Ethereal introduces phased access to its Alpha mainnet, offering perpetual contract trading and rewards for whitelisted users in Season One: Epoch 2.
Ethereal, a decentralized perpetuals exchange by Ethena, launched its Alpha mainnet on October 22, enabling leveraged trading with USDe as margin collateral. Whitelisted users can begin trading perpetual contracts and earn trading points, USDe rewards, and Ethena points. The platform transitions to weekly points distribution from Season One: Epoch 2 onward.