Meridian（旧 Ethereal）

Meridian (ex-Ethereal) is perps + Predict on Robinhood Chain. Separate deployment: Ethereal balances, subaccounts, IDs, signatures, and linked signers do not carry over. Settlement via USDe → MeridianUSD (merUSD). App: https://app.meridian.xyz . Token TBA. Points continuity not confirmed in primary docs.

Ethereal sits within the Ethena ecosystem and stands out for centring its exchange design on USDe. The token ticker and full details remain unconfirmed​, and reports suggest 15% of supply may go to an airdrop, with mentions of $ENA stakers as a possible target — but eligibility and distribution mechanics are not officially confirmed. DefiLlama tracks two separate figures: 'Ethereal DEX' ($11.6M TVL) and 'Ethereal Season Zero' ($2.1M TVL), which should not be conflated as they measure different things. There is no verifiable audit information or history of past incidents available from primary sources, so security posture remains unclear. Because this is a pre-token early-stage project, there is upside potential but also a high share of unverified claims worth keeping in mind.

The loyalty boost and referral reward mechanics are currently live earning levers, so starting to trade early and sharing a referral link is the most direct route to accumulating points. Specific quest names and deadlines are announced periodically via the official blog, so no fixed campaign schedule can be guaranteed here.