Ethena Launches Hiring Drive to Build Two New Product Lines in Three Months

Overview

• Co-founder Guy Young said Ethena will add about 10 roles, lifting headcount by roughly 50% after two years at around 20–25 contributors.
• Openings span backend engineering, DeFi, trading, product design, and security, with listings for a head of security and a business development associate.
• Two new business lines are targeted for launch within the next quarter, with Young saying each could reach the scale of USDe though specifics remain undisclosed.
• The move marks the company’s first major diversification beyond USDe and USDtb as it shifts from a lean setup to a scale-up phase.
• Recent support includes M2 Capital joining as a backer in September alongside firms such as Binance Labs, Bybit, Dragonfly, Fidelity, and Franklin Templeton, plus a Jupiter integration on Solana using Ethena’s whitelisting.