Ecosystem Vision

Back to Organizations

Ethena

Ethena provides what it calls "Digital Dollars for the Internet Economy" through its primary product, USDe. It aims to offer a globally accessible dollar savings account, allowing users to earn yield on their assets.

Distributed

Description

Ethena is a protocol focused on creating 'Internet Money' through its product, USDe, a digital dollar. The platform emphasizes transparency by providing real-time information on backing assets, weekly proof of reserves, and monthly custodian attestations. Users can utilize USDe in various DeFi applications and on exchanges for purposes like margin collateral. Ethena is actively expanding its ecosystem through partnerships, such as with the Ton blockchain to reach Telegram's user base, and by developing new infrastructure like the Converge blockchain with Securitize to support DeFi and tokenized assets.

Ethena

Description

Grant Funding

VC Funding

Technology & Skills