Ethena Foundation Launches Incentive Program for Exchange Users

The Ethena Foundation has announced the launch of the 'Ethena Exchange Points' incentive program. According to PANews, this six-month initiative aims to reward users for genuine trading activities using USDe as the core collateral on exchanges based on Ethena technology, including Ethereal and HyENA. The program consists of two separate sub-projects: 'Ethereal Exchange Rewards' and 'HyENA Points.' Each project typically distributes 100 million points weekly to eligible users, focusing on trades using USDe as margin collateral. Results are updated in user account panels at the end of each weekly cycle. The 'Ethena Exchange Points' program operates independently and can be combined with Ethena's ongoing fifth season points program. To ensure fairness, the system includes anti-manipulation measures to exclude activities such as self-trading and wash trading, and may impose single account limits and post-distribution reviews.