Ethena Expands to BNB Chain via PancakeSwap, Venus, and Pendle

Ethena, a synthetic dollar protocol built on Ethereum, has officially deployed its USDe and sUSDe assets onto the BNB Chain network. The deployment connects Ethena to three key DeFi protocols, including PancakeSwap, Venus Protocol, and Pendle Finance. The integration allows BNB Chain users to securely access all Ethena’s USDe synthetic dollars and staked USDe (sUSDe) products.

USDe has officially launched on @bnbchain

USDe and sUSDe go live on @PancakeSwap, @VenusProtocol, and @pendle_fi BNB deployment

Users can swap, lend, and save with Ethena assets on BNB Chain pic.twitter.com/7lNteUrTxs

— Ethena Labs (@ethena_labs) April 4, 2025

PancakeSwap users can perform USDe/USDT and sUSDe/USDe trades with 30x Ethena rewards and CAKE emissions through liquidity pools that apply standard trading fees. Ethena assets have entered BNB Chain’s largest decentralized exchange through these trading pairs.

Ethena’s Integration with Venus Protocol and Pendle on BNB Chain

The deployment of USDe and sUSDe on Venus Protocol awaits final approval from the network governor. Users who place their assets into deposits can obtain between 5x and 20x Ethena rewards. The protocol enables users to employ both assets for collateral purposes and boost their borrowing possibilities once final authorization is given.

Implementing Pendle on BNB Chain allows users to trade sUSDe tokens in the market. The Pendle platform enables traders to trade floating rate and obtain fixed yield possibilities. The Ethena rewards combined with sUSDe APY will be available for Yield Token (YT) holders and liquidity providers across these markets at 30x rates. The collaboration between Venus and Pendle should include implementing Pendle’s Principal Tokens (PTs) as eligible collateral assets.

BNB Chain Reach and Bridging Capabilities

Ethena’s BNB Chain integration extends user access to its ecosystem through one of the major Layer-1 blockchain networks. The expansion enables Ethena to strengthen its position in top DeFi environments through its extensive user base of daily addresses and diverse developer network.

Users can perform transfers of USDe and sUSDe between Stargate Finance and BNB Chain. The combination of interoperability allows users free access to participate in fixed yield earnings and lending alongside trading Ethena assets across different platforms on BNB.