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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 Heats Up: Mainnet Alpha on the Horizon, Season One Kicks Off, and Airdrop Points Galore!

Ethereal, the high-performance perp DEX focused on USDe native rewards, has been buzzing with activity! With the highly anticipated Mainnet Alpha approaching, the project has transitioned into a new phase of growth and engagement, offering various opportunities for early participants to secure their spot in future rewards. If you've been eyeing Ethereal for potential airdrops, now's the time to pay close attention to their evolving ecosystem and point-earning mechanics.


🔥 Key Airdrop-Related Highlights:

  • Mainnet Alpha Waitlist NOW LIVE: Get priority access and climb the leaderboard by referring friends – a clear signal for future incentives!
  • Season One Has Launched: The transition from Season Zero is complete, with Epoch 1 beginning on August 14th, marking a new phase for the protocol and its community.
  • Past Testnet Rewards: Active testnet traders were already rewarded with bonus points, USDe, and priority Mainnet access, setting a precedent for recognizing early engagement.
  • Earn Ethereal Points via Strata Season 0: A significant opportunity to accumulate points by pre-depositing USDe and eUSDe.

🚀 Ethereal's Journey: From Testnet to Mainnet Alpha and Beyond!

Ethereal has been diligently building, moving from a successful testnet phase to gearing up for its Mainnet Alpha launch. This journey has been punctuated by various initiatives designed to reward and onboard early adopters.

Mainnet Alpha: Get on the Waitlist for Priority Access!

The most recent and forward-looking announcement is the impending Mainnet Alpha launch. Ethereal has opened a waitlist, encouraging users to sign up for priority access. Crucially, a referral program is in place, allowing users to climb a leaderboard by inviting friends. This type of leaderboard system is often a strong indicator of future allocation or preferential treatment for an airdrop. Don't miss out on securing an early spot!

Season Transition: Farewell Season Zero, Hello Season One!

Ethereal officially announced the end of Season Zero and the immediate commencement of Season One: Epoch 1 on August 14th. This transition signifies a new chapter in the project's development and reward structure. Season One will be composed of multiple epochs, each contributing to the protocol's full vision. If you participated in Season Zero, your contributions are likely already recorded!

Rewarding Early Adopters: Testnet Competition Success

Ethereal has already shown its commitment to rewarding active community members. The recent testnet trading competition concluded successfully, with 100 top traders receiving bonus points, a share of 25,000 USDe, and priority access to trade on mainnet. This demonstrates a clear pattern of incentivizing early and active participation, a critical signal for airdrop hunters.

Strata Integration: Stack Ethereal Points

A significant opportunity to accumulate Ethereal points came with the launch of Strata Season 0, which went live on July 22nd. By pre-depositing USDe and eUSDe on Strata, users could earn an impressive 30x Strata points AND 30x Ethereal points. This cross-protocol collaboration is a key avenue for accumulating potential airdrop eligibility.


🗓️ Key Dates & Events for Airdrop Hunters:

EventDateLink
Mainnet Alpha Waitlist OpenedSept 12, 2025Tweet
Testnet Competition Rewards DistributedAug 15, 2025Tweet
Season Zero ConcludedAug 12, 2025Tweet
Season One: Epoch 1 BeganAug 14, 2025Tweet
Strata Season 0 Launched (30x Ethereal points)July 22, 2025Tweet
Ethereal Public Testnet LiveJune 20, 2025Tweet

Don't miss out! Ethereal is clearly setting the stage for significant user incentives. Participating in the Mainnet Alpha waitlist and staying active within their ecosystem could be crucial for future reward opportunities. Keep a close eye on their announcements!