Seraphim Czecker, head of growth at Ethena, has announced that he is stepping down.
Czecker shared the ‘big personal news’ in one message on Xrevealing that his departure as head of growth at the synthetic dollar protocol comes after an incredible journey that has seen the project become one of the top platforms of the decentralized finance ecosystem.
“It was truly an incredible and rewarding journey,” he wrote. “I joined the protocol around the seed round, made over $1 billion in DeFi partnerships while making sure Ethena was on your mind 24/7 and having an incredible amount of fun while doing it.”
The outgoing Ethena team member (ENA) notes that he has been “actively involved” in the project from zero to a multi-billion dollar success story. The total value of the USDe (USDe) stablecoin issuer currently stands at almost $6 billion, according to DeFiLlama. Much of the rollercoaster growth has come about due to enormous demand from investors looking for returns.
While stepping down from his role at the crypto project, Czecker says his decision also has to do with him being “tired.”
“The company is entering another phase in its growth [but] To be honest, I’m tired of DeFi too. I’ve been doing this for years with no real vacations, have worked with every major liquidity provider, protocol, KOL in the space and deserve some rest. I have literally done everything you can do in DeFi,” he noted.
Czecker plans to continue supporting Ethena from outside and will take one to two months of well-deserved break and rest.
When he returns to actively participating in the industry, his plan is to avoid “pure DeFi.” Instead, he will explore other sectors including artificial intelligence, memes, SocialFi, entertainment and fashion.
