Ethena LabsEthena Labs
Ethena Labs

Ethena Labs

Decentralized synthetic dollar protocol building a new financial primitive.

2023Active

About

Ethena Labs is a decentralized finance (DeFi) protocol that aims to create a synthetic dollar, USDe, which is designed to be scalable and capital-efficient. It achieves this by combining delta-hedged derivatives with a collateralized debt position (sUSDe) to generate yield.

Technology stack

detected 2026-06-18
Est. monthly stack spend~$320/mo
CDN
Vercel
Emailnone
Hosting
Vercel
Stack
Next.jsTailwind CSS
Analytics
PostHog
Hiring
Lever
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Frequently asked

What does Ethena Labs do?

Ethena Labs is a decentralized finance (DeFi) protocol that aims to create a synthetic dollar, USDe, which is designed to be scalable and capital-efficient. It achieves this by combining delta-hedged derivatives with a collateralized debt position (sUSDe) to generate yield.

How much funding has Ethena Labs raised?

Ethena Labs has raised a total of $20M in funding.

When was Ethena Labs founded?

Ethena Labs was founded in 2023.

What industry does Ethena Labs operate in?

Ethena Labs operates in Fintech, DeFi, Algorithmic Stablecoin, Decentralized Finance, Cryptocurrency, Yield Generation.