Ethena (ENA) Overview - Part 2
4. Investors
- July 17, 2023: Seed round raised $6.5M led by Dragonfly Capital with the participation of funds and CEX exchanges such as: Wintermute, Delphi, GSR, Lightspeed, OKX, Bybit, Deribit, Gemini, Houbi ,…
- February 15, 2024: Funding round raised from Binance Labs with an undisclosed amount.
- February 16, 2024: Strategic round raised $14M at a valuation of $300M led by DragonFly, Maelstrom with the participation of a number of investors such as: Paypal, Franklin, Fidelity, Binance Labs, Deribit, Gemini, Kraken .
5. Tokenomics
- Core Contributors – 30%: Distributed to the Ethena Labs team and advisors who worked on the protocol to develop USDe.
- Investors – 25%: Allocated to investors supporting the development of the Ethena protocol, to launch the protocol and reserve funds to support the launch of Ethena.
- Foundation – 15%: This allocation will be used for further initiatives to expand USDe's reach.
- Ecosystem Development – 30%: Allocated for ecosystem development, of which the first 5% is airdropped to Ethena users before launching the Token. The remainder will be managed by DAO and reserved for programs and cooperation to promote the development of the project.
In addition, ENA Token is mainly used for project administration. Tokens are used to incentivize users and serve as reserve funds to develop future products.
