Ethena Labs

Ethena Labs is building the first ETH-based yield-bearing synthetic dollar. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, Aave, Blockdaemon, and Kaiko. They are backed by every major exchange and trading entity in the space. Ethena provides the derivative infrastructure in order to transform Ethereum into the first crypto-native yield-bearing synthetic dollar that is not reliant on the banking system.