# Ethena USDe (USDe) — SII Risk Score

**Score:** 72.32
**Grade:** B
**Components:** 62
**Last updated:** 2026-04-22 11:23:46.034391+00:00
**Methodology version:** v1.1.0

## Market data

- Price: $0.9991
- Market cap: $4,620,847,633
- 24h volume: $471,371,241
- Daily change: -1.51
- Weekly change: -5.10

## Category breakdown

| Category | Score |
|----------|-------|
| Peg stability | 89.0 |
| Liquidity depth | 79.7 |
| Mint/burn dynamics | 33.7 |
| Holder distribution | 68.7 |
| Structural risk | 70.5 |

### Structural sub-scores

| Sub-category | Score |
|-------------|-------|
| Reserves | 0.0 |
| Smart contract | 94.2 |
| Oracle integrity | 0.0 |
| Governance | 59.4 |
| Network/chain | 90.0 |

## Provenance

- Computation: https://basisprotocol.xyz/proof/sii/usde
- Evidence: https://basisprotocol.xyz/witness
- API: https://basisprotocol.xyz/api/scores/usde

## Data license

All data at basisprotocol.xyz is free to reference with attribution.
For commercial redistribution, contact shlok@basisprotocol.xyz.