# Overview Ethena's solution has both **Onchain** and **Offchain** composite components & services. The **Onchain** components include the smart contracts that enable the minting, redeeming, staking, and unstaking of *USDe*. The **Offchain** components include services that manage the delta hedging positions with respect to deposited backing assets. <figure><img src="/files/OK144itq2DRTSJh6kuuf" alt=""><figcaption></figcaption></figure> In order to access the centralized liquidity, explicit trade-offs need to be made for onchain trust assumptions which are detailed in this section. ## Ethena Labs Github {% embed url="<https://github.com/ethena-labs>" %} You can read more in the following sections: * [Minting USDe](/solution-design/minting-usde.md) * [Staking USDe](/solution-design/staking-usde.md) * [Backing Asset Custody](/solution-design/backing-asset-custody.md) * [Hedging System](/solution-design/hedging-system.md)

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