Ethena is a blockchain-based protocol on Ethereum designed to create a decentralized, crypto-native stablecoin called USDe. Unlike traditional stablecoins such as USDT or USDC, which rely on fiat reserves held in traditional banking systems, USDe is a synthetic dollar backed by cryptocurrency collateral and short futures positions. Ethena aims to provide a scalable, censorship-resistant, and globally accessible financial system that operates entirely within the crypto ecosystem.<h2>Key Features of Ethena</h2><ul><li>USDe Stablecoin: Known as the "Internet Bond," USDe maintains price stability through a delta-neutral strategy. This involves using staked ETH (stETH) as collateral while simultaneously opening short positions of equivalent value on derivatives exchanges. This approach minimizes exposure to market volatility.</li><li>Decentralization: Ethena operates using smart contracts and price oracles, eliminating reliance on traditional financial infrastructure. However, some derivative positions are executed on centralized exchanges, introducing partial centralization risks.</li><li>Governance: The protocol is governed by its community through a decentralized autonomous organization (DAO), with its native token, ENA, used for governance decisions.</li></ul>

Berachain Ecosystem

Blast Ecosystem

Ethena Ecosystem

Ethereum Ecosystem

LayerZero Ecosystem

Mantle Ecosystem

Scroll Ecosystem

Story Ecosystem

Zircuit Ecosystem

Launchpool Page On Bitget

Launchpool Page On Gate

Ecosystem Incentives

Investors

Core Contributors

Foundation

February 24, 2025 Ethena has raised $16 mln from MEXC.

Ethena

Ethena is a blockchain-based protocol on Ethereum designed to create a decentralized, crypto-native stablecoin called USDe.

Crypto.com Capital

Animoca Brands

Arche Fund

Jump Capital

NGC Ventures

Impossible Finance

x21 Digital

Bitscale Capital

Sanctor Capital

Mines of Dalarnia

YZi Labs (Prev. Binance Labs)

Folius Ventures

Sleepless AI

Morningstar Ventures

Moonrock Capital

The Spartan Group

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

Bware Labs

GameOn Forge

Sociapol

DWF Labs

RoseonX

DeFiance Capital

Play Ventures

Double Peak 

DWeb3 Capital

GuildFi

Avocado DAO

PathDAO

Planetarium

Stella Fantasy

Pivot Global

ConsenSys

Cointelegraph

Big Brain Holdings

Dewhales

Founderheads

Galxe

Dutch Crypto Investors

CSP DAO

AITECH Labs

Decubate Ventures

DEC Ventures

Poolz Ventures

Gains Associates

Ivan on Tech

Anshul Dhir

That Martini Guy

Boxmining

Nischal Shetty

Zoran Kole

Ash Crypto

Anbessa

Eric Cryptoman

Plena Finance

Solana Ventures

Shima Capital

KuCoin Labs

Arcade

Attarius Network

Gain detailed information about %name% %code% unlock and vesting. Use our token unlock calendar for planning and optimizing your investments. Explore tokenomics and how it's changing with our token distribution chart. Stay updated on unlock events and receive notifications for effective crypto asset management

%name% %code% Token Unlocks and Vesting: Schedule and Tokenomics

Name	Total	Unlocked	Locked
Ecosystem Incentives	30%	17.5%	12.5%
Core Contributors	30%	8.12%	21.9%
Investors	25%	6.77%	18.2%
Foundation	15%	5.52%	9.48%

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