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.