Yield Strategy Optimization Report: Ethena USDe Target Protocol : Ethena USDe (TVL: $4634.5M) Yield Strategy Optimization Report – Ethena USDe Prepared by: [Your Firm] – Senior DeFi Security Research & Auditing Team Date: 22 Oct 2026 1. Executive Summary Ethena USDe is a USD‑pegged stablecoin built on Ethereum and multiple L2 roll‑ups (Arbitrum, Optimism, zkSync). The protocol aggregates user deposits into a suite of yield‑generating strategies (e.g., l...