Seraphim Czecker Steps Down as Head of Growth at Ethena
Seraphim Czecker, the head of growth at Ethena, has announced he is stepping down.
Czecker shared the news of his departure in a post on X, revealing that his decision comes after a successful journey with the synthetic dollar protocol. He joined Ethena during the seed round and played a key role in driving over $1 billion in DeFi partnerships, contributing to the platform’s growth in the decentralized finance ecosystem.
“It has been a truly incredible and rewarding journey,” he wrote. “I joined the protocol around the seed round, drove $1B+ in DeFi partnerships while making sure Ethena is on your mind 24/7 and had incredible fun while doing it.”
During his time at Ethena, Czecker has been actively involved in the project’s growth, witnessing its rise to a multi-billion dollar success story. The total value locked in the USDe stablecoin issuer currently stands at nearly $6 billion, reflecting the platform’s popularity among yield-hungry investors.
Although he is stepping down from his role, Czecker attributes his decision to feeling tired after years of dedicated work in the DeFi space.
“The firm is entering a different phase in its growth [but] truth be told, I am also tired of DeFi. I’ve been doing this for years without any real holidays, worked with every major liquidity provider, protocol, KOL in the space and deserve some rest. I’ve done literally everything you could do in DeFi,” he noted.
While Czecker plans to take a break and rest for one to two months, he intends to continue supporting Ethena from outside. Upon his return to the industry, he aims to explore other sectors beyond DeFi, such as artificial intelligence, memes, SocialFi, entertainment, and fashion.