Staking sENA

In September 2024, Ethereal launched a points campaign tied to sENA staking. Users who staked sENA through Ethena began accruing points.

This campaign coincided with Ethereal’s governance proposal to the Ethena community, which requested integration of Ethereal into Ethena’s reserve management framework. The proposal outlined plans for Ethereal to serve as an onchain venue for managing spot and derivative positions backing USDe, and included a proposed 15% future token allocation to sENA holders.

Users can check their points at app.ethena.fi/sena. View the full proposal at https://gov.ethenafoundation.com/t/introducing-ethereal-request-to-ethena-governance-on-integration/154.