Ethereal: A New Liquidity-Based DEX by Ethena — How to Join from the Very Beginning?
The Ethereal project is a promising spot and futures DEX being built in partnership with Ethena, leveraging their massive $6 billion liquidity pool. If you’re already familiar with Ethena and continue farming stablecoins, you will likely be interested in this new phase — participating in the early stage of the Ethereal project.
What is Ethereal?
Ethereal is a decentralized exchange focused on ultra-fast order processing (up to 1 million/sec with latency under 20ms), integrated with the Ethena ecosystem. Although these are two separate projects, they have formed a deep partnership where stablecoins deposited in Ethereal earn you not only their own points and potential airdrop but also a x30 boost in rewards from Ethena.
Why Should You Pay Attention?
- The project is at the earliest stage — pre-deposits have just started.
- Ethereal utilizes Ethena’s liquidity, which provides funds to many leading DeFi projects (Ethena ecosystem).
- Joining now allows you to become an OG participant with a potential future bonus multiplier.
How to Participate?
- Go to the official Ethereal website: https://deposit.ethereal.trade/points
- Deposit USDe (withdrawal available at any time).
- How to get USDe:
- Withdraw from Bybit (not recommended due to high fees).
- Or exchange USDC/USDT for USDe via Uniswap — the most cost-effective way.
- Hold your deposit — the longer you hold, the more points you earn.
- Even if you withdraw USDe, the points you’ve earned remain with you.
What Do You Get?
- x30 bonus on Ethena reward farming — join here.
- Farm Ethereal Points — more about the points.
- Participation at the earliest stage of the new DEX — OG status and future bonuses.
Why Is This Interesting Now?
The project’s total TVL is currently around $50 million — it’s an early phase with high yield potential. It’s expected that after the DEX launch, farming will expand: volumes, trading, and additional rewards, similar to what happened with REYA’s pre-deposits. Right now is a great opportunity to use stablecoins efficiently, participating at the beginning of what could become a key player in the market.
Conclusion:
Ethereal is not just another DEX. It’s a project built on the solid foundation of Ethena’s liquidity, offering a unique opportunity for early adopters. You can earn rewards from both Ethereal and Ethena with a x30 boost, while retaining the flexibility to withdraw your funds at any time.
Ready to farm? Join Ethereal now and make the most of your DeFi participation!
