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Ethereal
Tier S

Ethereal

Expected Gains
★★★★☆
Time Required
15 min
Quest Nature
Financial
Funding Info
Proposed to be integrated with Ethena's ecosystem, potentially benefiting from Ethena's backing
Category:
DeFi
WebsiteTwitterDiscord
90
Airdrop Score
Airdrop Dashboard

Project Overview

Ethereal is a decentralized exchange (DEX) for spot and perpetual futures trading, built on the upcoming Ethena Network using USDe as its primary asset. It aims to offer centralized exchange-like performance while maintaining self-custody and flexibility.

Guide

  1. Go to https://deposit.ethereal.trade/points?ref=AZGSAF
  2. Connect wallet to Ethereal platform
  3. Deposit USDe to receive eUSDe receipt tokens
  4. Hold eUSDe or deposit into supported integrations for boosted points
  5. Participate in trading activities once the platform launches

Maximize Potential

  1. Deposit USDe early in the Season Zero event
  2. Hold eUSDe for 30x/day rewards multiplier
  3. Participate in supported integrations for boosted points
  4. Engage with the referral program

Latest X Summary

Ethereal Project Summary

Ethereal is making waves in the DeFi space with its innovative approach to onchain trading and a series of exciting airdrop-related events. Here's a concise summary of the latest happenings that airdrop hunters should be aware of:

Key Highlights

  • Season Zero Launch: Ethereal has kicked off its Season Zero, a campaign that includes multiple borrowing options and incentives for users. This season is marked by significant pre-deposits and collaborations with various protocols.

  • Pre-Deposits and Protocol Collaborations:

    • $750M USDe Pre-Deposited: Ethereal has seen a massive $750 million USDe pre-deposited, indicating strong interest and participation.
    • Collaborations: Ethereal is working with protocols like @morpholabs, @eulerfinance, @sparkdotfi, and @Contango_xyz, alongside existing integrations with @ethena_labs and @pendle_fi.

  • Incentives and Rewards:

    • Ethereal Points and Ethena Rewards: Users can earn 1.5x Ethereal Points during the first two weeks of participation, followed by 1x. Additionally, there are 30x Ethena Rewards available.
    • Apostro Incentives & Raffles: Special incentives and raffles are being offered through collaborations with @apostro_xyz.

Recent Airdrop-Related Events

DateEventDetails
April 1, 2025Option 6: Supply & Borrow via @apostro_xyz on @MorphoLabs- 1.5x Ethereal Points during the first two weeks (then 1x) - 30x Ethena Rewards - Apostro Incentives & Raffles Tweet
March 27, 2025Option 3: Supply & Borrow with eUSDe via @eulerfinance- 1.5x Ethereal Points during the first two weeks (then 1x) - 30x Ethena Rewards - Euler Incentives Tweet
March 24, 2025Testnet AccessSelected users are getting exclusive early access to the Ethereal testnet. Check the app to see if you’ve been selected. Tweet

Additional Information

  • Ethereal Early Deposit Vault: The vault has reached $900 million in TVL, nearing the $1 billion milestone. This indicates robust participation and trust in the platform.

  • Technical Developments: Ethereal is building a high-performance spot and perpetual DEX on @convergeonchain, powered by @ethena_labs and USDe, with @arbitrum and @celestia as underlying technologies.

For more updates and detailed information, follow Ethereal on Twitter: Ethereal Twitter

Latest Tweets

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