Meridian (prev. Ethereal) Airdrop » How to be eligible?

-4°

Trade & supply USDe
Airdrop unconfirmed
Chain: Robinhood Chain

Ongoing

Jump to steps Updated 20 Oct 2026 · 7 steps

Meridian Airdrop Details

Ethereal Points earned through past deposits and trading carry over and will display in the Meridian app, and new Meridian Points are being emitted for current activity.

Meridian has not announced a token, airdrop allocation or TGE date, so any future drop remains speculative. What does exist is a live points program: Ethereal Points earned through earlier deposits and trading stay tied to your wallet. New Meridian Points are emitted to current users.

Perps traders, now including mPerps on mainnet, receive the bulk of Meridian Points, while depositors in the Meridian Liquidity Provider (MLP) vault share 20% of all points emitted to perps traders, plus USDe rewards and Ethena Rewards. Meridian Predict runs its own incentives on top: event-based Predict Competitions with prize pools for the best combo returns plus Monthly Reload Boosts that every Predict user qualifies for automatically.

Latest Update: Meridian referrals are live through December 31, paying 20% of referred users’ perps fees and Meridian Points plus USDe rewards on their Predict volume.

How to Participate in the Meridian Airdrop

Step 1: Migrate Leftover Ethereal Funds

Former Ethereal users should open the Ethereal app, close any open positions and use the “Migrate to Meridian” button. Your Ethereal Points history moves with your wallet and shows up in the Meridian dashboard after migration. New users can skip this step.

Step 2: Get USDe on Robinhood Chain

Meridian uses USDe as collateral for perps, predictions and the vault. You can buy USDe or ETH on Bybit and then move it over with the bridge widget below, which can also swap your funds into USDe on Robinhood Chain.

Bridge funds

Swap and bridge across 30+ chains without leaving this page.
Fast routes, low fees.

Opens an interactive bridge widget

Step 3: Connect Your Wallet and Deposit

Go to the Meridian app, connect your EVM wallet and deposit USDe into your trading account. Keep a small amount of ETH in your wallet for gas on Robinhood Chain.

Step 4: Trade Perps and mPerps

Open the Perps tab and place trades on crypto markets or mPerps tied to real-world assets. Perps activity is the main source of Meridian Points. Size positions carefully, since mPerp marks freeze during market closures and can gap at reopen.

Step 5: Deposit Into the MLP Vault

Deposit USDe into the MLP vault to earn USDe rewards, Ethena Rewards and a share of the 20% points pool reserved for liquidity providers. The vault works with a deposit cap, so check remaining capacity in the app before moving funds.

Step 6: Join a Predict Competition

Open Meridian Predict, pick a live competition and place combo predictions with two or more legs. The combos with the highest returns split the prize pool. Several competitions often run at the same time.

Copy your referral link from the Meridian app and share it with friends. Until December 31, you earn boosted rewards on every user you bring in:

20% of their perps trading fees
20% of the Meridian Points they earn
USDe rewards on their Predict volume

Meridian Testnet Live on Robinhood Chain

Meridian has opened a public testnet on Robinhood Chain Testnet (chain ID 46630), covering its prediction markets and mPerps (Mutualized Perpetuals) products. Meridian has no token, and no points program or reward has been announced for testnet activity.

Trade on the Meridian Testnet

Add Robinhood Chain Testnet to your wallet using the Robinhood Chain docs (chain ID 46630, ETH gas token)
Request testnet ETH for gas from the Robinhood Chain faucet
Claim test USD and wrap it into MeridianUSD at the Meridian faucet
Open the Meridian testnet app and place prediction or perp trades

All balances are test tokens with no real value, so no asset purchase or bridging is needed.

Tips for Maximizing Meridian Points

Migrate before trading anywhere else: Your Ethereal Points only display on Meridian after migration, and the final Ethereal Points distribution is tied to the migration window.

Fill MLP capacity early: The vault cap sits around $1 million, and capped vaults with points attached tend to fill fast.

Stay consistent across weekly cycles: Points on Ethereal were distributed in weekly snapshots. Regular activity across weeks scores better than one large burst.

Frequently Asked Questions

Is there a confirmed Meridian airdrop?

No. Meridian runs an active points program and its predecessor Ethereal was widely expected to launch a token. Still, the team has not confirmed a Meridian token, airdrop allocation or TGE date. Points are the only reward tracked for future distribution right now.

Do Ethereal Points carry over to Meridian?

Yes. Ethereal Points earned through deposits, trading and referrals stay attached to your wallet and display in the Meridian app once you migrate your remaining Ethereal balance using the “Migrate to Meridian” button on the old app.

Do I need money to farm Meridian Points?

Yes. Meridian Points come from trading perps and depositing into the MLP vault, both of which need USDe on Robinhood Chain. Predict Competitions also require USDe stakes, although a small combo can still place well on the leaderboard.

How do I earn Meridian Points?

Meridian emits points to perps traders. MLP vault depositors receive 20% of everything emitted to perps traders, plus USDe and Ethena Rewards. Until December 31, referrers also earn 20% of the Meridian Points their invited users collect. Meridian Predict adds separate prize pools through its competitions and Monthly Reload Boosts.

Does the Meridian testnet earn rewards?

No rewards have been announced for testnet activity. Meridian runs a public testnet on Robinhood Chain Testnet with test tokens from a faucet, which is useful for practicing perps and predictions, but only mainnet activity earns Meridian Points.

What happens if I start farming Meridian late?

Meridian has not announced a snapshot date or season end, so points keep accruing on current activity. Earlier users have more time to build a balance and Ethereal users keep their historical points. New users can still start at any time.

Conclusion

Meridian brings Ethereal’s points history to Robinhood Chain and adds live mPerps, Meridian Predict and the MLP vault, all settled in USDe. The core routine is simple: migrate any old Ethereal balance, get USDe onto Robinhood Chain, trade perps and grab vault capacity whenever it opens. Boosted referrals run until December 31 for anyone who wants to bring friends along.

Trade & supply USDe

What is Meridian?

Meridian is an onchain trading venue on Robinhood Chain that combines perpetual futures and prediction markets in one app. It is the rebranded version of Ethereal, the perp DEX incubated in the Ethena ecosystem. Meridian launched on Robinhood Chain as a day-one partner on July 1, 2026. Everything on Meridian settles in USDe, Ethena’s synthetic dollar.

The perps exchange runs a central limit order book with offchain matching and onchain settlement. Next to standard crypto perps, Meridian offers mutualized perps (mPerps), which track real-world references such as equity indices and commodities and stay tradable when the underlying market is closed. Meridian Predict, the prediction side, lets users trade single outcomes or multi-leg combos on sports, macro and geopolitical events, priced through RFQ auctions between market makers.

Want more airdrops like Meridian? Discover Robinhood Chain ecosystem airdrops →