Ethereal

Latest Update: Wildcat Protocol USDe Lending Market with Ethereal Points

Auros Global has launched a USDe lending market on Wildcat Protocol with up to 5 million USDe supply capacity, enabling users to lend USDe directly to institutional trading firms and earn multiple reward streams. Here’s how to participate:

1. Deposit USDe on Wildcat Protocol (you can purchase USDe directly from Binance or bridge assets to get USDe to Ethereum using Rhino.fi)
2. Earn 15% APR plus 20x multiplier on Ethena Points
3. Receive pro-rata share of 1 million weekly Ethereal Points
4. Request withdrawal anytime with full onchain visibility of fund deployment to Ethereal

This represents the second USDe market created on Wildcat, with additional markets planned as Ethereal expands USDe usage within DeFi. Borrowers deploying funds to Ethereal become eligible for Ethereal Points inclusion after completing Wildcat’s onboarding process and creating a USDe market.

Ethereal Mainnet Alpha Launch and Season One Epoch 2

How to Participate in Season One Epoch 2

1. Visit the Ethereal platform
2. Acquire USDe tokens: You can purchase USDe directly from Binance and withdraw to your personal wallet
3. Make your deposit to the platform
4. Start trading

Current Access

The following users have been whitelisted for mainnet access:

• Top 100 mainnet waitlist users
• Top 100 finishers from the August testnet competition (with prizes credited to their Ethereal accounts)

Earning Opportunities

Users can earn rewards through several activities:

• Season One Points: Earned through trading, holding USDe margin, and referrals
• USDe Rewards: Native rewards on full margin balance
• Ethena Points: Additional points for platform activity

Season Zero participants are eligible for a 100% boost on points earned in Season One, up to their Season Zero balance.

Ethereal Mainnet Alpha Waitlist Launch (Ended)

How to Join the Waitlist

1. Visit the waitlist page
2. Connect your wallet
3. Share your referral link to earn points
4. Track your position on the leaderboard

Existing Participants

All users who participated in Season Zero are automatically included on the waitlist. Their previous participation and referrals are already reflected in their current waitlist score.

Waitlist Score Calculation

Your waitlist position is determined by:

• Season Zero participation history
• Referral activity
• Other onchain metrics

The higher your score, the better your position for priority access to the Mainnet Alpha launch.

Ethereal Introduces Season Zero (SZ0) Role (Ended)

Ethereal has introduced the Season Zero (SZ0) role for participants in their ecosystem. Here’s how to claim this role:

Requirements

• Hold at least 1 eUSDe token
• Deposit USDe on Ethereum Mainnet to receive eUSDe via their platform

How to Claim the SZ0 Role

1. Visit the Discord thread #season-zero-role $SZ0
2. Verify your eligibility through Guild.xyz

Holding any amount of eUSDe (minimum 1 token) guarantees receiving the role, which may be associated with separate airdrop opportunities in the future.

Ethereal Testnet Trading Competition Launch (Ended)

Competition Details

Eligibility: Approximately 2,000 whitelisted wallets have been selected based on:

• Most active testnet traders
• Season Zero users with strong onchain metrics

Funding: Eligible participants have received 1,000 testnet USDe in their Ethereal accounts and can start trading now.

Prize Structure

Top 10 Winners:

• 1st Place: 5,000 USDe
• 2nd Place: 2,500 USDe
• 3rd Place: 1,000 USDe
• 4th-10th Place: 500 USDe each

Additional Winners:

• 11th-25th Place: 250 USDe each
• 26th-100th Place: 125 USDe each

Winner Benefits

All competition winners will receive:

• Day 1 mainnet access to Ethereal
• Bonus Season 1 points drop
• Prize money funded directly to their Ethereal accounts

The competition serves as a final battle-test for the system before mainnet launch, providing selected community members with an opportunity to earn significant rewards while helping optimize the platform.

Frequently Asked Questions

What is the minimum amount of USDe required to participate?
While Ethereal hasn’t specified a minimum deposit amount, you should consider transaction costs when determining your deposit size. Generally, larger deposits are more cost-effective relative to gas fees.

Can I withdraw my USDe deposit at any time?
Yes, standard deposits can be withdrawn at any time without penalties. However, if you choose the Pendle pool option for enhanced rewards, those funds will be locked until May 29th, 2025.

How can I track my accumulated Ethereal points?
Points accumulation should be visible on your dashboard after connecting your wallet to the Ethereal platform. The interface displays your current points total, deposit amount, and other relevant metrics.

Will my points expire if I withdraw my deposit?
Based on similar programs, points earned typically remain associated with your wallet address even if you withdraw your deposit. However, you would stop earning additional points once your funds are withdrawn.

Are Ethereal points transferable between wallets?
No, Ethereal points are non-transferable and tied to the specific wallet address that made the deposit.

Conclusion

Ethereal’s Season Zero campaign represents an opportunity to position yourself for potential rewards in a promising new DeFi protocol that bridges the gap between CEX performance and DeFi principles. By pre-depositing USDe and earning Ethereal points, you’re not only potentially setting yourself up for future token allocations but also gaining priority access to upcoming features and testnet participation.

The flexibility of standard deposits, which can be withdrawn at any time, makes this a relatively low-commitment way to engage with an emerging protocol. For those willing to lock up capital longer-term, the enhanced rewards from the Pendle pool option provide substantial multipliers that could significantly increase your potential returns

As with any early-stage crypto participation, approach Ethereal’s Season Zero with a balanced perspective that weighs potential rewards against the inherent risks and uncertainties of emerging DeFi protocols.