- Trade & supply USDe
- Airdrop unconfirmed
- Chain: Robinhood Chain
What is Meridian?
Meridian is the new name of Ethereal, the perp DEX incubated within the Ethena ecosystem. The rebrand was announced in late June 2026, and with it the project moved to Robinhood Chain as a day-one launch partner. Meridian now focuses on real-world asset perpetual futures and prediction markets, with everything settled in Ethena’s USDe stablecoin.
The prediction market side is already live. Users can deposit USDe and take positions on sports, macro, and geopolitical outcomes.
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.
On top of points, Meridian runs recurring combo competitions on its prediction markets. Competition #2 offers 5,000 USDe plus 150,000 PONS to the traders with the highest multipliers on combos of two or more legs. The MLP (Meridian Liquidity Provider) vault is also open, paying USDe rewards, 30x Ethena rewards, and a share of Meridian Points on deposits, currently capped at around $1 million.
Latest Update: The migration of funds from Ethereal to Meridian is now live, and users with balances on the old app can move them over with one click.
How to Participate in the Meridian Airdrop
Step 1: Migrate your funds from Ethereal
If you still hold assets on the old Ethereal app, close any open perp positions, then click the “Migrate to Meridian” button to transfer your balance. Your Ethereal Points history stays attached to your wallet.
Step 2: Connect your wallet to Meridian
Head to the Meridian app and connect your wallet. Points from the Ethereal era should appear in your dashboard once migration data is synced.
Step 3: Fund your wallet with USDe on Robinhood Chain
You need USDe to trade or provide liquidity. You can buy it on Bybit and withdraw, or move funds from another chain with the widget below and swap into USDe.
Swap and bridge across 30+ chains without leaving this page.
Fast routes, low fees.
Opens an interactive bridge widget
Step 4: Trade prediction markets
Open Meridian Predict, deposit USDe, and place positions on live markets. Combos with two or more legs are what count for competition leaderboards, so mix singles with the occasional combo if you want both volume and eligibility.
Step 5: Enter the active Combo Competition
Check the current competition page and track your multiplier. Prizes go to the top combo multipliers, so a small stake on a well-picked combo can outrank larger single bets.
Step 6: Deposit into the MLP vault
Deposit USDe into the MLP vault to earn USDe yield, 30x Ethena rewards, and 20% of the Meridian Points emitted to perps users. The vault has a deposit cap, so check remaining capacity before committing funds.
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
Conclusion
Meridian carries over everything Ethereal built, including your points, and adds live prediction markets, Combo Competitions, and the MLP vault on Robinhood Chain. The immediate moves are simple: migrate any remaining Ethereal balance, get USDe onto Robinhood Chain, and start placing predictions or fill a spot in the vault before the cap is reached.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
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Overview
- Website: meridian.xyz
- Documentation: Visit now
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