Ethena Network

Next-generation DEX platform for decentralized perpetuals trading powered by USDe, offering institutional-grade liquidity and stable funding.

The premier MoveVM lending protocol & appchain building on networks like Aptos, Movement, and Initia. Users can deposit and borrow USDe and sUSDe, opening up new lending opportunities.

Perpetual risk tranching protocol that offers structured products on USDe. Enables investors to tailor their risk-return preferences while earning crypto-native returns from carry and basis trades.

Decentralized exchange built for trading institutional assets and reward-bearing dollars, while enabling protocols and institutions to establish liquidity on Converge.

Connecting onchain capital to real-world reinsurance risk—unlocking stable, uncorrelated returns that are liquid, composable and accessible for the first time.

Global transaction layer for insurable risks, enabling people and businesses to navigate an uncertain future while they work towards creating a better one.

Enhances decentralized finance with efficient, automated fractional reserve banking for higher yields.

Decentralized protocol that creates unique and programmable onchain options, perpetuals, and structured products.

A synthetic dollar that delivers premium market-neutral yields by harnessing exclusive OTC market strategies.