Strategies
Tokenize high-barrier delta-neutral strategies from MM and arbitrage → vaults accessible to all.

Strategies
Tokenize high-barrier delta-neutral strategies from MM and arbitrage → vaults accessible to all.

Flagship product
A yield-bearing stablecoin backed by the best-performing, most liquid vaults with strong Sharpe ratios.

Flagship product
A yield-bearing stablecoin backed by the best-performing, most liquid vaults with strong Sharpe ratios.

Flagship product
A yield-bearing stablecoin backed by the best-performing, most liquid vaults with strong Sharpe ratios.

Outcome
Higher yield for the community. More efficient and liquid on-chain markets. Capture value currently extracted by private firms and return it to users.

Outcome
Higher yield for the community. More efficient and liquid on-chain markets. Capture value currently extracted by private firms and return it to users.

Outcome
Higher yield for the community. More efficient and liquid on-chain markets. Capture value currently extracted by private firms and return it to users.




Strategies
Strategies
Strategies
Strategies
Strategies
Strategies
Our strategies leverage cross-market inefficiencies and on-chain data to deliver consistent, market-neutral performance across DeFi and CeFi ecosystems.
Our strategies leverage cross-market inefficiencies and on-chain data to deliver consistent, market-neutral performance across DeFi and CeFi ecosystems.
Our strategies leverage cross-market inefficiencies and on-chain data to deliver consistent, market-neutral performance across DeFi and CeFi ecosystems.
Cross-venue arbitrage (DEX–DEX, DEX–CEX)
Captures price discrepancies across decentralized and centralized venues in real time.
Cross-venue arbitrage (DEX–DEX, DEX–CEX)
Captures price discrepancies across decentralized and centralized venues in real time.
Cross-venue arbitrage (DEX–DEX, DEX–CEX)
Captures price discrepancies across decentralized and centralized venues in real time.
Funding-rate arbitrage with leverage
Exploits perpetual futures funding differentials while maintaining delta neutrality.
Funding-rate arbitrage with leverage
Exploits perpetual futures funding differentials while maintaining delta neutrality.
Funding-rate arbitrage with leverage
Exploits perpetual futures funding differentials while maintaining delta neutrality.
CEX orderbook market-making
Provides liquidity and earns spreads through dynamic, risk-adjusted quoting.
CEX orderbook market-making
Provides liquidity and earns spreads through dynamic, risk-adjusted quoting.
CEX orderbook market-making
Provides liquidity and earns spreads through dynamic, risk-adjusted quoting.
Advanced execution / MEV-aware strategies
Optimizes order flow to minimize slippage and protect against MEV extraction.
Advanced execution / MEV-aware strategies
Optimizes order flow to minimize slippage and protect against MEV extraction.
Advanced execution / MEV-aware strategies
Optimizes order flow to minimize slippage and protect against MEV extraction.



Transperancy
Transperancy
Transperancy
Transperancy
We maintain full transparency about our strategies, performance, and asset allocation, ensuring users always understand how their funds are managed.
We maintain full transparency about our strategies, performance, and asset allocation, ensuring users always understand how their funds are managed.
Protocol Backing Ratio
100.65%
Protocol Backing Ratio
100.65%
Protocol Backing Ratio
100.65%
Total Backing (+ Reserve Fund)
$10.72B
Total Backing (+ Reserve Fund)
$10.72B
Total Backing (+ Reserve Fund)
$10.72B
USDe Total Supply
10.65B
USDe Total Supply
10.65B
USDe Total Supply
10.65B
USDe Price
$1.000
USDe Price
$1.000
USDe Price