# ENA Projects at AI Tinkerers

> Canonical HTML: https://aitinkerers.org/technologies/ena
> Markdown URL: https://aitinkerers.org/technologies/ena.md
> Technology record last updated: 2026-02-26T13:03:17Z
> Generated: 2026-10-23T05:37:49Z

Ethena (ENA) governs a synthetic dollar protocol providing crypto-native yield via delta-neutral hedging on Ethereum.

Ethena issues USDe: a scalable synthetic dollar backed by staked ETH and stabilized through short futures positions. The protocol offsets market volatility by pairing spot assets with equivalent perpetual swaps (maintaining a delta-neutral profile) to capture staking rewards and funding rates. With a Total Value Locked (TVL) exceeding $2.5 billion and backing from firms like DragonFly and Binance Labs, ENA enables a financial system decoupled from traditional banking infrastructure.

- Official technology site: https://ethena.fi
- Public AI Tinkerers demos and talks: 1
- Result page: 1 of 1

## Recent Public Talks and Demos

### [Contrasting Language Omics Pretraining](https://lausanne.aitinkerers.org/talks/rsvp_ZjMIQM_LY9M)

- Event context: AI Tinkerers Lausanne June 2025 Meetup — 2025-06-16 — Lausanne
- Public talk page: https://lausanne.aitinkerers.org/talks/rsvp_ZjMIQM_LY9M

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