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

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Trade & supply USDe
Airdrop unconfirmed
Chain: Robinhood Chain

Ongoing

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.

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.

Bridge funds

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.

Latest Update: 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 long expected to launch a token, but the team has not confirmed an airdrop, a token, or a TGE date.

Do Ethereal Points carry over to Meridian?

Yes. Points earned on Ethereal through deposits, trading, and referrals stay tied to your wallet and will display in the Meridian app. Migrating your funds keeps your history in one place.

What happens to funds still sitting on Ethereal?

They stay yours, but Ethereal perps are in close-only mode. Close positions and use the “Migrate to Meridian” button on the old app to move balances over, since new rewards accrue on Meridian.

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.

Trade & supply USDe

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.

Want more airdrops like Meridian? Discover potential retroactive airdrops →