# Ethena

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

> Decentralized synthetic dollar protocol providing a censorship-resistant, scalable, and capital-efficient alternative to traditional stablecoins.

## About

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.

## Key facts

- **Slug:** ethena
- **Website:** https://www.ethena.fi/
- **Founded:** 2023-01-01
- **Operating status:** Active
- **Total funding:** $40M
- **Sectors / tags:** Fintech, Web3, DeFi, Algorithmic Stablecoin, Decentralized Finance, Crypto Exchange, Payments, Yield Generation, Blockchain, Synthetic Assets, Crypto, Tokenized Real-World Assets, Cross-Chain Liquidity, Financial Infrastructure
- **Social:**
  - Twitter: https://x.com/ethena
  - GitHub: https://github.com/ethena-labs

## Frequently asked

### 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 $28 (range $16 to $81, 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, 39% 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.

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