Ethena Labs

Ethena Labs is building the first ETH based delta-neutral stablecoin. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Aave, Blockdaemon and Kaiko. Backed by the top exchanges and trading entities in the space.

We are building derivative infrastructure to enable Ethereum to transform into the Global Internet Bond via delta-neutral derivatives positions, to create the first crypto-native, yield bearing stablecoin: USDe.

We believe creating a stablecoin which is not reliant on existing banking infrastructure is the single most important product in crypto today.

USDe will form the first part of a broader ecosystem of products we are building including money markets, and internal trade matching between product lines.