Ethena's Digital Bond Initiative – Ethena Secures $6 Million Investment for Digital Savings Bonds Project

Ethena, a project backed by former BitMEX director Arthur Hayes, has attracted $6 million in investment for its digital savings bonds initiative.

The startup received funding from venture capital firm DragonFly, founded by Hayes, as well as prominent trading platforms including Deribit, ByBit, OKX, Gemini, and Huobi. Tom Schmidt, General Partner at DragonFly, expressed confidence in Ethena’s strong potential, citing the company’s competitive product offerings.

Ethena’s roadmap includes the development of several key components:

  • The creation of USDe, a stablecoin
  • Internet bonds
  • A fundraising platform

Users of Ethena will have the ability to deposit dollars, Ethereum (ETH), or liquid staking tokens to mint USDe. The collateral assets will be locked to generate profits, with a portion of the returns distributed to USDe holders. This innovative approach allows stablecoin holders to earn passive income by simply holding the coins in their wallets.

While specific details about the financial platform and digital bonds are currently unavailable, it appears that these offerings will be closely tied to or built upon the foundation of USDe. This integration will enable Ethena to facilitate capital raising and foster growth opportunities for its users.