airdrops2farms

Being early. That's usually a bid advantage. Especially in our crypto space. I think I found project where we're still early and we can participate in pre-deposit SEZON ZERO.

What's the project?

Ethereal Trade.

Perpetual exchange built on top of the Ena Ecosystem and it's stablecoin USDe.

How to join?

https://deposit.ethereal.trade/points?ref=DXLKQ7 (reflink)

Let's back to Ethereal deposits.

Pre-Deposit (Sezon-Zero) has begun 13 February and will continue to May.

IMO we'll see mainnet in May (that's what the Team have announced) but the TGE will happen later in 2025.

So that's at least a 6 months from now. 

I think long term depositor will eat good 👀

Let's dive into numbers:

(Source Dune Dashboard)

Total depositors: 18.390

TVL: 413m$

Looking good. Team will probably go linear but maybe they will chose to reward early depositors with "Base" reward.

From my perspective Ethereal trade might be interesting place to "park" part of Your stablecoin for the next few months. 

Crypto market isn't in the best condition and a lot of people sits on stablecoins bags.

Potential APR looks good. I threat Ethereal more likely farm on unknown APR than airdrop.

Who's with me? 🙃

Before we deep please remember about risks:

1.  Universal crypto/blockchain risk. 
2. USDe depeg risk
3. Deposit smart contract risk

It's important to keep in mind those potential vulnerabilities but it shouldn't influence all of Your decision.

R/R calculation over fear.