Ethena Labs

📍 Lisbon, Portugal🗓 Founded 2023👥 16 employees💰 Last funded Mar 2025
Technology, Information and Internet🌐 ethena.fi
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Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated rewards instrument - the Internet Bond. Ethenas synthetic dollar, USDe, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDe is fully-backed and free to compose throughout CeFi & DeFi. USDe peg stability is supported through the use of 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 Internet Bond combines revenue derived from staked assets (e.g., staked Ethereum), to the extent used as backing assets, as well as the funding & basis spread from perpetual and futures markets, to create the first onchain crypto-native solution for money.
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Total investors
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Early stage
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2023
Founded

Investors

1 investors
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Investor geography1 country
United Arab Emirates
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Frequently asked questions
Who invested in Ethena Labs?
Ethena Labs has 1 investors on record on gritt.io, including 1 early-stage backers.
When did Ethena Labs last raise funding?
The most recent investment in Ethena Labs recorded on gritt.io was in March 2025.
When was Ethena Labs founded?
Ethena Labs was founded in 2023.
What industry is Ethena Labs in?
Ethena Labs operates in Technology, Information and Internet. Find similar Technology, Information and Internet investors on gritt.io.
Where is Ethena Labs based?
Ethena Labs is headquartered in Lisbon, Portugal.