Synthetic Dollars at Multi-Billion Dollar Scale: Guy Young, Founder, Ethena Labs

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Glitchwire

Blokhaus Inc

22 episodes

6 days ago

Glitchwire is all about uncovering the glitches that are dramatically altering the way we understand the world and how we exist within it. On this show, we talk to the people who are discovering and even creating these glitches… We ask them: what is their glitch? And where do we go from here? In the tech world, in ‘disruption’ there is change. And in ‘glitch’, there is growth.

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Synthetic Dollars at Multi-Billion Dollar Scale: Guy Young, Founder, Ethena Labs

Glitchwire

36 minutes 30 seconds

11 months ago

Synthetic Dollars at Multi-Billion Dollar Scale: Guy Young, Founder, Ethena Labs

In this episode, Marissa Trew interviews Guy Young, the founder of Ethena Labs, to unpack the protocol’s meteoric rise and its impact on the synthetic dollar landscape.

Ethena, a synthetic dollar protocol built on Ethereum, took the crypto industry by storm in 2024, rapidly accumulating over $3.5 billion in total value locked (TVL) within the first few months since its launch.

Guy shares his journey from traditional finance to crypto and explains how Ethena distinguishes itself from fiat-backed stablecoins with its decentralized, high-yield approach. They discuss Ethena's associated risks, its target customer, and how the protocol navigates an evolving regulatory landscape post-US election. Guy also offers his candid take on the competitive landscape within the stablecoin/digital dollar space, and what lies ahead for DeFi.