Native USDe Rewards

All users on Ethereal automatically earn native USDe rewards on their full margin balance powered by Ethena.

How it works

Snapshots of each subaccount’s USDe balance are taken periodically throughout each week and transformed into an aggregated average balance. Rewards are distributed via Merkl according to each user's full account equity (with no haircuts applied or debt accrued on unrealized PnL).