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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
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 has been a hive of activity, transitioning from its successful Season Zero and public testnet phase straight into Mainnet preparations and the highly anticipated Season One! Airdrop hunters, pay close attention – there have been multiple opportunities to earn points and secure your spot for future rewards.

Season Zero Concludes, Season One Begins!

The foundational Season Zero has officially wrapped up, culminating in significant engagement with over $1.2B in pre-deposited USDe. This phase laid the groundwork, rewarding early users who deposited eUSDe and Pendle PT-eUSDe, notably via the integration with Aave and Superform, allowing users to earn high fixed-rate yields.

Now, Ethereal is stepping into its next major phase: Season One, with Epoch 1 kicking off on August 14th! Each epoch in Season One is designed to move Ethereal closer to its full vision, and critically, presents ongoing opportunities for early participants.

Testnet Triumph: Rewards & Priority Access

The Ethereal public testnet, launched back in June, proved to be a lucrative ground for early adopters. A testnet trading competition was held, rewarding proficient traders. The results are in: 100 top traders were celebrated for helping battle-test the platform, earning bonus points, a share of 25,000 USDe, and priority access to trade on the upcoming mainnet. Furthermore, active testnet users also had an "easter egg" moment, earning USDe rewards directly to their margin accounts.

Strata Partnership: Stacking Points!

For those looking to maximize their points, the collaboration with Strata has been a key highlight. Strata Season 0 went live, allowing pre-deposits of USDe and eUSDe to earn a massive 30x Strata and 30x Ethereal points! As Ethereal transitions to Season One, the Strata saga continues, with eUSDe holders now able to mint pUSDe to keep stacking those coveted Strata and Ethereal points.

Key Events for Ethereal Airdrop Hunters

Here’s a quick overview of the most impactful recent events:

EventDateDetailsLinks
Aave Integration (Season Zero)May 27, 2025Users could deposit eUSDe and PT-eUSDe to earn yields, contributing to Season Zero engagement and likely points.Tweet
Public Testnet LaunchJune 20, 2025Opened the doors for active participation, which led to rewards and point-earning opportunities.Tweet
Strata Season 0 LiveJuly 22, 2025Crucial for point hunters: Pre-deposit USDe/eUSDe to earn 30x Strata and 30x Ethereal points.Tweet
Testnet CompetitionJuly 23, 2025Profitable traders earned bonus points, a share of 25,000 USDe, and priority mainnet access.Tweet Results
Season Zero EndsAugust 12, 2025Marks the conclusion of the initial earning phase.Tweet
Season One: Epoch 1 BeginsAugust 14, 2025Kicks off the next major phase of the Ethereal ecosystem. New opportunities for engagement and potential rewards.Tweet
Strata x Ethereal Season OneAugust 13, 2025eUSDe holders can mint pUSDe to continue stacking Strata & Ethereal points in the new season.Tweet

With Mainnet just around the corner and Season One now in full swing, Ethereal continues to build momentum. Keep an eye on their announcements for future opportunities to engage and secure your share of potential airdrops!