Ethena, a startup in the encryption industry, has completed a $6.5 million seed funding round, with Dragonfly leading the investment.
2023-07-17 14:14
News from Odaily: Encryption startup Ethena has completed a $6.5 million seed funding round, led by Dragonfly and supported by trading platforms such as Deribit, Bybit, OKX, Gemini, and Huobi, as well as BitMEX founder Arthur Hayes and his family office.
It is reported that the stablecoin USDe developed by Ethena hedges price risks by using user collateral and maintains its peg to the US dollar by using perpetual swaps to short Ethereum. (axios)
It is reported that the stablecoin USDe developed by Ethena hedges price risks by using user collateral and maintains its peg to the US dollar by using perpetual swaps to short Ethereum. (axios)
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