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 Arbitrum.
Season One introduces a unique points allocation system, where points are awarded based on specific criteria for each Epoch, starting with eUSDe for the current Epoch and evolving to include different factors in later Epochs.
An Ethereal Epoch refers to a specific period during which we run a particular initiative. The duration of an Epoch is dynamic with no fixed rules. Throughout Season One, we will have multiple Epochs, each lasting for varying lengths of time.
No. USDe deposited into the Ethereal pre-deposit contract can be withdrawn any time.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.