Ethena Labs is building the first crypto-based reward-accruing synthetic dollar protocol. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, GMX, Zircuit, Chainlink and Kaiko. We are backed by every major exchange and trading entities in the space.

We are building two interlinked products: a crypto-native synthetic dollar (USDe) and an Internet Bond (sUSDe) accruing rewards via a delta-neutral derivatives portfolio.

We believe creating a synthetic dollar which is not reliant on existing banking infrastructure is the single most important problem to solve and the largest opportunity in crypto today.

USDe will form the first part of a broader ecosystem of products we are building including fixed and floating rate Internet bonds and composable repo markets.

Join us!!

Ethena Labs is building the first crypto-based reward-accruing synthetic dollar protocol. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, GMX, Zircuit, Chainlink and Kaiko. We are backed by every major exchange and trading entities in the space.

We are building two interlinked products: a crypto-native synthetic dollar (USDe) and an Internet Bond (sUSDe) accruing rewards via a delta-neutral derivatives portfolio.

We believe creating a synthetic dollar which is not reliant on existing banking infrastructure is the single most important problem to solve and the largest opportunity in crypto today.

USDe will form the first part of a broader ecosystem of products we are building including fixed and floating rate Internet bonds and composable repo markets.

Join us!!