Ethereal: Ethereal is a perp DEX

Ethereal is a perp DEX being developed by the Ethena team.

A points program is live, with farming started 12 weeks ago.

OTC point pricing is around $0.01–$0.015 per point.

Access is invite-only.

Fees: 0% maker / 0.03% taker.

Recent daily volume averages $80M–$100M.