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Ethena
Ethena is a DeFi protocol enabling the creation of USDe, a synthetic dollar, and offering internet-native yield through staking.
Craigmuir Chambers, PO Box 71, Road Town, Tortola, VG1110, British Virgin Islands, Cayman Islands
Maintainer signals as of Aug 10, 2026
Ethena Protocol
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Description
Ethena Protocol is a synthetic dollar system built on Ethereum that issues USDe through delta-hedging strategies using crypto assets and derivatives positions. The protocol maintains price stability by combining spot asset collateral with corresponding short futures positions while distributing yield to stakers through protocol revenue.Category: Stablecoin Issuer
TVL: $3.9B
Chains:
Converge
Project Links
Description
Converge is a blockchain settlement layer for traditional finance and digital dollars, enabling tokenized asset issuance and institutional-grade financial applications. The platform features sub-second block times through Arbitrum Orbit architecture and uses USDe and other digital dollar assets as native gas tokens.Category: L1