The former DeFi expansion manager who left Lido at the end of October, announced that he has joined Ethena Labs as the growth manager. In July of this year, Ethena Labs completed a $6.5 million financing round led by Dragonfly. The project plans to issue a stablecoin called USDe, which is collateralized by ETH and hedged by an equal amount of ETH short positions. Users can earn dual benefits from ETH collateral and short funding rates while using USDe.