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Ethena
Strategic Funding Round

Past 16 Feb - 17 Feb 2024

Ethena Labs is a derivatives infrastructure, pioneering the world’s first crypto-native yield and fully on-chain, banking system-independent form of money - the USDe stablecoin. It offers users the opportunity to contribute Ethereum’s LSTs to the Ethena yield in exchange for APR rewards and USDe tokens, which can also be staked or used in DeFi protocols to earn additional APR.

The entire Ethena’s ecosystem is powered by its native Ethena token, which primarily grants access to DAO voting within the platform.

On February 16th, the company hosted a Strategic funding round, securing over $14M at $300M valuation from Dragonfly, Maelstrom, Hashed, and some other funds.

CoinLaunch Score: Last update:
Very High 04 Apr 2024

Ethena - Strategic Funding Round  Overview

start date: 16 Feb 2024
end date: 17 Feb 2024
price: N/A
tokens for sale: N/A
Raise: $14,000,000
Min. Buy: N/A
Max. Buy: N/A
Industry: Stablecoin
Lock-up:

 1 year 25% cliff, with 3 year linear monthly vesting thereafter

More about Ethena

Ethena - Strategic Funding Round Funds and Backers

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Dragonfly Capital Logo
Dragonfly Capital
Score: Very High
35 numbers of
investment
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galaxy digital ventures
Galaxy Digital (Ventures)
Score: Very High
15 numbers of
investment
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Maelstrom logo
Maelstrom
Score:
11 numbers of
investment
Read More
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