Ethena Labs

Enabling the Global Internet Bond_

General Information
Company Name
Ethena Labs
Founded Year
2023
Location (Offices)
Portugal +1
Founders / Decision Makers
Number of Employees
18
Industries
Blockchain, Crypto
Funding Stage
Seed
Social Media

Ethena Labs - Company Profile

Ethena Labs, founded in 2023 and headquartered in Portugal, is a blockchain and crypto startup with the slogan "Enabling the Global Internet Bond." The company has recently secured a significant investment of $14.00M in a Seed Round, led by prominent investors including Galaxy Digital, Hashed, Franklin Templeton Venture Capital, Avon Ventures, Brevan Howard, Dragonfly, Maelstrom, Philip Morris, and Arthur Hayes. Ethena is focused on providing a solution for money that is not reliant on traditional banking infrastructure through its synthetic dollar protocol built on Ethereum. The company's USDe, a crypto-native solution for money, is fully backed and free to compose throughout CeFi & DeFi. Ethena ensures the peg stability of USDe through delta hedging derivatives positions against protocol-held collateral, maintaining a relatively stable value with reference to the value spot crypto assets as well as futures positions. The company's flagship offering, the 'Internet Bond', combines revenue from staked assets, such as staked Ethereum, and the funding & basis spread from perpetual and futures markets. This creates the first on-chain crypto-native solution for money, providing a globally accessible dollar denominated rewards instrument. Ethena's innovative approach and strong backing from key investors position it as a notable player in the blockchain and crypto industries, with the potential to make a significant impact on the global financial landscape.

Taxonomy: Cryptocurrency, DeFi, Stablecoin, Synthetic assets, Derivatives trading, Financial infrastructure, Decentralized finance, Crypto-native solutions, Ethereum protocol, Crypto-backed assets, Global financial markets, Yield-bearing assets, Delta hedging, Smart contract development

Funding Rounds & Investors of Ethena Labs (2)

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Funding Stage Amount No. Investors Investors Date
Seed Round $14.00M 9 philip morris, Arthur Hayes 16 Feb 2024
Seed Round $6.50M 1 17 Jul 2023

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