Sep 24, 2023
Ethena Labs - Enabling the Internet Bond
Guy Young is the CEO and Founder of Ethena Labs, the crypto infrastructure company building USDe, the first-ever global internet bond and stablecoin not reliant on existing banking institutions.
Ethena Labs is a decentralized stablecoin protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible and permissionless dollar denominated savings instrument - the 'Internet Bond'.
Ethena’s stablecoin, USDe, will provide the first censorship resistant, scalable, and stable crypto-native solution for money by delta-hedging staked Ethereum collateral. USDe will be fully collateralized transparently onchain and free to compose throughout DeFi.
The ‘Internet Bond’ is built upon USDe and will combine yield derived from staked Ethereum as well as the basis in both perpetual swap and futures markets, to create the first onchain bond that can function as dollar denominated savings instrument for users worldwide.
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