/Ethereal
[01] PROGRAM · MAINNET ALPHA
Ethereal L2
Etherealpoints
Next-gen perpetuals on Ethereal L2.
LIVE / UPDATED —
24h.vol—
open.int—
price.est$0.0500
fdv.est$200.0M
airdrop.alloc15%
pool.week—
ACTIVEPRE-TGE
[02]CALCULATOR
POINTS CALCULATOR
Estimate your earnings on Ethereal
static fallback (backend offline)
24h Volume
$120.00M
Open Interest
—
Pool / week
—
Token price
~$0.0500est.
$5.0k
30 days
PROJECTION
Points by TGE
1.5k pts
Estimated value
$1.5k
Based on $0.0500/token · FDV $200.00M · 15% allocation
Internal estimate (ENA-tied allocation) · verified 2026-05-11
Internal estimate (ENA-tied allocation) · verified 2026-05-11
⚠ estimate:Ethereal points are deposit-based, not volume-based. 15% allocation is to ENA stakers; ETHERAL token economics are not finalized.
Start farming on EtherealFormula: Mainnet Alpha · verified 2026-05-11
Official docs →[03]HOW ETHEREAL POINTS WORK
What you need to know
Ethereal is the only deposit-based program among our 7 — points accrue per dollar of eUSDe held, not per dollar traded. Rate is 0.01 points per day per eUSDe (or equivalent), with multipliers for advanced positions: holding eUSDe directly gives a 30× daily reward multiplier on Ethena Exchange Points (which convert to ENA), and LP pool positions can reach 50×. The platform is in Mainnet Alpha, transitioning between Season 0 and Season 1 — Season 0 participants get a +100% bonus when S1 launches. Zero maker fees on trading.
Official docs ↗MECHANICS
- 01Base rate: 0.01 points per day per dollar of eUSDe held
- 02Linear accrual — no minimum stake, no lock-up
- 03Trading additionally earns points (formula not yet public)
- 04Holding eUSDe: 30× multiplier on Ethena Exchange Points (→ ENA)
- 05LP pools: up to 50× ENA multiplier
- 06Season 0 → Season 1 transition: +100% bonus retroactively
[04]FAQ
Common questions
[05]OTHER PROGRAMS
Start farming
Ethereal.
Open the exchange and start trading. The calculator updates in real time as you accumulate points.
→ OPEN
Ethereal