Meridian is the rebranded model of Ethereal, the perpetual futures alternate that Ethena incubated earlier than transferring it to Robinhood Chain as a launch companion in late June 2026. The challenge now runs two merchandise underneath one roof: perpetual futures on real-world property and prediction markets masking sports activities, macro information, and geopolitical occasions. Each commerce settles in Ethena’s USDe stablecoin, so that you’ll want USDe in your pockets earlier than you are able to do something on the platform.
Standing: No token technology occasion has been confirmed. Factors program is at the moment energetic
Chain: Robinhood Chain
Settlement Asset: USDe (Ethena)
Factors Program: Ethereal Factors (carried over) + new Meridian Factors, earned through buying and selling and liquidity provision
Lively Incentive: Combo Competitors #2, 5,000 USDe + 150,000 PONS to high combo multipliers (2+ leg combos solely)
MLP Vault: USDe yield + 30x Ethena rewards + share of Meridian Factors, capped at roughly $1 million in deposits
Declare Deadline: No declare window has been introduced
There’s no confirmed Meridian token but. What exists at the moment is a factors system, cut up between Ethereal Factors carried over from earlier than the rebrand and new Meridian Factors earned by means of present buying and selling and liquidity exercise.
Am I Eligible for the Meridian Airdrop?
Eligibility proper now comes all the way down to exercise, not a snapshot date. In case you traded or deposited on Ethereal earlier than the rebrand, your factors historical past carries over routinely when you migrate your stability, and it ought to seem within the Meridian dashboard after the migration syncs.
In case you’re new to the ecosystem, you qualify just by depositing USDe and utilizing the platform going ahead. There’s no minimal deposit disclosed for primary factors accrual, although the MLP vault and the Combo Competitors every have their very own thresholds, coated under.
Methods to Migrate and Begin Incomes Meridian Factors
- Go to the Ethereal app. Go to the previous Ethereal app, shut any open perpetual positions, then click on “Migrate to Meridian” to switch your Ethereal stability.
- Join your pockets to Meridian. Open the Meridian app and join your pockets. Your migrated factors will seem in your dashboard as soon as the sync is full.
- Fund your pockets with USDe. Purchase USDe on an alternate like Bybit and withdraw it, or bridge from one other chain and swap into USDe utilizing Meridian’s widget.
- Commerce on Meridian Predict. Deposit USDe and open positions on stay prediction markets. Combos of two or extra legs depend towards the competitors leaderboard.
- Enter the Combo Competitors. Examine the present competitors web page for the prize pool and guidelines. Proper now, Competitors #2 is splitting 5,000 USDe and 150,000 PONS among the many merchants with the best combo multipliers.
- Deposit into the MLP vault. Earn USDe yield, a 30x Ethena reward multiplier, and a share of Meridian Factors. The vault has a deposit cap, so examine the remaining capability first.
What May Go Improper With Meridian Factors
Meridian continues to be a younger product constructed on a newly launched chain, and a number of other issues are price weighing earlier than you commit capital.
1. No Confirmed Token or Declare Mechanism
Any factors you accumulate carry no assured worth till Meridian confirms a token technology occasion and declare course of.
2. MLP Vault Deposit Cap
The vault has a tough cap of roughly $1 million. As soon as it fills, new deposits received’t undergo till capability opens up.
3. Migration Timing
Migrating from Ethereal requires closing all open positions first, so timing your migration round market volatility issues in case you’re mid-trade.
4. USDe and Prediction Market Settlement Danger
All the things settles in USDe, so your publicity is tied to Ethena’s stablecoin holding its peg. Prediction markets on geopolitical or macro outcomes additionally carry their very own settlement and determination threat, separate from typical crypto buying and selling.
Nonetheless Studying How Crypto Airdrops Work?
If that is considered one of your first airdrop campaigns, begin with our crypto airdrops information web page to get a strong basis on how airdrops work and what to search for. Additionally it is price checking the most typical airdrop farming errors earlier than you dive in, since a number of of them apply on to campaigns like this one.
Ceaselessly Requested Questions
Nonetheless understanding the main points? These are the questions that come up most with new Meridian customers.
Do I must have used Ethereal earlier than to qualify for Meridian Factors?
No. New customers can begin incomes Meridian Factors by depositing USDe and buying and selling straight on the platform. Prior Ethereal exercise merely means your present factors carry over as a substitute of ranging from zero.
What occurs to my Ethereal Factors if I don’t migrate?
Factors stay tied to your pockets, however they received’t show within the Meridian dashboard till you full the migration step.
What’s the distinction between Ethereal Factors and Meridian Factors?
Ethereal Factors are the stability you earned earlier than the rebrand, carried over routinely when you migrate. Meridian Factors are new factors earned by means of present buying and selling and liquidity provision on the rebranded platform.
Do I want to shut my Ethereal positions earlier than migrating?
Sure. Shut any open perpetual positions on the previous Ethereal app first, then use the “Migrate to Meridian” button to maneuver your stability over.