Ethereal is a decentralized spot and perpetuals exchange built on the Ethena, powered by native USDe collateral.
On February 13, 2025, Ethereal launched the Zero pre-deposit season. Every participant of this season receives Ephereal points for depositing USDe and minting eUSDe, as well as for funding available eUSDe pools.
As of May 2025, information about the token from Ethereal (DEX) available yet, but earning points in the company's Season Zero gives you these features: Ethereal Points, priority access to testnet and future platform initiatives, with up to 30x in Ethena Rewards.
1️⃣ Deposit USDe: Enter the amount USDe you'd like to pre-deposit and approve the transaction to begin earning points immediately on the website. This way, you will receive $eUSDe back.
2️⃣ Hold & Earn eUSDe. Once minted $eUSDe, you can earn one point for holding the $eUSDe per token. You can also boost up to 50x your points income by depositing those stablecoins into multiple LPs. Some of them haven’t been released yet, so we suggest you also monitor the project on X and the Points dashboard to stay updated on the releases of new LPs.
3️⃣ Put your eUSDe deposit into an additional pool: Pendle LP, Pendle YT and Morpho Apostro to get additional multipliers to points.
Good Luck! 🍀
Go to the website;
Connect your wallet
Fund your wallet: USDe on Ethereum L1
Mint eUSDe
Explore the main ways to earn points in the “how to join block”;
Keep farming points until the airdrop announcement;
Get your tokens.