reUSDe is a token deployed on Base at address 0xddc0f880ff6e4e22e4b74632fbb43ce4df6ccc5a. Based on its naming convention and market structure, it functions as a liquid restaking derivative of Ethena’s USDe, designed to capture additional yield from restaking protocols while maintaining exposure to the underlying synthetic dollar.
The token currently shows active Pendle markets on Ethereum (chain ID 1) rather than on Base, with two distinct maturity dates in December 2025 and June 2026. These markets exhibit high implied APYs ranging from approximately 16.7% to 39.2%, with total value locked exceeding $6 million across both contracts. The yield structure is heavily influenced by "Re" and "Re Points" programs, indicating that a portion of the returns is tied to restaking incentives or protocol-specific point distributions.
Despite its presence in Pendle’s yield-splitting ecosystem, reUSDe currently lacks visible liquidity pools on Aerodrome or participation in Base-native vote markets. Decimals and spot USD pricing are not yet confirmed in the provided data, which may reflect early deployment status or limited indexing coverage. LPs should verify the token’s exact mechanics and cross-chain bridge status before providing liquidity.