Back
Ethena Labs to Add 10 Roles Ahead of New Product Launches

Ethena Labs to Add 10 Roles Ahead of New Product Launches

Ethena Labs expands its team to support two new business lines, with expectations that they could rival the scale of its USDe product.

USDE

Fact Check
Evidence from The Block (Source 1) directly quotes Ethena's co-founder stating the lab is hiring 'approximately 10 new engineers' in preparation for new product launches. This is strongly corroborated by Ethena's official social media confirming new products (Source 3) and multiple active job listings confirming the hiring activity (Sources 8, 9, 10).
    Reference: 123
Summary

Ethena Labs founder Guy Young has announced plans to hire 10 new engineering and product members in the coming three months to support the launch of two new business lines. These initiatives are expected to potentially match the scale of the company's existing USDe product, marking the first significant team expansion since the company's founding.

Terms & Concepts
  • USDe: A cryptocurrency product by Ethena Labs, potentially serving as a benchmark for scale in its new initiatives.
  • Business Lines: Distinct areas of a company's operations, each focused on specific products or markets within its overall strategy.
  • Product Launch: The process of introducing a new product to the market, including preparation, marketing, and distribution efforts.