Ethereal

Next generation decentralized spot and perpetuals trading powered by USDe.
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[Ethereal @etherealdex]

Ethereal's Mainnet Alpha is now live

Trade perps and earn USDe rewards on your full margin balance

[██░░░░░░░░] → USDe everything app

[MIGUEL DE SOUSA @miguelweb3]

you didn't hear it from me but @etherealdex is letting testers into something called Ethereal Predict (usde-native prediction market, combine outcomes into multi-leg positions)

comment "access" if you're keen to try it

[Ethereal @etherealdex]

@ethena @JupiterExchange @megaeth @SuiNetwork @KaminoFinance bullish on ethena

[Ethena @ethena]

Here's what happened @ethena in May:

• Crossed $500m+ in total Whitelabel supply across @JupiterExchange, @megaeth, and @SuiNetwork.

• Launched dedicated Ethena markets on @JupiterExchange and @KaminoFinance. Combined market size crossed $1b within days of launch.

• ENA went live on @Solana via @SunriseDeFi.

• Ethena's TVL on @Solana crossed $500m, up from $50m a month ago, making it Ethena's second-largest chain outside of Ethereum.

• USDe supply grew over 15% in the last 30 days.

• USDtb supply is back above $1 billion, up over 70% in the last 30 days.

• Surpassed $33b in cross-chain transfer volume across all Ethena assets via @LayerZero_Core.

• PT-srUSDe by @Stata_Markets hit $45m supplied on @aave.

• @hyenatrade crossed $2m in all-time USDe rewards to traders.

• @ManifestFinance chose Ethena to back USH, its real estate-backed token.

• @etherealdex expanded user testing for Ethereal Predict, a USDe-native prediction market that lets users combine outcomes into multi-leg positions.

• Published an analysis of the basis trade on gold perpetuals, following the recent post on USDe backing diversification.

• Updated the transparency page with a more detailed breakdown of USDe's backing reserves.

• Published a security post on the recent rsETH incident, covering what happened, the response, and the design decisions that protect USDe.

• Deprecated USDe and sUSDe bridging for several chains focusing security and operational resources where USDe activity is most meaningful.

[Ethena @ethena]

Ethena’s cross-chain footprint has grown to span dozens of networks.

Maintaining that footprint at scale means focusing security and operational resources on the routes where USDe activity is most meaningful, and sunsetting paths which are not.

As part of this periodic review, USDe & sUSDe bridging will be deprecated on the following chains:

Initia, Kava, Manta, Metis, Mode, Scroll, X Layer, zkSync, Swell and Morph.

New inflows have been disabled. Users holding tokens on any of these chains should bridge back to Ethereum or another supported chain before June 20.

The simplified mesh network is provided in the image below.
Less is more.

[Ethena @ethena]

Here's what happened in April @ethena:

• Announced a planned diversification of $USDe backing.

• USDe was listed on @aave's @megaeth instance.

• Crossed $600m in Ethena Whitelabel stablecoin supply across USDm, jupUSD, and suiUSDe, with more to come.

• @BitGo integrated Ethena-powered dollar savings for institutional clients.

• @krakenfx became the first US exchange to support Ethena rewards on $USDe.

• Partnered with @lifiprotocol on https://t.co/CmU5ZHVCZm Earn, a new product enabling any wallet, app, or fintech to offer onchain savings to their users.

• Launched new Ethena pools on @pendle_fi across the full range of Ethena assets.

• @origami_fi launched a new vault built on Ethena assets.

• @3janexyz added Ethena assets to their credit-based money market.

• $BASED claiming for all eligible sENA holders went live.

• $4m in rewards distributed to reUSD and reUSDe holders in under a year via @re.

• @etherealdex began alpha testing Ethereal Predict, a USDe native prediction market

• Opened new roles. https://t.co/U5G3ZFe0rV

• Operated through the rsETH incident without any issues - billions in $USDe mint and redeem flows handled cleanly, with Ethena contributing to the recovery.

Onwards.

[Ethereal @etherealdex]

Weekly Ethereal Points and rewards are live

200M points distributed
$44k in USDe rewards

https://t.co/uy6qsuGIIa

[Ethereal @etherealdex]

Weekly Ethereal Points and rewards are live

200M points distributed
$43k in USDe rewards

https://t.co/uy6qsuGIIa

[Ethereal @etherealdex]

Join the Ethereal Discord to join the conversation and stay in the loop

https://t.co/sk5bDskMt2

[Ethereal @etherealdex]

Ethereal Developer Updates - April 15, 2026

[Ethereal @etherealdex]

Socket(dot)io support is now in maintenance mode and will be fully shutdown in 1 month. WS is faster, has more subscription streams, and is easier to integrate.

https://t.co/qswIfXZXYs

[𝕯𝖆𝖓𝖌𝖊𝖗 @safetyth1rd]

.@etherealdex is a perp dex with usde base collateral

Allowing you to earn 3.5%+ rewards up to 23%

[Ethereal @etherealdex]

Weekly Ethereal Points and rewards are live

200M points distributed
$44k in USDe rewards

https://t.co/uy6qsuGIIa

[Ethereal @etherealdex]

Weekly Ethereal Points and rewards are live

200M points distributed
$47k in USDe rewards

https://t.co/uy6qsuGIIa

[Ethena @ethena]

Here's what happened @ethena in March:

• @krakenfx enabled USDe rewards, becoming the first US exchange to offer Ethena-powered savings.

• Launched a dedicated ecosystem environment on @aave V4 with two Spokes, more than any other ecosystem.

• @privy_io integrated Ethena-powered savings into its wallet infrastructure, bringing access to 120m+ accounts.

• Went live on @WalletConnect Pay, enabling merchants to accept USDe at checkout.

• $2m+ in USDe rewards distributed to traders on @etherealdex and @hyenatrade.

• @etherealdex crossed $120m in open interest backed by USDe.

• @hyenatrade crossed $3b in total volume.

• Crossed $150m+ in total Ethena Whitelabel stablecoin supply across three native stablecoins.

• @BasedOneX confirmed a portion of their token supply will go to sENA holders.

• Reduced sUSDe unstaking period from 7 days to 1 day.

• Added USDe as collateral on @Compound_xyz V3.

• Added fixed-rate borrowing for PT-sUSDe on @lista_dao for $USD1 and $U.

• @KappaLab_io listed an open-term USDe market on Wildcat with up to 1m USDe capacity at 10% APR.

• Rolled out Ethena incentives on @hyperion_xyz and @the_goblin_fi.

• Integrated with @lifiprotocol Composer for single-transaction access to Ethena vaults from any chain.

• Presented at @blockworksDAS.

• Launched USDe Learn & Earn on @HTX_Global.

• @strata_markets USDe market reached $250M in TVL.

• Published an engineering blog on the Resolv USR incident and how Ethena's issuance mechanics are built to prevent similar outcomes.