How to deposit USDe to Ethena Earn: Step-by-step guide

How to participate in Ethena Earn

Starting participating Ethena Earn in TON Wallet is very simple.

  1. Open your TON Wallet, tap “Earn” on the main page and then select Ethena on the next screen.

  1. On the Ethena Earn page, tap “Deposit”.

  1. If this is your first time participating in Ethena Earn, you will see a message prompting you to top up your USDe balance. Tap “Top Up”.
  2. Choose how to deposit USDe. You can transfer USDe from another external TON-blockchain wallet or directly via the Ethereum network. The easiest way is to swap the USDT that you have in your TON Wallet for USDe. Read more on how to swap USDT for USDe.


  1. Once you obtain USDe, you will see a dedicated Ethena USDe balance in your TON Wallet. Tap the “Earn” button again, then select Ethena. On the Ethena Earn page, tap “Deposit”.

  1. This will redirect you to the USDe deposit page. Specify the amount of USDe you want to deposit in the “You deposit” field. Below, you can also see the estimated annual yield for the entered amount. Tap “Review deposit”.

Important: The estimated yield is not guaranteed and may fluctuate depending on the protocol’s performance and overall market conditions.


  1. On the next page, you will see the details of your deposit transaction — such as the current yield (APY) and the TON network fee. Review all terms — if you agree, tap “Confirm and Deposit”.


  1. Wait for the transaction to complete. Recording the transaction on the blockchain usually takes a couple of minutes. Once the transfer is completed, you will see a confirmation message.


  1. Done! Now you will see the deposited amount in USDe on the Ethena Earn page.

How to swap USDT for USDe

To participate in Ethena Earn, you need to top up your USDe balance. An easy way to do this is to swap the USDT coins that you have in your TON Wallet for USDe — by following these steps:

  1. On the Ethena Earn page, tap “Deposit”. If this is your first time participating in Ethena Earn, you will see a message prompting you to top up your USDe balance. Tap “Top Up”.

  1. From the top-up options, choose Swap from USDT.

  1. This will redirect you to the USDT-to-USDe exchange page. In the “You swap” field, specify the amount of USDT that you want to convert to USDe for deposit. The “You receive” field will show the amount of USDe you will get after the swap. Tap “Continue”.


  1. On the next page, review your transaction details — such as the current USDT/USDe rate, slippage (i.e. the maximum acceptable rate deviation), and the swap fee. If you agree to all terms, tap “Confirm and Swap”.
  2. Wait for the swap to complete. Recording the transaction on the blockchain usually takes a couple of minutes. Once completed, you will see a confirmation message.


Disclaimer: this article is created for educational purposes only so that it would be easier to understand more about Ethena, a third-party protocol available through TON Wallet.

No communication or information provided to you by us is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice.

You are solely responsible for determining whether any protocol, cryptocurrency, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.

TON Wallet is not affiliated with the protocols mentioned in this article. 

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