About Ethena
Ethena is a synthetic dollar protocol on Ethereum, and ENA is its governance token. Its main product is USDe, a crypto-backed synthetic dollar that holds its peg using collateral and hedging positions rather than bank deposits or cash reserves, and it also offers a savings version called sUSDe. ENA holders vote on protocol settings, including how USDe is backed and how revenue is used. Ethena Labs founded the project in 2023, and the ENA token launched in April 2024. As an ERC-20 token, ENA relies on Ethereum's proof of stake consensus. It has a fixed maximum supply of 15 billion, spread across ecosystem, foundation, investors, contributors, and an early-user airdrop.
Aave, Ethena and Hyperliquid founders name their biggest rivals at TOKEN2049
The diverse rivalries highlight DeFi's strategic shifts, emphasizing regulatory challenges and market dynamics in reshaping financial landscapes.
Mezo sets October 13 deadline for swBTC and USDe bridge-out
Mezo's bridge-out deadline highlights the need for efficient resource allocation, impacting token holders and signaling a shift in strategic focus.
StablecoinX shares go tokenized on Binance’s bStocks platform
Tokenized trading on bStocks enhances market accessibility but raises concerns about price alignment and interconnected financial risks.
Ethena founder says yield isn’t a commodity because trust isn’t equal
Ethena's approach highlights the importance of trust and risk management in yield markets, influencing institutional investment strategies.
Ether.fi taps Ethena to launch its own US dollar stablecoin
Ether.fi is launching its own USD stablecoin through Ethena Whitelabel, with Ethena managing reserves, minting, redemptions and compliance.
Ether.fi will launch its own stablecoin on Ethena’s whitelabel infrastructure
Ether.fi's stablecoin launch could reshape its ecosystem, enhancing integration of staking and DeFi, while impacting stablecoin market dynamics.
A sourced map of Ethena's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Ethena and the wider market, hosted by our team, will appear here once episodes are live.