轮次 | 金额 | 估值 | 日期 | 投资者 |
---|---|---|---|---|
拓展种子轮 | 1400万美元 | 3亿美元 | Feb 16, 2024 | |
种子轮 | 650万美元 | -- | Jul 17, 2023 |
Ethena, a startup based in Portugal, has embarked on an innovative journey within the realm of algorithmic stablecoins, spearheading the development of a new Ethereum-based stablecoin named USDe. The project, which has attracted significant attention and funding, raised $6 million in a seed funding round led by Dragonfly, with notable participation from Arthur Hayes and several crypto derivatives exchanges like Deribit, Bybit, OKX, Gemini, and Huobi. This initiative marks a significant leap forward in Ethena's quest to redefine the landscape of digital currencies and savings .
The Ethena Protocol and its USDe synthetic dollar aim to revolutionize the DeFi space by leveraging Ethereum to create a yield-bearing synthetic dollar. Distinct from traditional stablecoins, USDe positions itself as a synthetic dollar, promoting scalability, stability, and resilience against traditional finance (TradFi) censorship. Ethena's approach is grounded in a blend of innovative technology and financial instruments, including the Internet Bond, which aims to democratize investment opportunities and savings by yielding returns from both the derivatives market and staked Ethereum.
Ethena's stablecoin project distinguishes itself by learning from the pitfalls of previous projects like Terra and devising a robust method to maintain USDe's peg to the US dollar. The strategy involves using user-provided collateral and hedging price exposure through shorting Ethereum perpetual swaps, ensuring a balance between gains and losses from both assets. In addition to the stablecoin, Ethena is also developing a digitally native internet savings bond denominated in USD, which generates yield by combining staked ETH and swap margins, thereby offering investors an opportunity to earn passive income .