Ethena Labs

{Introduction}:This piece builds upon the essay by Colin Myers and Mara Schmiedt: “The Internet Bond” published in 2020, discussing how Proof of Stake ETH would enable a bond-like instrument for the decentralized economy. To summarize their thinking behind Proof of Stake ETH as the Internet Bond:Similar to traditional bond structures, staking at its core represents an agreement between the bond issuer (the protocol) and the bond holder (the validator or delegator)The Internet bond is an entir...

// Ethena Labs: Enabling the Internet Bond_Ethena has been built to address the largest and most obvious immediate need within crypto. DeFi aims to create a parallel financial system, yet the sector’s most important financial instrument – stablecoins – are completely tethered to, and reliant upon, traditional banking infrastructure. It is time to provide a scalable crypto-native form of money to enable a truly decentralized financial system.{Introduction}:Ethena Labs is a decentralized protoc...

// Ethena Labs: Enabling the Internet Bond_Ethena Labs is a decentralized stablecoin protocol built on Ethereum that will provide a crypto-native solution for money, not reliant on traditional banking system infrastructure, alongside a globally accessible and permissionless dollar denominated savings instrument - the 'Internet Bond'.{Introduction}:Ethena Labs is excited to announce we will be building our first decentralized perpetuals exchange integration on the Synthetix platform....