Participate & Earn

How to Deposit

1️⃣ Fund Your Wallet: Hold USDe on Ethereum L1.

2️⃣ Connect: Navigate to the Points page and click on "Connect Wallet" to get started. You will need to sign (no gas needed) and agree to the Terms of Service before you can make your first deposit.

3️⃣ Deposit: Enter the amount you'd like to pre-deposit and approve the transaction to begin earning points immediately. You can withdraw your pre-deposit at any time.

The longer you maintain your pre-deposit, the greater your future rewards will be in later seasons. You will stop earning points if you withdraw, but will keep the points you've accumulated up until that point.

4️⃣ Mint eUSDe: Once you deposit USDe, you will receive an equivalent amount of Ethereal USDe (eUSDe), a 1:1 redeemable receipt token that represents your pre-deposit.

5️⃣ Hold & Earn: You can track your eUSDe holdings and points at any time on the Points dashboard. Simply hold eUSDe to earn a 30x/day rewards multiplier or deposit your eUSDe into supported integrations for boosted points.

Rewards

By default, all eUSDe holders will earn:

• Ethereal Points: Priority access to testnet and future platform initiatives

• 30x Ethena Rewards: Boosted sats rewards