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