New Incentive Program Enhances Trading Engagement
The Ethena Foundation has recently announced the launch of its new six-month incentive initiative — Ethena Exchange Points, designed to encourage genuine trading activity on platforms built with Ethena technology. The program focuses on rewarding transactions where users utilize USDe as collateral. Participating platforms include Ethereal and HyENA.
Dual-Reward Structure with Weekly Token Distributions
The incentive program consists of two components: Ethereal Exchange Rewards and HyENA Points. Each program will distribute up to 100 million points weekly to eligible users. Participants simply need to engage in authentic trading using USDe as margin to qualify for weekly rewards, which are updated on users' dashboards after each cycle.
Promoting Fair Participation with Anti-Manipulation Measures
To ensure fairness and integrity, the system includes robust anti-gaming protocols to detect and exclude wash trading and artificial volume generation. Additionally, individual account caps may be applied, and post-distribution audits will be conducted to maintain the program’s transparency.
Complementary to Season 5 Incentive Campaign
Ethena Exchange Points operates independently from the ongoing Season 5 incentive program, allowing participants to benefit from both initiatives simultaneously. This dual-program model enhances overall user engagement and reward opportunities.