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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.Grant Funding
VC Funding
None
2023
2024
$0
$20M
Technology & Skills
RISK MONITORING
RISK METRICS
OPERATIONAL APPROVAL
EXCHANGE RISK
USER RELATIONS
PHYSICAL SECURITY
SURVEILLANCE
SECURITY STRATEGY
EXECUTIVE PROTECTION
TRAVEL RISK ASSESSMENT
AML/KYC
CRYPTOGRAPHIC PROTOCOLS
MONEY MARKET
COUNTERPARTY
EXCHANGE API
PERPETUAL CONTRACT
ALGORITHMIC EXECUTION
ZERO-TRUST
DEVSECOPS
PLATFORM ENGINEERING
INFRASTRUCTURE STRATEGY
INTERCOMPANY
ACCRUAL
GENERAL LEDGER
ETHERSCAN
BLOCKCHAIN EXPLORER
VAT
CRYPTIO
PREPAYMENT
DEPRECIATION
CUSTODIAN
CRYPTOWORTH
DIGITAL ASSET
AUDIT
RECONCILIATION
ACCOUNTING
IFRS
CONSOLIDATION
PAYMENTS
TAX
TREASURY
ON-CHAIN WALLET
ONCHAIN WALLET
TRES
BLOCKCHAIN
WALLET