Ethena is expanding its team for the first time, adding 10 new positions to its new business lines and products.

Guy Young, founder of Ethena Labs, posted on the X platform: "For the past two years, the number of contributors to Ethena has remained roughly stable at around 20-25 people. Today, we are making our first significant team expansion with the creation of 10 new engineering and product positions for two new business lines and a product that will be launching in the next three months or so. Both of these initiatives have the potential to grow to a scale comparable to USDe."