Ethereal, a DEX based on the Ethena network, has finally updated its official website. However, the real trading function still needs to wait. Today, it launched its pre-deposit points system to prepare for future early airdrops and warm up the exchange.
Participation is also very simple. To put it simply, you can deposit USD and withdraw it at any time, without lock-up or restriction, just like you deposit USD into Binance. Depositing USDe will give you points, which will be accumulated every day, just like mining. In the future, you will be airdropped the platform currency of the Ethereal exchange, which is similar to BNB .
The more U you deposit and the longer you deposit, the more Ethereal points you will have, and the more airdrop rewards you will receive in the future.
At the same time, you can also get 30 times the ENA airdrop points every day, which is like killing two birds with one stone.
Moreover, the airdrops in the early stages of a project are generally quite generous and can be received until May.
(You can also earn Ethereal points by staking ena in the ENA airdrop event. I also wrote about this in the ENA airdrop tutorial. The two are linked to each other.)
I will show you the operation steps with 20U:
(You need to leave some ETH on the Ethereum chain as gas fee )
1. Withdraw USDT to your Binance web3 wallet. The network is Ethereum mainnet ERC20. The handling fee is 3U each time.
2. Go to ENA official website to exchange your U for USDe, https://app.ethena.fi/join/kxhze, main menu -> Buy, both are stable currencies, 1:1 exchangeable with each other,
Withdrawing coins consumes 3U, and there are 17U left
3. After exchanging USDe, you can deposit it on the Ehereal official website
https://deposit.ethereal.trade/points?ref=B0TDOQ
Click Max to stake all, confirm, and you’re done!
You can see your staking results here.
FAQ:
1. What is Ethereal?
A: Ethereal is a high-performance spot and perpetual contract decentralized exchange (DEX) built on the Ethena network.
2. What is the “Season 0 Event”?
A: Season 0 opens pre-deposits for Ethereal. Participating users will receive Ethereal airdrop points (and Ethena airdrop points rewards), experience new product releases first, and provide loyalty rewards for early supporters in future plans.
3. How long will the “Season 0 Event” last?
A: Season 0 is expected to last until the Ethereal mainnet launch, probably later this year (planned for May 2025).
4. Will my funds be locked?
A: No. USDe deposited into the Ethereal deposit contract can be withdrawn at any time.
5. What is eUSDe?
A: eUSDe is a receipt token for USDe pre-deposited into Ethereal, which enables funds to be combined with other DeFi protocols. When a deposit is made, eUSDe is issued, which can be redeemed back to USDe at any time.
