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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 Update

Ethereal is making waves in the DeFi space with its innovative approach to onchain trading and collateral management. Here's a summary of the latest developments and opportunities for airdrop hunters and crypto enthusiasts.

Key Highlights

  • Season Zero Launch: Ethereal has launched Season Zero, a campaign featuring multiple protocols and borrowing options. This season is marked by significant pre-deposits and collaborations with various DeFi platforms.

  • Aave Governance Vote: Aave governance is currently voting on onboarding Ethereal's PT-eUSDe for Season Zero. If approved, PT-eUSDe will be available as collateral on Ethereum Mainnet with a 150M supply cap. Voting closes on April 29. Read more

  • Ethereal Points and Rewards: Participants can earn Ethereal Points and Ethena Rewards by engaging with various borrowing options. These incentives are designed to encourage participation and liquidity in the ecosystem.

Recent Developments

DateEventDetails
April 25Aave Governance VoteVoting on PT-eUSDe onboarding for Season Zero. Voting closes April 29. Details
April 21$eUSDe Supported on TermMaxUsers can now borrow $USDC against $eUSDe at a fixed rate with up to 92% LTV.
April 8Early Deposit Vault MilestoneEthereal Early Deposit Vault reached $900 million in TVL.
April 1Season Zero Protocols and IncentivesMultiple protocols including MorphoLabs, Euler Finance, and SparkFi are participating in Season Zero with various incentives like Ethereal Points and Ethena Rewards.
March 27eUSDe Vaults on Euler FilledNew supply caps introduced to meet demand.
March 24Ethereal Testnet AccessSelected users are getting exclusive early access to the Ethereal testnet.

Participation Opportunities

  • Supply & Borrow Options: Users can supply and borrow against eUSDe via platforms like MorphoLabs and Euler Finance. These options come with incentives such as Ethereal Points and Ethena Rewards.

  • Incentive Programs: Engage with Ethereal's ecosystem to earn boosted rewards and participate in raffles and other incentive programs.

Conclusion

Ethereal is actively expanding its ecosystem with strategic partnerships and innovative financial products. Season Zero offers a unique opportunity for users to engage with the platform and earn rewards. Keep an eye on the Aave governance vote and explore the various borrowing options available to maximize your participation in Ethereal's growing DeFi landscape.

For more updates, follow Ethereal on Twitter and stay tuned for the latest developments in the DeFi space.

Latest Tweets

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