Ethena Labs

Ethena Labs is the crypto-native protocol behind USDe, a synthetic dollar backed by spot crypto assets, onchain custody, and delta-neutral hedging positions on centralized liquidity venues, alongside the staked savings instrument sUSDe (the "Internet Bond"), the governance token ENA, and USDtb. Ethena exposes a public Minting API for whitelisted institutional participants to mint and redeem USDe: a request-for-quote (RFQ) flow returns firm 15-minute quotes that are signed with EIP-712 (or EIP-1271 for smart-contract wallets) and submitted onchain. This profile was surfaced as a portfolio company of Ribbit Capital and enriched with the real developer surface documented at docs.ethena.fi.

Ethena Labs publishes 1 API on the APIs.io network. Tagged areas include Company, Crypto, Stablecoin, DeFi, and Synthetic Dollar.

Ethena Labs’ developer surface includes documentation, API reference, getting-started guide, support, authentication, changelog, and 19 more developer resources.

🌐 Visit website 📡 Source on GitHub
33.2/100 thin Agent 38/100 agent aware Full breakdown ↓
scored 2026-07-20 · rubric v0.4
1 APIs 1 MCP Servers 0 Features
CompanyCryptoStablecoinDeFiSynthetic DollarMintingBlockchainEthereum

API Rating

API Evangelist API Evangelist Rating How this is scored →
scored 2026-07-20 · rubric v0.4
Composite quality — 33.2/100 · thin
Contract Quality 0.0 / 25
Developer Ergonomics 13.0 / 20
Commercial Clarity 3.7 / 20
Operational Transparency 7.2 / 13
Governance 0.0 / 12
Discoverability 9.3 / 10
Agent readiness — 38/100 · agent aware
Machine-Readable Contract 0 / 18
Agentic Access Contract 0 / 15
MCP Server 12 / 12
Machine-Readable Auth 10 / 10
Idempotency 9 / 9
Stable Error Semantics 8 / 8
Request/Response Examples 0 / 7
Rate-Limit Signaling 0 / 7
Typed Event Surface 0 / 6
Agent Skills 0 / 5
Well-Known Catalog 0 / 4
Consent & Bot Identity 0 / 3
Improve this rating by publishing the missing artifacts — every area above can be raised, and the full rubric is at apis.io/rating/. This rating is computed from github.com/api-evangelist/ethena-labs: open an issue to ask a question, or submit a pull request to add artifacts. Want it done for you? Prioritized profiling — $2,500 →

APIs

Ethena Minting API

Public request-for-quote (RFQ) minting and redemption API for USDe. Whitelisted participants check asset availability, request a firm 15-minute quote, fetch the fee schedule, si...

MCP Servers

ethena-labs-mcp.yml

MCP SERVER

Resources

Get Started 2

Portal, sign-up, and the first successful call

DeveloperPortal
DeveloperPortal
 GettingStarted
GettingStarted

Documentation 2

Reference material describing how the API behaves

Documentation
Documentation
 APIReference
APIReference

Agent Surfaces 2

MCP servers, agent skills, and machine-readable catalogs

LLMsTxt
LLMsTxt
 MCPServer
MCPServer

Design & Contract 5

Pagination, idempotency, versioning, errors, and events

ErrorCatalog
ErrorCatalog
 Conventions
Conventions
 Idempotency
Idempotency
 Lifecycle
Lifecycle
 Conformance
Conformance

Build 3

SDKs, sample code, and the tooling you integrate with

GitHubOrganization
GitHubOrganization
 Packages
Packages
 SDKs
SDKs

Access & Security 5

Authentication, authorization, and security posture

TrustCenter
TrustCenter
 Authentication
Authentication
 VulnerabilityDisclosure
VulnerabilityDisclosure
 Security
Security
 DomainSecurity
DomainSecurity

Operate 4

Status, limits, changes, and where to get help

StatusPage
StatusPage
 Support
Support
 Deprecation
Deprecation
 ChangeLog
ChangeLog

Commercial 1

Pricing, plans, and the legal terms of use

TermsOfService
TermsOfService

Company 1

The organization behind the API

Website
Website

Source (apis.yml)

apis.yml Raw ↑ 
aid: ethena-labs
name: Ethena Labs
description: 'Ethena Labs is the crypto-native protocol behind USDe, a synthetic dollar backed by spot crypto assets, onchain
  custody, and delta-neutral hedging positions on centralized liquidity venues, alongside the staked savings instrument sUSDe
  (the "Internet Bond"), the governance token ENA, and USDtb. Ethena exposes a public Minting API for whitelisted institutional
  participants to mint and redeem USDe: a request-for-quote (RFQ) flow returns firm 15-minute quotes that are signed with
  EIP-712 (or EIP-1271 for smart-contract wallets) and submitted onchain. This profile was surfaced as a portfolio company
  of Ribbit Capital and enriched with the real developer surface documented at docs.ethena.fi.'
url: https://raw.githubusercontent.com/api-evangelist/ethena-labs/refs/heads/main/apis.yml
x-type: company
x-source: vc-portfolio
x-backed-by:
- ribbit-capital
x-tier: stub
x-tier-reason: portfolio-lead
specificationVersion: '0.20'
created: '2026-07-17'
modified: '2026-07-19'
image: https://ethena.fi/shared/ethena-logo.svg
tags:
- Company
- Crypto
- Stablecoin
- DeFi
- Synthetic Dollar
- Minting
- Blockchain
- Ethereum
apis:
- name: Ethena Minting API
  description: Public request-for-quote (RFQ) minting and redemption API for USDe. Whitelisted participants check asset availability,
    request a firm 15-minute quote, fetch the fee schedule, sign the order with EIP-712 / EIP-1271, submit it onchain, and
    poll for order confirmation. Access is gated by IP whitelisting and onchain wallet-address whitelisting.
  humanURL: https://docs.ethena.fi/api-documentation/overview
  baseURL: https://public.api.ethena.fi
  tags:
  - Minting
  - Redemption
  - RFQ
  - Stablecoin
  properties:
  - type: Documentation
    url: https://docs.ethena.fi/api-documentation/overview
  - type: InteractiveDocumentation
    url: https://public.api.ethena.fi/docs/
  - type: Authentication
    url: authentication/ethena-labs-authentication.yml
  - type: ErrorCatalog
    url: errors/ethena-labs-error-codes.yml
  - type: Conventions
    url: conventions/ethena-labs-conventions.yml
  - type: Idempotency
    url: conventions/ethena-labs-conventions.yml
  - type: MCPServer
    url: mcp/ethena-labs-mcp.yml
maintainers:
- FN: Kin Lane
  email: kin@apievangelist.com
- FN: APIs.json
  email: info@apis.io
common:
- type: Website
  url: https://ethena.fi
- type: DeveloperPortal
  url: https://docs.ethena.fi
- type: Documentation
  url: https://docs.ethena.fi/api-documentation/overview
- type: APIReference
  url: https://public.api.ethena.fi/docs/
- type: GettingStarted
  url: https://docs.ethena.fi/technical-design/minting-usde
- type: GitHubOrganization
  url: https://github.com/ethena-labs
- type: StatusPage
  url: https://status.ethena.fi/
- type: TermsOfService
  url: https://docs.ethena.fi/resources/usde-mint-user-agreement
- type: TrustCenter
  url: https://docs.ethena.fi/resources/audits
- type: Support
  url: https://docs.ethena.fi
- type: LLMsTxt
  url: llms/ethena-labs-llms.txt
- type: Packages
  url: packages/ethena-labs-packages.yml
- type: SDKs
  url: packages/ethena-labs-packages.yml
- type: Authentication
  url: authentication/ethena-labs-authentication.yml
- type: ErrorCatalog
  url: errors/ethena-labs-error-codes.yml
- type: Conventions
  url: conventions/ethena-labs-conventions.yml
- type: Idempotency
  url: conventions/ethena-labs-conventions.yml
- type: Lifecycle
  url: lifecycle/ethena-labs-lifecycle.yml
- type: Deprecation
  url: lifecycle/ethena-labs-lifecycle.yml
- type: ChangeLog
  url: changelog/ethena-labs-changelog.yml
- type: Conformance
  url: conformance/ethena-labs-conformance.yml
- type: VulnerabilityDisclosure
  url: security/ethena-labs-vulnerability-disclosure.yml
- type: Security
  url: security/ethena-labs-vulnerability-disclosure.yml
- type: DomainSecurity
  url: security/ethena-labs-domain-security.yml
- type: MCPServer
  url: mcp/ethena-labs-mcp.yml
x-enrichment:
  date: '2026-07-19'
  status: backfilled
  pass: local-v1
  note: backfilled from .gitignore signal + verified work evidence