Introducing Ethena’s USDe & sUSDe in Ozean’s Liquidity Generation Event & Oxygen

Ozean, the blockchain for RWA yield being launched by Clearpool, is introducing USDe and sUSDe by Ethena, a synthetic dollar protocol built on Ethereum, in Ozean’s upcoming Liquidity Generation Event (LGE). Depositors will earn extra rewards (Ethena Points) by participating in the LGE, with more details to be revealed soon. USDe and sUSDe are also being integrated into Oxygen (O2), the innovative RWA liquidity layer on Ozean.

Ethena’s USDe & sUSDe

Ethena’s USDe (stablecoin) and sUSDe (yield-bearing) will be integrated into O2 alongside Bitcoin (BTC), Ethereum (ETH), Solana (SOL), tokenized treasuries and yield-bearing tokens. Ethena’s USDe is a synthetic dollar backed by a “delta-neutral” position that goes long spot stETH (and BTC) and simultaneously short an equivalent ETH-PERP (and BTC-PERP) position. The net effect is that both positions offset one another, and therefore USDe is theoretically able to maintain its 1:1 peg.

Ethena’s Staked USDe (sUSDe) is a reward-bearing token that users can obtain by staking their USDe. This token appreciates over time, similar to swETH or rETH, and is designed to maintain its value even in scenarios with negative yields.

Oxygen (O2) — The Innovative RWA Liquidity Layer on Ozean

O2 is a sophisticated liquidity mechanism designed to supply the necessary liquidity to fuel the expansion of the Ozean ecosystem. O2 combines RWAs, tokenized treasuries, liquid crypto assets, and yield-bearing tokens into a unified basket. This basket supports key functionalities like swaps, lending, and collateralization, forming a robust liquidity pool that underpins the Ozean ecosystem.

O2 not only provides liquidity but also generates yield from assets like lending protocol tokens and tokenized treasuries. This yield is reinvested, enhancing liquidity and providing additional earning opportunities for contributors.

Ozean revolutionizes DeFi by seamlessly integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically. Ozean is a permissionless Ethereum Layer 2 featuring an optional compliance layer, designed to foster interoperability among permissioned protocols. This enables the creation of a robust ecosystem where RWAs can be traded or used as collateral with enhanced functionalities.

One of Oxygen’s key features is its dynamic rebalancing mechanism, which ensures the liquidity pool’s assets remain aligned with target allocations. As the weightage of O2 takes shape, visit the first Ozean Improvement Proposal (OIP 001), which proposes the ideal weighing of assets for the initial launch of the Oxygen. Stay tuned for more announcements regarding upcoming asset integrations in the coming weeks.

About Ozean

Ozean is the blockchain for RWA yield being launched by Clearpool. Ozean revolutionizes DeFi by seamlessly integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically. Launched in March 2022, Clearpool has originated over US$620 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others.
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