Ethena Labs

Ethena Labs is the team behind Ethena, a DeFi protocol on Ethereum that issues USDe—a synthetic dollar backed by staked ETH collateral and delta-hedged derivatives positions. Ethena offers a censorship-resistant, scalable stablecoin native to DeFi and an internet-native savings product. The protocol has grown to become one of the largest stablecoin issuers in decentralized finance.