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Ethena Labs
Synthetic dollar protocol on Ethereum offering USDe and yield-bearing sUSDe
1 open position
About Ethena Labs
Ethena Labs develops a synthetic dollar protocol on Ethereum, creating USDe as a crypto-native, stable, censorship-resistant money alternative backed by delta-hedged Ethereum, Bitcoin, and liquid stables like USDC/USDT, independent of traditional banking systems. It also provides sUSDe, a globally accessible dollar savings asset known as the 'Internet Bond,' generating yields from staked ETH and derivatives markets to rival traditional savings instruments. This innovation bridges DeFi and centralized exchanges, enhancing liquidity and supporting decentralized financial infrastructure.