Portugal · Information technology & services startup
Portugal · Ethena Labs
Ethena Labs is a decentralized finance (DeFi) startup founded in 2023 and headquartered in Lisbon, Portugal.
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Funding reportedLast round: Seed
About Ethena Labs
Ethena Labs is a decentralized finance (DeFi) startup founded in 2023 and headquartered in Lisbon, Portugal.
Led by CEO Guy Young, the company focuses on creating a scalable, censorship-resistant alternative to traditional stablecoins. Ethena Labs aims to transform the Ethereum blockchain into a crypto-native, yield-bearing synthetic dollar, operating independently of traditional banking systems. The company's flagship product, USDe, is a synthetic dollar fully backed by crypto collateral, designed to maintain a stable $1 peg through a delta-neutral hedging strategy. Ethena Labs also offers sUSDe, a yield-bearing version of USDe, and USDtb, a fiat-backed stablecoin that holds tokenized U.S. Treasuries. With over $220 million in funding and a valuation of approximately $300 million, Ethena Labs is committed to redefining digital money and expanding its offerings within the crypto and traditional finance ecosystems.
What company datasets say Ethena Labs raised
Funding, as reported
On 11 portfolio pages
Investors who name them
Maelstrom
AlphaLab Capital
Metalayer Ventures
Ataraxia Capital
Nascent
menon.vc
Hypersphere Capital
Faction
Caladan (Prev AlphaLab Capital)
Mirana
The Astro Group LLC
Each firm lists Ethena Labs on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.
The company, in detail
What they build
Known for
blockchaindecentralized financeyield farmingyield generation metricssmart contractsairdropsdefinative yielddefi community toolsyield usersearly access inviteinformation technology & servicesblockchain community resourcesfinancial servicesfinanceinvite code
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+8 more
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- Sector
- Information technology & services
- Industry code
- NAICS 5231, 523999, SIC 6732
- Region
- Lisbon
- Revenue
- 600k a year, as listed
- Full record
- Every detail in the company directory
Information technology & services in Portugal
Startups like it
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