
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 ...

Ethena Exchange Points

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...
Next generation decentralized spot and perpetuals trading powered by USDe.



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 ...

Ethena Exchange Points

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...
Next generation decentralized spot and perpetuals trading powered by USDe.

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Ethereal will soon enter Mainnet Alpha! This is another exciting milestone for Ethereal and will mark the beginning of its mainnet rollout. As of today, the mainnet waitlist is live for sign ups. Users can also boost their position on the waitlist by referring friends.
Once launched, access to trading on Ethereal mainnet will be determined by users’ Waitlist Score. Higher scores correspond to higher positions in the mainnet waitlist. Authentic referral activity between now and launch can improve waitlist positioning, which can be monitored using the Ethereal app.
The waitlist has been initialized with all Season Zero participants scored based on Season Zero participation, as well as other onchain metrics. These scores can be boosted with authentic referral activity.
Joining the Waitlist
Connect wallet at https://deposit.ethereal.trade/waitlist
Share referral link with traders privately and publicly
Track position on the leaderboard
What’s Next?
Epoch 2 will follow the waitlist. Those granted access from Mainnet Alpha Waitlist will be the first to trade on mainnet and earn Ethereal trading points.
Users will be onboarded in waves based on their waitlist position. Keep checking the app and referring friends to improve your ranking.
Stay up to date with the latest news and developments by following us on our socials and joining the Ethereal community on Discord:
Ethereal will soon enter Mainnet Alpha! This is another exciting milestone for Ethereal and will mark the beginning of its mainnet rollout. As of today, the mainnet waitlist is live for sign ups. Users can also boost their position on the waitlist by referring friends.
Once launched, access to trading on Ethereal mainnet will be determined by users’ Waitlist Score. Higher scores correspond to higher positions in the mainnet waitlist. Authentic referral activity between now and launch can improve waitlist positioning, which can be monitored using the Ethereal app.
The waitlist has been initialized with all Season Zero participants scored based on Season Zero participation, as well as other onchain metrics. These scores can be boosted with authentic referral activity.
Joining the Waitlist
Connect wallet at https://deposit.ethereal.trade/waitlist
Share referral link with traders privately and publicly
Track position on the leaderboard
What’s Next?
Epoch 2 will follow the waitlist. Those granted access from Mainnet Alpha Waitlist will be the first to trade on mainnet and earn Ethereal trading points.
Users will be onboarded in waves based on their waitlist position. Keep checking the app and referring friends to improve your ranking.
Stay up to date with the latest news and developments by following us on our socials and joining the Ethereal community on Discord:
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