Introduction
Holding USDe tokens on UR allows you to earn rewards automatically, with no additional actions required. Simply keep USDe in your UR wallet on the Mantle network, and your rewards will accrue in the background while you continue using UR as usual. Rewards are calculated on a daily basis and distributed weekly directly to your UR wallet. This means your USDe balance can grow over time without interrupting your normal activity on the platform.
USDe is a synthetic U.S. dollar–denominated asset issued by Ethena. It is designed to maintain price stability through a combination of delta-hedged derivatives and short-term U.S. government bonds.
How Are Rewards Earned?
Rewards are accrued daily and paid out weekly every Monday. On a T+1 basis, UR reviews your USDe balance from the previous day and applies the current APY to calculate your daily rewards, allowing your yield to build steadily over time.
Each week, your accumulated rewards are distributed directly to your UR wallet. If your weekly reward amount is less than 1 USDe, it will continue to accumulate and automatically roll over to future weeks until the minimum payout threshold is reached.
FAQ — Hold and Earn USDe Rewards
What is USDe?
USDe is a synthetic U.S. dollar asset issued by Ethena. Unlike traditional stablecoins, USDe is backed by a combination of delta-hedged derivatives positions (perpetual and futures contracts) and short-term U.S. government bond funds, helping to mitigate common risks typically faced by stablecoins. Learn more in Ethena's documentation.
How do I obtain USDe?
You can obtain USDe in three simple ways:
- Perform a permissionless swap directly in the UR App by converting USDC to USDe
- Deposit it from an external wallet into your UR wallet via the Mantle network
Who is eligible for rewards?
All users who have completed KYC and whose accounts remain in good standing.
Is the APY fixed?
No, the APY is not fixed. It may change over time based on market conditions. For the latest details, you can view Ethena's market data dashboard here.
I have USDe in my UR wallet, but I haven't received any rewards. Why?
USDe rewards are distributed every Monday. If you have just started holding USDe, you may need to wait until the next distribution cycle for your first payout. Additionally, if your weekly rewards are less than 1 USDe, they will automatically roll over and continue accumulating until they reach the minimum threshold.
For your security: UR will only contact you from official @ur.app email addresses or through in-app notifications. We will never ask for your password, private keys, or any sensitive credentials via email. If you receive a suspicious message claiming to be from UR, please do not respond and contact our support team immediately.