Ethereal’s Season Zero Program is officially live. In addition to kicking off the countdown to Ethereal's launch, Season Zero marks the beginning of Ethereal's bootstrapping phase and initial onboarding of USDe collateral.

Early supporters can participate in this pre-launch program by using the Ethereal app to deposit USDe and unlock:

• Ethereal Points: Linearly accruing points scaling with size and duration of deposit

• 30x Ethena Rewards Multiplier: Earn additional Ethena rewards on USDe deposits

• Exclusive Perks: Priority access to testnet and future platform initiatives

• Referral Program: Share your referral link to earn additional rewards

Ethereal is building a next-generation spot and perpetual DEX that brings institutional-grade trading onchain. As the first native application building on the Ethena Network, Ethereal is designed to seamlessly onboard the Ethena ecosystem’s $6B+ in liquidity as part of our mission to create the deepest orderbook in DeFi.

We believe that users shouldn’t have to choose between self-custody and high performance—full stop. To that end, Ethereal’s architecture delivers unprecedented performance for decentralized trading—sub-20ms latency and 1M+ orders per second—while maintaining complete self-custody.

We are excited to begin sharing the Ethereal testnet trading app with a cohort of early community members, starting with Season Zero participants. Stay tuned for more details on this!

Early community members may also earn the Ethereal OG discord server role. In addition to recognizing key early contributors, this will also offer exclusive benefits as well as direct access to drive product development for the Ethereal Protocol as it begins to take shape.

Season Zero represents the first step in Ethereal’s mission to bridge the gap between centralized and decentralized trading. Community participation helps build the foundation for institutional-grade infrastructure where onchain trading meets complete self-custody.

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