Ethena Labs
Ethena Labs

Ethena Labs

Measured by AhrefsDR72Ahrefs DR: 72/100. Top 25%. Measured by Ahrefs. Median 44.Measured by StartupHub.aiAgent37Agent Readiness: 37/100. Below median. Measured by StartupHub.ai. Median 41.Measured by StartupHub.aiTrust73Data Trust: 73/100. Above median. Measured by StartupHub.ai. Median 61.

Decentralized synthetic dollar protocol building a new financial primitive.

2023Active

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About

Ethena Labs offers USDe, a synthetic dollar designed for the internet economy, providing global instant access to a reward-accruing asset. Its core product, sUSDe, enables users to earn industry-leading rates by staking USDe, establishing a new benchmark for capital productivity. Ethena serves individuals, fintech companies, treasuries, banks, and the broader DeFi ecosystem through integrations with major exchanges and on-chain venues.

Key facts

Website
ethena.fi
Founded
2023
Total funding
$6M
Business model
DeFi

Funding rounds

Funding rounds raised by Ethena Labs
DateRoundAmountLead investors
21 Sept 2025Undisclosed roundUndisclosedCZ's Family Office
17 Jul 2023Undisclosed round$6MDragonfly, Arthur Hayes

Tech stack

Detected on ethena.fi, last scanned 20 Oct 2026.

Compliance
SOC 2
Frontend
Next.js, Tailwind CSS
Analytics
PostHog
CMS / Builders
GitBook
CDN
Vercel
Hiring platform
Teamtailor
Affiliate program
Self-hosted affiliate

Ethena Labs scores 72. Does yours?

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Comments
(5)

5 reviews from Reddit gathered in one place

Reddit
r/XRPUniteu/InverseNurseAug 24, 2025PositiveReddit

Ethena Labs has confirmed that XRP meets all requirements for integration into USDe, the company's $11.8 billion stablecoin, following a comprehensive risk assessment by the firm's committee.

Reddit
r/ethtraderu/Extension-Survey3014Mar 5, 2025PositiveReddit

Ethena Labs (USDe) pushes Circle and Tether as stablecoin race heats up.

Reddit
r/ethtraderu/AltruisticPopsSep 18, 2024PositiveReddit

Ethena Labs Launches sENA, Boosting Liquidity and DeFi Rewards. Ethena Labs integrated Coinbase Prime Web3 Wallet to streamline minting and redemption processes for its Ethereum-based protocol.

Reddit
r/ethtraderu/yamaniac123Jul 22, 2024MixedReddit

What are the additional risks for Ethena Labs in July?. Ethena Labs is spreading its USDe asset to new DeFi protocols. Most of the tokens are locked on Pendle and Morpho for airdrop mining. There are no signs of a run on USDe, but the proje…

Reddit
r/ethtraderu/Wonderful_Bad6531Mar 29, 2024NegativeReddit

Fake token copies Ethena Labs, gets exploited for $290K on Binance Launchpool.

Each quote is copied word for word and links to where it was posted. Promotion and off-topic posts are filtered out.

Frequently asked

Is Ethena Labs trustworthy and reputable?

StartupHub's Data Trust & Reputation score for Ethena Labs is 73 out of 100, a generally safe rating, based on site security posture, privacy practices, malware and phishing checks, and public reputation signals.

How much funding has Ethena Labs raised?

Ethena Labs has raised a total of $6M in funding.

Does Ethena Labs have an affiliate program?

Yes, Ethena Labs has an affiliate program. The program runs on Self-hosted affiliate. Register here: www.ethena.fi/affiliates

Public record

SEC filings, insider activity, nonprofit links and pay benchmarks for Ethena Labs