# Ethena USDe (USDe) — SII Risk Score

**Score:** 84.84
**Grade:** A-
**Components:** 63
**Last updated:** 2026-08-19 22:02:08.690192+00:00
**Methodology version:** v1.2.0

## Market data

- Price: $0.9998
- Market cap: $4,073,339,329
- 24h volume: $61,718,351
- Daily change: +6.02
- Weekly change: +2.25

## Category breakdown

| Category | Score |
|----------|-------|
| Peg stability | 99.3 |
| Liquidity depth | 65.9 |
| Mint/burn dynamics | 95.2 |
| Holder distribution | 69.1 |
| Structural risk | 72.2 |

### Structural sub-scores

| Sub-category | Score |
|-------------|-------|
| Reserves | 37.5 |
| Smart contract | 94.2 |
| Oracle integrity | 0.0 |
| Governance | 59.1 |
| 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.