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Ethena Labs — //Enabling the Internet Bond_ — Page 2

Telegram Wallet Dollar Savings: Powered by Ethena

Wallet in Telegram, Telegram’s custodial wallet app, is today launching yield functionality for dollars held within the application. This gives Telegram’s 1 billion users, and TON’s $750m dollars direct access to savings-like functionality on digital dollars for the first time, natively within Telegram’s Wallet app. Ethena is integrated in the backend of the Wallet in Telegram earn product to power the dollar savings available to users. Users will be able to earn rates aligned with other Ethe...

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Custodian Attestations of Assets Backing USDe: May

In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our fourteenth attestation report from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports are released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol. The ...

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Ethena Launches Within Major TON Wallets, Bringing Dollar Savings to 1 Billion Users

Ethena has launched natively on the TON blockchain, Telegram’s chosen blockchain, with USDe and the new TON Staked USDe (tsUSDe). USDe and tsUSDe has been integrated into all major non-custodial wallets on TON, allowing users to acquire USDe and stake it for tsUSDe to earn rewards. This integration puts Ethena automatically into the hands of Telegram’s 1 billion+ users. Users can now access Ethena-powered dollar savings and DeFi directly within an app they use every day. This launch marks the...

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Custodian Attestations of Assets Backing USDe: April

In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our thirteenth attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol....

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Season 3 Distribution

Rewards Campaigns To DateSeason 1 and Season 2 of Ethena’s rewards campaigns combined to distribute a total of 1.5bn ENA to our users so far, 10% of ENA’s total supply. Below we outline more details on Season 3 distribution size and timing. Since the inception of Ethena’s rewards campaigns we have always had our liquidity providers as top priority, incentivizing long term participation in the Ethena ecosystem. Season 1 was one of the fastest points programs in history lasting only 6 weeks. Wi...

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USDe Proof of Reserves Launch

Ethena Labs is proud to announce the launch of USDe Proof of Reserves. The solution was created & launched in collaboration with the inaugural Proof of Reserve Attestors: Harris & Trotter, Chaos Labs, LlamaRisk, and Chainlink. USDe Proof of Reserves, in combination with our monthly custodian attestations, are a part of the protocol’s continued commitment to transparency. Compared to our monthly custodian reports, Proof of Reserves offers more frequency, independent oversight, and a design tha...

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Ethena Engineering Blog: Proof of Reserves

TL;DRToday, Ethena Labs launches a Proof of Reserves (PoR) system for USDe, Ethena’s synthetic dollar, to cryptographically prove its backing - transparently reserved, governance-approved, and USD-delta-neutral. Built on AWS Nitro Enclaves, it pulls data from custodians, exchanges, and the blockchain, processes it in a tamper-proof environment, and generates signed proofs. Independent attestors - geographically diverse audit firms - verify these weekly outputs, ensuring transparency without r...

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Custodian Attestations of Assets Backing USDe: March

In an effort to improve the transparency of the Ethena protocol’s backing assets beyond our current collateral and exchange breakdown provided on the dashboards, we are excited to share our twelfth attestation reports from all integrated custodians, verifying the assets backing USDe reside off-exchange within institutional custodial solutions. Attestation reports will be released on a monthly basis to provide regular updates as to the amount and location of the assets backing the protocol. Th...

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Season 4 Update

Season 3 HighlightsMarch 23rd marked the end of Ethena Season 3 and the beginning of Season 4. At the start of Season 3, USDe supply was $3bn and had just been integrated on Bybit and Bitget as the first centralized exchange partners, with minimal traction on Aave as sUSDe was yet to be integrated. During Season 3, USDe was the fastest asset to $5bn supply in crypto history and peaked over $6bn, with over $1bn of sUSDe in Aave alone. USDe flipped USDC on Bybit with over $800m held on the exch...

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Introducing Converge

Ethena Labs and Securitize today announced the upcoming launch of Converge, a new blockchain designed to support and advance DeFi and tokenized assets. Developed jointly by Ethena and Securitize, Converge is a purpose built EVM blockchain, optimized for both retail and institutional DeFi. In addition to providing access to standard DeFi applications geared towards retail investors, Converge will feature a suite of apps and products developed in conjunction with partners that are specifically ...

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//Enabling the Internet Bond_