# Ethena Labs

**Source:** https://www.startuphub.ai/startups/ethena-labs
**Profile type:** Startup

> Decentralized synthetic dollar protocol building a new financial primitive.

## 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

- **Slug:** ethena-labs
- **Website:** https://www.ethena.fi/
- **Founded:** 2023-01-01
- **Operating status:** Active
- **Total funding:** $20M
- **Sectors / tags:** Fintech, DeFi, Algorithmic Stablecoin, Decentralized Finance, Cryptocurrency, Yield Generation, Synthetic Assets, Web3, Blockchain, Synthetic Dollar, Derivatives, Collateralized Debt Position, Crypto Exchange, Tokenized Real-World Assets
- **Social:**
  - Twitter: https://x.com/ethena
  - GitHub: https://github.com/ethena-labs

## Frequently asked

### What does Ethena Labs do?

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.

### What is Ethena Labs's revenue?

StartupHub estimates Ethena Labs's annual revenue at $28 (range $18 to $105, 42% confidence), based on comparable companies in the sector.

### What is Ethena Labs's valuation?

StartupHub estimates Ethena Labs's effective valuation at $241 (range $169 to $313, 38% confidence), based on comparable companies in the sector.

### 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.

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