Ethena
Ethena34Ethena
Decentralized synthetic dollar protocol providing a censorship-resistant, scalable, and capital-efficient alternative to traditional stablecoins.
About
What does Ethena do?
Ethena is building the Internet's money, offering a reward-accruing synthetic dollar called USDe. USDe provides global instant access to a savings technology with industry-leading rates, aiming to establish a new benchmark for capital productivity. It is integrated across major exchanges, custodians, and on-chain venues, serving users in DeFi, Fintech, Treasuries, and Banks.
What is Ethena's revenue?
StartupHub estimates Ethena's annual revenue at $24 (range $15 to $42, 43% confidence), based on comparable companies in the sector.
What is Ethena's valuation?
StartupHub estimates Ethena's effective valuation at $246 (range $172 to $320, 38% confidence), based on comparable companies in the sector.
How much funding has Ethena raised?
Ethena has raised a total of $40M in funding.
When was Ethena founded?
Ethena was founded in 2023.
What industry does Ethena operate in?
Ethena operates in Fintech, Web3, DeFi, Algorithmic Stablecoin, Decentralized Finance, Crypto Exchange.
“I wrote a deep dive on Ethena’s USDe/sUSDe and how the protocol actually works. Ethena is one of the more interesting stablecoin experiments in crypto right now, and also one of the easier ones to misunderstand.”
View on Reddit“Coinbase Ventures just invested in Ethena. And this one actually matters. Coinbase doesn't invest in protocols they can't eventually plug into their own ecosystem.”
View on Reddit“When will this ethena scam full retrace?”
View on Reddit“BitMEX’s Arthur Hayes dumps $8.4 million in ENA hours after posting ‘Ethena is impressive’.”
View on Reddit“Ethena Discord gets hacked, users advised to not click any links.”
View on Reddit“But I see no real use case for ethena, and I’d like to know where I’m wrong (if I am). 1) I gather ethena should be a 1:1 dollarpeg? 1.1) if yes: why then would anybody invest really or even set price goals above the 1:1?”
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