About sUSDe
sUSDe is Ethena's reward-bearing version of USDe. It represents staked USDe and is designed to accrue value over time.
Ethena is a crypto-native dollar protocol on Ethereum. USDe is its synthetic dollar, while sUSDe is the savings asset users receive when they stake USDe.
In Strip, sUSDe is the deposit asset for this vault. Depositing it mints ptsUSDE, the principal token for this market.