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Futures
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Launchpool
Quick staking, earn potential new tokens
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Launchpad
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Alpha Points
NEW
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Auto-invest on a regular basis
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Soft Staking
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VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Ethena Raises $6M for Dollar-Pegged Stablecoin Launch on Ethereum
Crypto startup Ethena has raised $6 million in seed funding led by Dragonfly for its new stablecoin, USDe. Unlike previous attempts, USDe maintains its dollar peg by using collateral from users to hedge price exposure through shorting Ethereum using perpetual swaps. Ethena aims to differentiate itself from failed algorithmic stablecoins like Terra and plans to launch its stablecoin and bond asset in the coming months.