General Application

Who We Are Ethena Labs is at the forefront of the next wave of DeFi, dedicated to building products for modern finance. Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money, USDe, alongside a globally accessible dollar savings asset, sUSDe. Our core mission is to provide truly crypto-native financial solutions that are globally accessible and bridge the gap between TradFi and the digital asset economy. We believe in transparency, efficiency, and empowering both individuals and institutions with greater control over their assets. What we are Doing Ethena Labs is actively building and deploying a suite of groundbreaking products designed to address key challenges and unlock new opportunities within the digital finance landscape. Our flagship product, USDe, is a synthetic dollar backed by digital assets, and takes the novel approach of using a delta-neutral hedging strategy to maintain its peg. This provides a truly scalable and censorship-resistant digital dollar. Building upon USDe, we offer sUSDe. sUSDe provides crypto-native rewards generated from funding rates in derivatives markets, offering an alternative to existing products tethered to the traditional financial system. Furthermore, we are actively developing solutions to facilitate institutional adoption of digital assets. In partnership with Securitize and Blackrocks BUIDL fund, USDtb provides a more traditional, asset-backed stablecoin option, leveraging established financial infrastructure to appeal to institutional clients. Expanding on this, iUSDe is designed specifically for traditional financial institutions, incorporating necessary compliance features to enable them to access the crypto-native rewards our protocol generates, in an institutional-friendly manner. Finally, our most ambitious undertaking to date is Converge, our joint blockchain initiative with Securitize. This hybrid blockchain is designed to be the nexus where DeFi meets the needs of CeFi and TradFi. Converge aims to be a primary issuance layer for tokenised assets, integrating seamlessly with existing DeFi protocols to provide institutions with an environment to participate in the decentralised economy. Through these offerings, Ethena Labs is not just creating new financial products; we are building the foundational infrastructure for a more open, efficient, and interconnected global financial system. The Opportunity Right now we are at a very early stage in our existence, we will need people with expertise across many verticals as we evolve, scale and grow. What skill sets we'll need and when is one of the important strategic initiatives our leadership is working on right now, so expect many roles to open in the coming months. It would be great to know and hear from you sooner rather than later. Then, should an opportunity open up that aligns with your skills and experience, you'll be the first we'll contact to explore it with. In the next 6 to 12 months we know we'll need to build and expand the following teams: • Engineering - Onchain (Solidity), Offchain (React, Python, Web3 tools & libraries), DevOps, Quant. • Product & Design • Marketing & Community • Business Development & Partnerships • Research & Data Science • Operations • Legal We are always particularly interested in hearing from people with experience in DeFi and Web3 generally, from the top projects. Why Ethena Labs? Join a forward-thinking, crypto-native company with a mission to revolutionize decentralized finance. Work alongside a passionate and innovative team that values collaboration and creativity. Enjoy a flexible, remote-friendly work environment with opportunities for growth and learning. If you subscribe to the mission of separating the dollar from the state, then we want to hear from you! We look forward to receiving your application and will be in touch after having a chance to review.