diff --git a/.vscode/launch.json b/.vscode/launch.json
index 12d9b5af5..730fd9806 100644
--- a/.vscode/launch.json
+++ b/.vscode/launch.json
@@ -194,6 +194,7 @@
         "ellipsis-finance",
         "equalizer-exchange",
         "equilibria",
+        "ethena",
         "ether.fi",
         "ethos-reserve",
         "euler",
diff --git a/src/adapters/ethena/ethereum/balance.ts b/src/adapters/ethena/ethereum/balance.ts
new file mode 100644
index 000000000..8c671e85a
--- /dev/null
+++ b/src/adapters/ethena/ethereum/balance.ts
@@ -0,0 +1,64 @@
+import type { Balance, BalancesContext, Contract } from '@lib/adapter'
+import { call } from '@lib/call'
+import { abi as erc20Abi } from '@lib/erc20'
+
+const abi = {
+  stakes: {
+    inputs: [
+      { internalType: 'address', name: '', type: 'address' },
+      { internalType: 'address', name: '', type: 'address' },
+    ],
+    name: 'stakes',
+    outputs: [
+      { internalType: 'uint256', name: 'stakedAmount', type: 'uint256' },
+      { internalType: 'uint152', name: 'coolingDownAmount', type: 'uint152' },
+      { internalType: 'uint104', name: 'cooldownStartTimestamp', type: 'uint104' },
+    ],
+    stateMutability: 'view',
+    type: 'function',
+  },
+  convertToAssets: {
+    inputs: [{ internalType: 'uint256', name: 'shares', type: 'uint256' }],
+    name: 'convertToAssets',
+    outputs: [{ internalType: 'uint256', name: '', type: 'uint256' }],
+    stateMutability: 'view',
+    type: 'function',
+  },
+} as const
+
+const USDe: Contract = {
+  chain: 'ethereum',
+  address: '0x4c9EDD5852cd905f086C759E8383e09bff1E68B3',
+  decimals: 18,
+  symbol: 'USDe',
+}
+
+export async function getEthenaFarmBalance(ctx: BalancesContext, farmer: Contract): Promise<Balance> {
+  const [stakedAmount, coolingDownAmount] = await call({
+    ctx,
+    target: farmer.address,
+    params: [ctx.address, farmer.token!],
+    abi: abi.stakes,
+  })
+
+  return {
+    ...farmer,
+    amount: stakedAmount + coolingDownAmount,
+    underlyings: undefined,
+    rewards: undefined,
+    category: 'farm',
+  }
+}
+
+export async function getEthenaStakeBalance(ctx: BalancesContext, staker: Contract): Promise<Balance> {
+  const userShare = await call({ ctx, target: staker.address, params: [ctx.address], abi: erc20Abi.balanceOf })
+  const userAsset = await call({ ctx, target: staker.address, params: [userShare], abi: abi.convertToAssets })
+
+  return {
+    ...staker,
+    amount: userShare,
+    underlyings: [{ ...USDe, amount: userAsset }],
+    rewards: undefined,
+    category: 'stake',
+  }
+}
diff --git a/src/adapters/ethena/ethereum/index.ts b/src/adapters/ethena/ethereum/index.ts
new file mode 100644
index 000000000..b50094a87
--- /dev/null
+++ b/src/adapters/ethena/ethereum/index.ts
@@ -0,0 +1,36 @@
+import { getEthenaFarmBalance, getEthenaStakeBalance } from '@adapters/ethena/ethereum/balance'
+import type { AdapterConfig, Contract, GetBalancesHandler } from '@lib/adapter'
+import { resolveBalances } from '@lib/balance'
+
+const staker: Contract = {
+  chain: 'ethereum',
+  address: '0x9d39a5de30e57443bff2a8307a4256c8797a3497',
+  underlyings: ['0x4c9edd5852cd905f086c759e8383e09bff1e68b3'],
+}
+
+const farmer: Contract = {
+  chain: 'ethereum',
+  address: '0x8707f238936c12c309bfc2b9959c35828acfc512',
+  token: '0x4c9edd5852cd905f086c759e8383e09bff1e68b3',
+}
+
+export const getContracts = () => {
+  return {
+    contracts: { staker, farmer },
+  }
+}
+
+export const getBalances: GetBalancesHandler<typeof getContracts> = async (ctx, contracts) => {
+  const balances = await resolveBalances<typeof getContracts>(ctx, contracts, {
+    staker: getEthenaStakeBalance,
+    farmer: getEthenaFarmBalance,
+  })
+
+  return {
+    groups: [{ balances }],
+  }
+}
+
+export const config: AdapterConfig = {
+  startDate: undefined,
+}
diff --git a/src/adapters/ethena/index.ts b/src/adapters/ethena/index.ts
new file mode 100644
index 000000000..3a75dae10
--- /dev/null
+++ b/src/adapters/ethena/index.ts
@@ -0,0 +1,10 @@
+import type { Adapter } from '@lib/adapter'
+
+import * as ethereum from './ethereum'
+
+const adapter: Adapter = {
+  id: 'ethena',
+  ethereum: ethereum,
+}
+
+export default adapter
diff --git a/src/adapters/index.ts b/src/adapters/index.ts
index 97436621b..a98422fca 100644
--- a/src/adapters/index.ts
+++ b/src/adapters/index.ts
@@ -103,6 +103,7 @@ import elephantMoney from '@adapters/elephant-money'
 import ellipsisFinance from '@adapters/ellipsis-finance'
 import equalizerExchange from '@adapters/equalizer-exchange'
 import equilibria from '@adapters/equilibria'
+import ethena from '@adapters/ethena'
 import etherFi from '@adapters/ether.fi'
 import ethosReserve from '@adapters/ethos-reserve'
 import euler from '@adapters/euler'
@@ -509,6 +510,7 @@ export const adapters: Adapter[] = [
   ellipsisFinance,
   equalizerExchange,
   equilibria,
+  ethena,
   etherFi,
   ethosReserve,
   euler,