Dragonfly Capital leads $6 million seed funding round for …

Jul 17, 2023 · The web3 venture firm Dragonfly Capital led a $6 million seed funding round for Ethena, a startup building Ethereum-backed stablecoins. Ethena's other funders include …

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Dragonfly Capital Leads $6 Million Seed Funding Round For …

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Jul 17, 2023 · The web3 venture firm Dragonfly Capital led a $6 million seed funding round for Ethena, a startup building Ethereum-backed stablecoins. Ethena's other funders include …

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Fintech: New Ethereum Stablecoin - Axios

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Jul 17, 2023 · Crypto startup Ethena, which is developing a stablecoin secured by ethereum derivatives, raised $6 million in seed funding led by Dragonfly, the company tells Ryan …

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Ethena, A Startup Developing The First-Ever Internet Bond, Raises …

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Jul 21, 2023 · Ethena, a startup developing the first-ever ‘internet bond’ and a new Ethereum-based stablecoin secured by derivatives, has emerged from stealth with a $6 million seed …

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Ethena Garners $6 Million In Funding For Stablecoin Creation: Details

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Jul 18, 2023 · Ethena, a Portugal-based startup working on a USDe stablecoin project has managed to raise $6 million (roughly Rs. 55 crore) in a seed funding round. Dragonfly along …

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Ethena Garners $6 Million In Funding For Stablecoin Creation: Details

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Jul 18, 2023 · Several venture capital firms have collectively poured in millions into Ethena, a Portugal-based startup. A total of $6 million (roughly Rs. 55 crore) has been poured by …

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Ethereum Stablecoin Developer Ethena Surpasses Epic Milestone

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Jul 17, 2023 · Ethena, a crypto start-up, has achieved a significant milestone by securing an impressive $6 million in seed funding, according to a report from Axios. The funding round, led …

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Dragonfly, Arthur Hayes Back $6M Round For New Stablecoin, …

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Jul 17, 2023 · Portugal-based Ethena, a startup developing an internet savings bond as well as a new Ethereum-based stablecoin secured by derivatives, has raised $6 million in a seed …

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Ethereum-Backed Stablecoin Developer Ethena Raises $6M

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Jul 21, 2023 · Ethena, a startup crypto firm has raised $6 million in seed funding from web3 venture firm Dragonfly Capital. Deribit, Bybit, OKX, Gemini, Huobi, and BitMEX creator Arthur …

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Ethena Raises $6M For Ethereum-based Stablecoin : R/ethtrader

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2.3M subscribers in the ethtrader community. Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes…

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ETH-based Stablecoin Maker Ethena Raises $6M : R/CryptoMarkets

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Business, Economics, and Finance. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Crypto

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Stablecoin Annualized Rate Reaches 27%: How Sustainable Is Ethena …

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· Redeem 1 USDe from Ethena Labs at 1.00 to get ETH. · Use the earned ETH to sell for USDC on Curve. · Profit. If the value of USDe in the external market is higher than the value provided …

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ETH-based Stablecoin Maker Ethena Raises $6M - Reddit

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16K subscribers in the CryptoCurrencyClassic community. The unofficial Wild Wild West of r/CryptoCurrency. CryptoCurrency Memes, News and…

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How This Stablecoin Just Cracked $3 Billion In Record Time

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Jun 7, 2024 · The crypto project just broke history after its synthetic dollar (stablecoin) broke the $3 billion mark in record time. In fact, Ethena’s USDe did so in just four months after its public …

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Stablecoin Project Ethena Labs Bags $4M For USDe Treasury

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Mar 8, 2024 · Stablecoin project Ethena Labs has bagged over $4 million for its treasury less than two weeks after going live, showcasing early signs of success with a concept that has divided …

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FAQs about Dragonfly Capital leads $6 million seed funding round for … Coupon?

Why is Ethena launching a new stablecoin?

Crypto startup Ethena, which is developing a new stablecoin secured by ethereum derivatives, raised $6 million in seed funding led by Dragonfly, the company tells Axios exclusively. Why it matters: Developed in response to Terra's failure, the new stablecoin has a novel approach to maintaining its dollar peg. ...

How does Ethena's new stablecoin maintain its dollar peg?

Why it matters: Developed in response to Terra's failure, the new stablecoin has a novel approach to maintaining its dollar peg. How it works: Ethena has developed a stablecoin, USDe, that maintains its dollar peg by using collateral from users to hedge price exposure by shorting ethereum using perpetual swaps. ...

What is Ethena & how does it work?

Crypto startup Ethena raised $6 million in seed funding led by Dragonfly, with participation from Deribit, Bybit, OKX, Gemini, Huobi, and others. Ethena is developing a new stablecoin, USDe, that maintains its dollar peg by using collateral from users to hedge price exposure by shorting Ethereum using perpetual swaps. ...

How much money has Ethena raised?

Ethena, a Portugal-based startup working on a USDe stablecoin project has managed to raise $6 million (roughly Rs. 55 crore) in a seed funding round. Dragonfly along with Maelstrom, Gemini, and Huobi have poured investments in this project. ...

What is Ethena labs' stablecoin?

Ethena Labs’ stablecoin has pocketed $4 million for its treasury with high yields derived from ether-future funding rates and staking ether to a validator. The project has seen early success with a controversial concept, increasing its treasury to over $16 million and becoming the third-largest revenue generator in the crypto market. ...

How does Ethena get its funding?

Of note: Ethena's financing includes backing from crypto derivatives exchanges like Deribit, Bybit, OKX, Gemini and Huobi. It is also supported by BitMEX founder Arthur Hayes and his family office — which is notable because Hayes himself has called for the creation of an algorithmic stablecoin (NakaDollar, or NUSD) backed by bitcoin derivates. ...