Cryptos: 31,558 Exchanges: 354 Market Cap: $2,529.99B 24h Vol: $74.47B Dominance: BTC 55.1% ETH 12.2% ETH Gas:  6 Gwei
Seclect Currency

Fiat currencies

    Crypto Currencies

      No results for ""

      We couldn't find anything matching your search.Try again with a different term.

      Ethena's Logo

      Ethena - Seed

      Overview Investors Founders Company Profile / Project Introduction

      Overview

      Funding Date

      July 17, 2023

      Financing amount

      $6.5M

      Valuation

      --

      Catagory

      DeFi

      Subcategory

      Derivatives Stablecoins

      About Ethena - Seed

      Ethena has emerged from stealth with a $6.5 million seed round fundraise led by blockchain-focused venture capital firm Dragonfly and supported by BitMEX founder Arthur Hayes and his family office, Maelstrom.

      The round included participation from major crypto derivatives exchanges - including Deribit, Bybit, OKX, Gemini and Huobi - as well as a number of other venture capital and trading firms. Ethena will utilize the seed investment to prepare for the launch of their stablecoin and bond asset in the third quarter of 2023, including successfully completing the testnet phase in Q3 of this year, launching partnerships with other industry leaders, and conducting smart contract audits to ensure the security and efficiency of the protocol.

      Investors

      InvestorsTypeLocationYear Founded#Portfolio CompaniesEmail AddressSocials
      Fund United States of America 2018 129 info@dragonflycapitalpartners.com
      Angel Investor Hong Kong -- 13 --
      Corporate Netherlands 2015 7 info@deribit.com
      Corporate Seychelles 2014 3 --
      Corporate The British Virgin Islands 2018 11 --
      Corporate Hong Kong 2017 142 support@okex.com
      Fund Unknown -- 3 --
      Fund China 2017 75 capital@huobi.com
      Fund United States of America 2020 57 hello@nascent.xyz
      Fund United States of America 2018 90 team@delphidigital.io

      Founders & Team

      Guy Young's Logo

      Guy Young

      Company Profile / Project Introduction

      Ethena is a startup developing the first-ever ‘internet bond’ and a new Ethereum-based stablecoin secured by derivatives. Founded earlier this year, Ethena aims to address the need for accessible, permissionless dollar-denominated savings instruments beyond the US. The firm is working to develop two new products for investors operating outside of the US:

      • A US dollar stablecoin with a novel mechanism for maintaining its peg that will enable it to operate entirely independently of the traditional financial system; and
      • The first-ever digitally native savings bond.
      View More
      *Fundraising Announcement: Click here