# What is Ethereal?

Ethereal is the only perps DEX building a complete all-in-one DeFi money app around USDe

### Product Overview

* [**Perpetual futures**](https://docs.ethereal.trade/trading/perpetual-futures) – the beta release of Ethereal offers perpetuals trading with institutional grade performance, deep liquidity, and [reward-bearing margin powered by USDe](https://docs.ethereal.trade/trading/usde-balance-rewards)
* **High-throughput, low latency** – order matching is handled inside Ethereal's application-specific sequencer for CEX-like speed with onchain security guarantees
* **DeFi everything app -** spot, money markets, RWA, and additional products roll out in subsequent product releases, with settlement in USDe

### Ethereal Chain

Ethereal is deployed as an EVM appchain with the following configuration:

* Settlement via Arbitrum One
* Arbitrum execution environment 
* Celestia data availability 

These components of the Ethereal tech stack enable the configurability and customizability necessary for Ethereal's full product vision while ensuring scalable, high-performance trading with security inherited from Ethereum.