
Mainnet Alpha & Season One Update
The Ethereal Mainnet Alpha will launch on October 20th. This is another exciting step towards bringing our vision of a DeFi everything app powered by USDe to life. Thank you to all the users and community members who have contributed to the development of Ethereal so far. Access will initially be limited to the top 100 users currently on the Ethereal mainnet waitlist. As a reminder, waitlist position is a function of Season Zero participation, referral activity, and other onchain/DeFi wallet ...

Season One Update
Season Zero RecapLaunch of Season Zero program on Ethereum mainnet in February Integration of eUSDe with major DeFi protocols like Pendle, Aave, Morpho, Spark, Euler, and many others Pre-deposits surpassed $1B with over 30,000 unique depositors Private testnet app released in April 2025 with a small cohort of community members Continuous product improvements including advanced order types, native USDe rewards, and other UI/UX improvements & bug fixes Public testnet app launched in June with s...

Ethereal x Wildcat
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Mainnet Alpha & Season One Update
The Ethereal Mainnet Alpha will launch on October 20th. This is another exciting step towards bringing our vision of a DeFi everything app powered by USDe to life. Thank you to all the users and community members who have contributed to the development of Ethereal so far. Access will initially be limited to the top 100 users currently on the Ethereal mainnet waitlist. As a reminder, waitlist position is a function of Season Zero participation, referral activity, and other onchain/DeFi wallet ...

Season One Update
Season Zero RecapLaunch of Season Zero program on Ethereum mainnet in February Integration of eUSDe with major DeFi protocols like Pendle, Aave, Morpho, Spark, Euler, and many others Pre-deposits surpassed $1B with over 30,000 unique depositors Private testnet app released in April 2025 with a small cohort of community members Continuous product improvements including advanced order types, native USDe rewards, and other UI/UX improvements & bug fixes Public testnet app launched in June with s...

Ethereal x Wildcat
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Ethena has launched the Ethena Exchange Points campaign, a six-month program rewarding trading activity on Ethereal with ENA.
Ethereal has been allocated 100 million points weekly which are awarded in addition to existing rewards such as Ethereal Points, Balance Rewards, and Trading Rewards.
Earning Points
Points accrue based on authentic trading activity across 24 weekly epochs. The program is live- all eligible activity will be backdated to the start of the program.
Track your points at app.ethereal.trade/points.
Ethereal x Ethena
Ethereal is the only platform in the market aiming to build a complete and vertically integrated DeFi ecosystem centered around USDe starting with perpetuals and ultimately expanding to spot, money markets, prediction markets, and more. Ethena Exchange Points are another step forward in Ethereal and Ethena’s wider collaboration expand global adoption of USDe in DeFi.
Stay up to date with the latest news and developments by following us on our socials and joining the Ethereal community:
Ethena has launched the Ethena Exchange Points campaign, a six-month program rewarding trading activity on Ethereal with ENA.
Ethereal has been allocated 100 million points weekly which are awarded in addition to existing rewards such as Ethereal Points, Balance Rewards, and Trading Rewards.
Earning Points
Points accrue based on authentic trading activity across 24 weekly epochs. The program is live- all eligible activity will be backdated to the start of the program.
Track your points at app.ethereal.trade/points.
Ethereal x Ethena
Ethereal is the only platform in the market aiming to build a complete and vertically integrated DeFi ecosystem centered around USDe starting with perpetuals and ultimately expanding to spot, money markets, prediction markets, and more. Ethena Exchange Points are another step forward in Ethereal and Ethena’s wider collaboration expand global adoption of USDe in DeFi.
Stay up to date with the latest news and developments by following us on our socials and joining the Ethereal community:
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