# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.ethereal.trade/introduction/what-is-ethereal.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.