Ethena Labs

Ethena has launched natively on the TON blockchain, Telegram’s chosen blockchain, with USDe and the new TON Staked USDe (tsUSDe). USDe and tsUSDe has been integrated into all major non-custodial wallets on TON, allowing users to acquire USDe and stake it for tsUSDe to earn rewards. This integration puts Ethena automatically into the hands of Telegram’s 1 billion+ users. Users can now access Ethena-powered dollar savings and DeFi directly within an app they use every day. This launch marks the...

Ethena Labs is proud to announce the launch of USDe Proof of Reserves. The solution was created & launched in collaboration with the inaugural Proof of Reserve Attestors: Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink. USDe Proof of Reserves, in combination with our monthly custodian attestations, are a part of the protocol’s continued commitment to transparency. Compared to our monthly custodian reports, Proof of Reserves offers more frequency, independent oversight, and a design tha...

In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our thirteenth attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol....

Rewards Campaigns To DateSeason 1 and Season 2 of Ethena’s rewards campaigns combined to distribute a total of 1.5bn ENA to our users so far, 10% of ENA’s total supply. Below we outline more details on Season 3 distribution size and timing. Since the inception of Ethena’s rewards campaigns we have always had our liquidity providers as top priority, incentivizing long term participation in the Ethena ecosystem. Season 1 was one of the fastest points programs in history lasting only 6 weeks. Wi...

Ethena Labs and Securitize today announced the upcoming launch of Converge, a new blockchain designed to support and advance DeFi and tokenized assets. Developed jointly by Ethena and Securitize, Converge is a purpose built EVM blockchain, optimized for both retail and institutional DeFi. In addition to providing access to standard DeFi applications geared towards retail investors, Converge will feature a suite of apps and products developed in conjunction with partners that are specifically ...

We are excited to share that USDe has been widely integrated throughout Deribit, the industry’s leading options and derivatives exchange. The integration includes the following features:Spot listings include:BTC/USDeETH/USDeUSDe/USDCUSDe/USDT0 trading fees for all USDe pairs.USDe as a rewarding asset for holding it anywhere in your Deribit account.USDe as rewarding derivatives margin collateral with it being a part of the cross-collateral pool.USDe as a Rewarding AssetDeribit users are able t...

Season 3 HighlightsMarch 23rd marked the end of Ethena Season 3 and the beginning of Season 4. At the start of Season 3, USDe supply was $3bn and had just been integrated on Bybit and Bitget as the first centralized exchange partners, with minimal traction on Aave as sUSDe was yet to be integrated. During Season 3, USDe was the fastest asset to $5bn supply in crypto history and peaked over $6bn, with over $1bn of sUSDe in Aave alone. USDe flipped USDC on Bybit with over $800m held on the exch...

TL;DRToday, Ethena Labs launches a Proof of Reserves (PoR) system for USDe, Ethena’s synthetic dollar, to cryptographically prove its backing - transparently reserved, governance-approved, and USD-delta-neutral. Built on AWS Nitro Enclaves, it pulls data from custodians, exchanges, and the blockchain, processes it in a tamper-proof environment, and generates signed proofs. Independent attestors - geographically diverse audit firms - verify these weekly outputs, ensuring transparency without r...

USDtb ListingUSDtb, an Ethena ecosystem stablecoin backed by Blackrock’s BUIDL, has been listed on Bybit and will be available as margin collateral within the next week. As of March 6th, Bybit users are able to earn up to 5.00% APR, paid daily by Bybit, for simply holding or utilising USDtb anywhere on Bybit. Bybit represents the first CeFi Exchange to support USDtb and furthers our shared goal of helping to improve users' capital efficiency. Bybit joins Copper, Komainu Custody and Zodia...

In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our eleventh attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol. T...

We are excited to share that USDe will be widely integrated throughout MEXC as of Febraury 27th. The integration will include the following features:Spot listings include:USDe/USDTBTC/USDeETH/USDeENA/USDeSOL/USDeXRP/USDe0 trading fees for all USDE and ENA listed pairs.USDe as a rewarding asset for holding it anywhere in your MEXC account.USDe as a Rewarding AssetMEXC users are able to hold USDe anywhere in their account and be eligible for rewards. Rewards will be distributed daily, between 3...

In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our twelfth attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol. Th...