Updated September 29, 2026 · HodlCue Editorial Team
Ethena (sUSDe) vs Kraken Staking
Kraken Staking
Higher score in this comparison
Ethena (sUSDe)
Ethena (sUSDe) vs Kraken Staking: the differences
| Compare | Ethena (sUSDe)ReviewSee alternativesSee alternatives | Kraken StakingReviewVisitVisit |
|---|---|---|
| Supported assets | USDe | ATOM, SCRT, KSM, DYM, FLOW, MON, KAVA, XTZ, INJ, GRT, AVAX, TIA, NEAR, SOL, SEI, TRX, POL, DOT, ETH, HYPE, SUI, BNB, BTC, ADA, MINA, TAO, FLOWH, AKT, ALGO, APT, CELO, CSPR, CTC, CTSI, DASH, DCR |
| Lock-up terms | no lockup | None for flexible (unstake any time); bonded has a lock-in period (e.g. 21D for ATOM) |
| Custody | Non custodial | Custodial |
| Yield | Not confirmed | 0.1% to 21% |
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Key differences
- Supported assets: only Ethena (sUSDe) offers USDe.
- Supported assets: only Kraken Staking offers ATOM, SCRT, KSM.
- Support channels: only Kraken Staking offers Phone, Community.
Our verdict on each
Ethena (sUSDe)
Ethena's sUSDe runs on USDe alone, with non custodial custody and no lockup, which suits holders who keep their own wallet and want a single liquid dollar position rather than a long coin list. The trade-off is reach, since self-custody covers just 7.1% of the earn category.
Kraken Staking
Kraken Staking suits holders who want to earn on proof-of-stake coins without handling their own keys, with rates running 0.1% to 21%. Flexible staking has no lock-in, liquid staking is listed, and Payward Europe Solutions Limited is licensed by the Central Bank of Ireland MiCA CASP 9845003D98SCC2851458.
Score breakdown
| Area | Ethena (sUSDe) | Kraken Staking |
|---|---|---|
| Offer | Not confirmed | 9.2 |
| Trust | Not confirmed | 10.0 |
How they place
| Ranking | Ethena (sUSDe) | Kraken Staking |
|---|---|---|
| Crypto staking and earn | 129 of 179 | 6 of 179 |
Every fact side by side
| Fact | Ethena (sUSDe) | Kraken Staking |
|---|---|---|
| Features | Liquid staking | Liquid staking |
| Legal entity | Not confirmed | Payward Europe Solutions Limited |
| Headquarters | Not confirmed | Ireland |
| Founded | Not confirmed | 2011 |
| Support channels | Help centre | Help centre, Phone, CommunityCovers more |
Where each stands against the rest
| Fact | Ethena (sUSDe) | Kraken Staking | Median |
|---|---|---|---|
| Yield | Not confirmed | 0.1% to 21%highest quarter | 8 |
Median across 69 listed providers.
Pros and cons
Ethena (sUSDe)
Pros
- Non-custodial setup, recorded as non custodial, so control of the tokens stays with the holder.
- no lockup means the earning position can be moved without serving a fixed term.
- Liquid staking, tagged as liquid staking, keeps the token usable while it earns, and 28.4% of the earn category works the same way.
Cons
- Support runs on a help centre only, so questions get answered in writing rather than live.
- Only USDe is supported, so a wider coin spread is out of reach here.
- Self-custody puts wallet handling on the holder, and just 7.1% of the earn category sits on that model.
Kraken Staking
Pros
- Flexible staking has no lock-in, while bonded staking adds one, so you choose how quickly you can exit.
- A long supported list, ATOM, SCRT and KSM, puts major assets and newer layer-one coins in one account.
- Support runs through help centre, phone and community, so a phone line sits alongside the help centre and the community.
Cons
- Custody is custodial, custodial: the exchange holds the staked coins, so every staked position depends on one operator.
- Lock-up terms differ by plan: flexible staking has none, while bonded staking carries a lock-in period, so a quick exit depends on the plan.
- Rates run 0.1% to 21%, a wide spread, so a headline figure says little about what a given coin pays.
Who each suits
Ethena (sUSDe)
Who it suits
- Holders who already run their own wallet and want stablecoin yield that carries no lockup.
- Savers comfortable with a single-asset product, since USDe is the only coin on offer.
- Users who can work through written answers in the help centre without live help.
Who should look elsewhere
- Bit2Me, whose earn account covers BTC, ETH and B2M, for anyone wanting several coins at once.
- bunq Crypto Spain, which lists TAO, ADA and TIA under staking, for a far wider coin spread.
- VaultLeap, which centres its earn account on USDC, for a plain single-coin product without the liquid staking layer.
Kraken Staking
Who it suits
- Holders of coins in ATOM, SCRT and KSM who want a steady return without moving keys off the exchange they already use.
- Long-term holders comfortable leaving staked coins in custodial form, custodial, and letting the exchange run the validator side.
- EU customers who want a staking product from an operator licensed by the Central Bank of Ireland, MiCA CASP 9845003D98SCC2851458, and in Austria.
Who should look elsewhere
- Not for people who want to hold their own keys, since custody is custodial, custodial. VaultLeap is a different route, built around USDC outside an exchange.
- Not for anyone chasing the highest end of the rate range who would rather have a tighter band, where Bit2Me, 0.5% to 19.2%, may suit better.
- bunq Crypto Spain fits those who want a euro bank account alongside a stated return of 8.25% rather than a long staking list.
Questions about each
Ethena (sUSDe)
What does Ethena's sUSDe hold, and how many coins can be earned on?+
sUSDe is built around a single coin. The supported assets are listed as USDe, so the yield position covers that token only, with no spread across a wider coin list the way broader earn accounts offer.
Who controls the tokens, and what does the custody setup mean for safety?+
Custody is recorded as non custodial, so the tokens sit outside a custodial account and the holder keeps control of them. That shift moves responsibility to the holder's own setup, and self-custody products make up 7.1% of the earn category.
Kraken Staking
What yield does Kraken Staking pay?+
The listed rates run 0.1% to 21% across the supported coins, with the higher figures attached to a smaller group of assets. Because the range is wide, it is worth checking the number for the coin you actually hold rather than reading the top as typical.
Which coins can I stake?+
The supported list is long: ATOM, SCRT and KSM. Major assets sit alongside liquid-staking and layer-one tokens, so a portfolio can be spread across chains rather than concentrated in one. Availability depends on the coin, and each carries its own rate, which is why the 0.1% to 21% range is so wide.
Other options to compare
Kraken Staking
Ethena (sUSDe)