Ethena tsUSDe

tsUSDe is a special version of sUSDe deployed on TON

## Overview Ethena tsUSDe is a variant of sUSDe—the staked version of Ethena's USDe stablecoin—that has been ported to the TON blockchain. USDe itself is a delta-neutral stablecoin backed by spot Ethereum and short perpetual futures positions, designed to generate yield without traditional collateral requirements. tsUSDe extends this model to TON, allowing users on that network to access a stablecoin that combines stability with built-in yield generation. The tool serves operators and liquidity providers who need exposure to a yield-bearing stablecoin on the TON ecosystem. Rather than holding