The decentralized exchange "Ethereal" based on Ethena Network officially opens the use of USDe to participate in the Season Zero pre-deposit event
Not familiar with Ethereal?
Ethereal is a decentralized exchange designed specifically for the Ethena Network. It will provide spot and perpetual contract transactions, and all transactions will be conducted in USDe.
In other words, Ethereal will greatly expand the application scenarios of USDe, allowing users to not only use USDe transactions on centralized exchanges, but also directly participate in spot and contract transactions with USDe on the chain.
In the longer term, according to information released by Ethereal, Ethena may also move the hedging strategies running the underlying logic of the protocol directly to Ethereal in the future, and no longer need to rely heavily on the contract liquidity of centralized exchanges.
What is Season Zero?
Season 0 can be considered as a testing phase. Currently, USDe on the Ethereum mainnet can be staked into Ethereal to earn Ethereal airdrop points + Ethena airdrop points.
Staking income: Ethereal airdrop points, 30x Ethena airdrop points
Deposit and withdraw at any time without locking up
After staking USDe, you will get eUSDe, which can be used to participate in other protocol benefits in the future
After staking, you can go to the official DC to fill in the address to get OG role
Why stake USDe on Ethereal?
30x Ethena airdrop points, which is a relatively high-multiple option in USDe single-coin staking. Most USDe single-coin staking can only get an airdrop multiplier of 5x~20x.
(If you originally staked in a low-rate USDe pool, you can now consider transferring to Ethereal to earn 30x airdrop points)
If you don’t have $ENA , you can now get Ethereal airdrop points through the stablecoin USDe.
(Originally only sENA holders could earn Ethereal airdrop points)
Summarize
Ethereal can be considered the hub of the Ethena Network. As the first protocol to announce support for the Ethena Network, it can be expected that Ethena officials will provide a lot of assistance to Ethereal, so the potential profit opportunities may be better than expected!
Currently, Ethereal's TVL is about 75M, and there are not many people and funds involved.
According to the official announcement, airdrop points are calculated based on the amount of funds and pledge time, so the earlier you join, the more advantages you will have.
According to Ethereal’s official information, the mainnet is expected to be launched in May 2025, so Season Zero will only last about three months (one season). Seize the opportunity and participate now!
The gas fee of Ethereum mainnet is very low recently. Authorization + staking will only cost about 1U, so don't worry.
I put the Ethereal website address at the top of the message.
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※Ethena code：
eu54u
※Ethereal code:
R7AH81
※The above content does not constitute investment advice. Please operate according to your own risk tolerance and DYOR participate in the investment market with caution.
※The picture is taken from Ethereal Dapp&Mirror