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Ethena Labs

Ethena Labs

DeFiEthereum EcosystemStablecoin

Ethena is a startup developing the first-ever ‘internet bond’ and a new Ethereum-based stablecoin USDe that achieves stability by hedging price exposure through shorting Ethereum using perpetual swaps, while their savings bond offers individuals worldwide a dollar-denominated savings instrument with the benefits of decentralized finance.

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💰 Funding Rounds

2025-10-01
$14M
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Investors

MEXC Ventures
2025-02-01
$16M
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Investors

MEXC Ventures
Private2025-02-01
$100M
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Investors

Stix
Franklin Templeton
Dragonfly Capital
Pantera Capital
F-Prime Capital
Polychain Capital
2024-02-01
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Lead Investors

YZi Labs (ex Binance Labs)
Strategic2024-02-01
$14M
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Lead Investors

Dragonfly Capital
Maelstrom
Brevan Howard Digital

Investors

YZi Labs (ex Binance Labs)
Kraken Ventures
Franklin Templeton
Gemini Frontier Fund
PayPal Ventures
Deribit
Fidelity Management and Research Company
Seed2023-07-01
$6.50M
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Lead Investors

Dragonfly Capital

Investors

Delphi Digital
Nascent
Wintermute Ventures
Gemini Frontier Fund
Mirana Ventures
Finality Capital
OKX Ventures (ex OKEx Blockdream Ventures)
BitMEX
GSR Markets LTD
No Limit Holdings (NLH)
Lightspeed
HTX (ex Huobi)
ByBit
Deribit
Strobe Ventures (ex BlockTower Capital)
Maelstrom
CMT Digital
Tangent Ventures
Lightspeed Faction