Ethena

Ethena provides a synthetic dollar protocol on the Ethereum blockchain that supports a crypto-native form of digital money. The protocol issues USDe, a synthetic dollar backed by crypto assets and short futures positions, using delta hedging to maintain stability relative to the US dollar. Ethena also introduces sUSDe, a yield-bearing version of USDe that allows holders to stake their assets and earn returns from protocol operations. In addition, the platform includes a governance token, ENA, which enables participation in decisions on risk management, integrations, and updates. Ethena integrates with both decentralized and centralized finance platforms, offering transparency and tools that support ecosystem composability.

Domain

ethena.fi

Country

Poland

Industry

Blockchain

Employees

11-50

Last Funding

$30.0M

Founded

2022

Frequently Asked Questions

What technologies does Ethena use?+

Ethena uses 23 technologies including Radix UI, Three.js, Framer Motion.

What industry is Ethena in?+

Ethena operates in the Blockchain industry.

Where is Ethena based?+

Ethena is headquartered in Poland.

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Data last updated: June 2026