TARM · Tokenized Asset Risk Metrics · All assets
Ethena USDe (USDE)
Synthetic Asset · issued by Ethena Labs · Ethereum
4
High Risk · Grade D
TARM composite · driven by the highest-risk pillar
FLOG dimensions — 1 is lowest risk, 5 is highest
| Financial | 4 / 5 — High |
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| Legal | 4 / 5 — High |
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| Operational | 3 / 5 — Moderate |
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| Governance | 3 / 5 — Moderate |
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| Backing | Delta-hedged crypto collateral (synthetic dollar) |
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| Jurisdiction | Portugal |
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| Primary source | Ethena Labs |
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