Ethena is currently undergoing its first team expansion, with 10 new positions being opened for new business lines and product launches.

PANews, October 20 news, Guy Young, founder of Ethena Labs, posted on the X platform: “Over the past two years, the number of contributors at Ethena has remained relatively stable, at around 20 to 25 people. Now, we are making our first meaningful team expansion, setting up 10 new positions in engineering and product areas for two brand new business lines and products that will be launched in approximately the next 3 months. Both of these initiatives have the potential to grow to a scale comparable to USDe.”