Ethena Labs is a unique project on the Ethereum blockchain, offering new financial solutions independent of traditional banks.
Description
Here's how it works:
- USDe (Synthetic Dollar): This is a digital version of the dollar created by Ethena Labs. It's designed to be stable and scalable, made possible by using Ethereum as collateral. This makes USDe resistant to censorship and a great alternative to regular money, especially in the decentralized finance (DeFi) world.
- Internet Bond: A new kind of financial instrument built on USDe. It offers a way to save and invest in a dollar-like asset, combining profits from Ethereum and other financial markets. This Internet Bond is the first of its kind to function as an on-chain savings tool, available globally without needing permission.
In summary, Ethena Labs is revolutionizing finance with its blockchain-based dollar alternative and innovative savings bond, making financial services more transparent, open, and decentralized.
Funding
$14,000,000
$14,000,000
Venture Round
Investors include Dragonfly Capital, Arthur Hayes, Maelstrom among others.
$6,500,000
$6,500,000
Seed Round
Led by Dragonfly Capital Partners. Other investors include Wintermute, OKX, Maelstorm, GSR, Gemini, Franklin Templeton Investments, Deribit, Bybit, BitMex.