🏆 Announcing the Ethereal testnet trading competition 🏆 Thank you to the thousands of traders who have been actively using Ethereal, providing feedback, and engaging with the community over the past month. As the end of the public testnet phase of Ethereal approaches, we will be running a testnet trading competition for select community members to help further battle-test the system. Over 25,000 USDe in prizes up for grabs! Top 100 traders win. 👇 🫂

Strata Season 0 is now LIVE ✨ Pre-deposit USDe and eUSDe at: Start earning 30x Strata, 30x @Ethena_Labs and @EtherealDex Points.

Introducing Strata Season 0 ✨ Launching 🗓️ July 22nd 🗓️ Our pre-deposit phase designed to kickstart our platform, onboard USDe collateral, and introduce the Strata Points Program. Deposit USDe and eUSDe, and start earning Strata, @ethena_labs and @etherealdex Points. 🧵👇

Ethereal public testnet is now live! Try the app here: Many thanks to the community and Season Zero participants who've helped to guide Ethereal's development so far.

This post nicely capture some of the primary motivations behind @etherealdex design choices With G2 sequencer and other powerful chain infra from @conduitxyz, EVM appchains built on @arbitrum stack offer much more flexibility and performance than in the past while inheriting security from Ethereum For an ambitious product like Ethereal aiming to seamlessly integrate several familiar DeFi product types within a high performance DEX for the @convergeonchain ecosystem, the Lindy, tooling, and composability of the EVM are unmatched

Season Zero Update: @aave now live with eUSDe + August PT-eUSDe Users can deposit eUSDe and @pendle_fi August PT-eUSDe to access the highest fixed-rate yields in DeFi. Ethereal has surpassed $1.2B in total USDe deposits.

Aave governance is now voting to onboard Ethereal Season Zero's eUSDe and August expiry PT-eUSDe tokens via @pendle_fi on @aave V3 core. 550M eUSDe + 100M PT-eUSDe supply cap. Voting closes May 26. If approved, both go live May 27th.

Ethereal testnet 🔜 Arbitrum Everywhere

Over $1.2B has been pre-deposited into Ethereal so far, and the end of Season Zero is fast approaching. As of today a new @pendle_fi pool for eUSDe is live, expiring in August. Season One is expected to begin during the course of this maturity, marking a conclusion of the journey to Ethereal mainnet. Up next: public testnet + mainnet alpha waitlist. Stay tuned for more details 👀

The ultimate DeFi everything app with @celestia underneath Mammoth Mode 🦣