Deposit USDe into Ethereal and receive eUSDe receipt tokens. Hold to accumulate Ethereal points - and as a bonus unlock the maximum 30x Ethena Rewards multiplier on your deposit. Plus use eUSDe in supported integrations (soon) to amplify your rewards even further.
Ethereal Points are distributed linearly, scaling with your deposit size and duration—the more you deposit, the more you earn.
USDe
2. Hold & earn – maximize your rewards
Simply holding eUSDe - after pre-depositing - earns you Ethereal points plus the bonus 30x Ethena Rewards multiplier on that deposit.
Coming soon: Maximize your Ethereal points with eUSDe-supported integrations, unlocking even greater rewards. Stay tuned!
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Ethereal is a high performance spot and perpetuals DEX built on Converge.
Season Zero opens up pre-deposits into Ethereal. Participating users receive Ethereal Points (in addition to Ethena rewards), priority access to new product launches, and loyalty bonuses for early supporters in future programs.
To participate, simply deposit USDe into the Ethereal deposit contract on Ethereum L1. Ethereal Points are distributed linearly as a function of deposit size and duration.
Season Zero is expected to last until Ethereal's mainnet launch later in the year.
No. USDe deposited into the Ethereal pre-deposit contract can be withdrawn any time.
eUSDe is the receipt token for USDe pre-deposits into Ethereal that enables composability with other DeFi protocols. When a deposit is made, eUSDe is issued which can be redeemed for USDe at any time.