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Ethena Protocol
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Category: Stablecoin Issuer
TVL: $3.9B
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.Technology & Skills
SECURITIES FINANCING
RISK‑ANALYSIS
PROSPECTING
QUANTITATIVE ANALYSIS
NEOBANK
BLOCKCHAIN EXPLORER
FIREBLOCKS
PORTFOLIO EXPOSURE
MORPHO
TAX
PAYMENT
RELATIONSHIP MANAGEMENT
ONCHAIN
ERC20
VAT
FINTECH
PAYMENTS
SIGNING
ACCOUNTING
COMMUNICATION
REGULATORY EXAMINATION
PARTNERSHIP
UNDERWRITERS
PROTOCOLS
BUSINESS DEVELOPMENT
BLOCKCHAIN
ETHERSCAN
ONBOARDING
WALLETS
GENERAL LEDGER
COLLATERAL SCORING
SALES
MARKET MAKER
DEFI
CREDIT RISK
PREPAYMENT
FOUNDRY
ANCHORAGE
CONSOLIDATION
RISK
AAVE
DOCUMENTATION
DEPRECIATION
SAFE
WALLET
COUNTERPARTY RISK
GNOSIS
CRYPTIO
AUDITORS
INTERCOMPANY
ONCHAIN WALLET
COLLATERAL
STABLECOIN
IFRS
CROSS-BORDER PAYMENT
EVM
STARGATE
INSTITUTIONAL
PIPELINE
CUSTODIAN
REAL-WORLD ASSET
TENDERLY
FINANCIAL ANALYSIS
COINBASE
CEFI
SOLIDITY
RECONCILIATION
CUSTODY
CRYPTOWORTH
NEGOTIATION
AUDIT
LOAN ORIGINATION
DIGITAL ASSET
SECURED LENDING
TRES
COLLATERAL FRAMEWORK
TREASURY
PRIME BROKERAGE
ACCRUAL
CUSTODIANS