ethereal00

what's ethereal?

Ethereal is a new crypto project built on Ethereum that combines AI functionality with DeFi features. The project has completed its Season Zero with significant success ($1B+ in deposits, 30k+ wallets). It's launching Season One across four epochs starting August 14th, 2025, beginning on Arbitrum One with plans to migrate to Converge. The platform offers rewards programs and will expand to include features like exotic pairs, lending, and LP vaults.

Snapshot

Ethereal featured in Dune dashboard for perp trading; offers 11% funding & 27.2% fee rewards.

3W ago
VISIBILITY EVENT

Featured in a Dune dashboard covering yield-bearing margin in perp trading, created by Entropy Advisors.

TOKEN ECONOMICS

Offers 11% funding rate and 27.2% trading fee rewards plus points to users who short ETH on the platform.

1M ago

Partnership announced with Panda Land, offering a 15% points boost for users using PANDA referral code.

Auros Global establishes an open-term USDe market on Wildcat with up to 5,000,000 USDe capacity at 18% APR, specifically designed to route liquidity to the DEX.

User withdraws all funds from terminal and strata_fi platforms and questions the future of the DEX following the apparent failure of Converge (convergeonchain).

Four product lines operate on the platform: perpetuals, prediction markets, rewards, and lending, with USDe as the central asset across the financial ecosystem.

Ethereal ranks as one of the three fastest-growing chains by TVL according to DefiLlama data.

Mainnet users can generate access codes for the referral program.

Project commits between 5% and 15% of future token supply to sENA (staked ENA) holders as part of the Ethena ecosystem rewards program.

2M ago

Integration with Pyth Network confirmed as the oracle solution for perpetual trading price feeds.

USDe deposits earn 5.1% yield plus points through the Ethena Labs integration.

TGE (Token Generation Event) announced as coming up for the project, which is already live on mainnet.

Platform achieves 10x latency improvement from 500ms to ~50ms through EIP-7966 implementation and APAC RPC migration, resulting in tighter spreads and higher fee revenue.

Platform reaches 3M USDe deposits with mainnet alpha limited to top 100 traders, while announcing whitelabel stablecoin service partners Sui, Jupiter, and MegaETH, and Convergence integration for gas token support.

Mainnet launches and is now live, built on Arbitrum with Celestia for data availability and powered by Conduit infrastructure, featuring integration with Ethena Labs' USDe for earning on spot and perps trading.

Completed $20M funding round at estimated $100M valuation, with the platform available for trade-based airdrop farming.

The DEX launches in 5 days with specific countdown timeline now public.

4M ago

Mainnet launch approaches with alpha waitlist now open for priority access.

Current yield farming shows 3% implied yield for Terminal points and 0.25% implied yield for Strata and Etherealdex, with potential airdrops from these three platforms providing speculative upside for participants.

Traditional finance players including BlackRock and Robinhood drive RWA integration reaching $370M AUM, while DAO generates over $800k monthly revenue through Timeboost and treasury management.

Monthly revenue hits $57M and TVL reaches all-time high of $12B, while expansion to BNB and XRP/HYPE perps is planned alongside new revenue streams through Aave integration and Hyperliquid market.

5M ago

New yield farming opportunities launch with detailed reward structure across multiple protocols, offering up to 400% APR on YT-USDe.

DEX launches trading competition on testnet ahead of mainnet deployment.

New yield farming opportunity enables eUSDe holders to deposit tokens on Strata protocol for amplified sUSDe yields.

6M ago

DEX achieves $700M TVL in testnet and commits 15% of token supply to sENA stakers.

sENA holders now receive points from three additional protocols: Derive.xyz, Echelon Market, and Terminal.fi.

Testnet launches, marking new development phase.

BlackRock $BUIDL clients gain access to exclusive 1:1 $USDtb swap facility, marking significant institutional adoption.

DEX achieves 50ms block times and confirms Securitize partnership for development.

7M ago

New Season Zero Pre-Deposit Vault launches on Superform platform, offering 1x Ethereal Points, 30x Ethena Rewards, and 5x Superform POINTS for deposits.

New eUSDe pool launches on Penpie with 1.6x Ethereal Points, 50x Sats, and boosted PENDLE rewards.

8M ago

DEX reaches $1B in USDe deposits with 21.4% of total USDe supply locked in platform.

Early farming opportunity available during first snapshot period, preceding trading volume metrics activation.

New perpetual trading product launches on platform alongside Converge Chain integration.

Platform reaches $1B in USDe pre-deposits on Converge, indicating strong user adoption.

Platform reaches $1B in USDe deposits with 21.4% of total supply locked, signaling strong pre-launch adoption.

New yield farming opportunity launches with 8% APY on PT-eUSDe until May 28, featuring 91% LTV borrowing on Aave.

New perpetual DEX under development with Converge integration for enhanced performance.

9M ago

PT-eUSDe offers 8.1% Fixed APY with $12M liquidity cap through Pendle Finance integration.

TVL reaches $900M, doubling recently and now 6x larger than HLP. Active points farming program continues.

Early Deposit Vault reaches $900M TVL, approaching $1B milestone.

eUSDe/USDe looping launches with 1.5x point multiplier until April 15th, featuring multi-protocol integration and triple reward structure.

Achieved $718M TVL in pre-deposit stage over past 45 days, equivalent to 36% of Hyperliquid's TVL.

eUSDE now available as collateral on Euler Yield with looping capability and Ethereal points earning.

Points multiplier for sUSDe pool in Pendle ending April 17. Ethena multiplier will be adjusted to 50x from April 17. Referral program active before April 14.

10M ago

Pre-deposit campaign ongoing with 30x Ethena Rewards. Features include depositing USDe to get eUSDe, Pendle LP yielding PT yield + PENDLE LP yield + 1.6X Ethereal points + 50X Ethena Network sats. Unboosted APR around 4%, boosted up to 13%.

TVL breaks through 450M. $300M sUSDe decrease in Ethena since Feb 13th, while $450M eUSDe pre-deposited in Ethereal.

Spot + perp DEX built on Ethena. Season 0 campaign running until May 2025. Offers points for USDe deposits without lockup, with 30x ENA points bonus available.

Pre-deposits open for $USDE holders with 7% yield, earning Ethereal points. Mainnet launch planned for May 2025.

DEX being built on Ethena network, approved by governance with 99.6% votes. Season 0 of liquidity providing started with $58M TVL. Allocated 15% of upcoming governance token to ENA stakers.