The Ethena Foundation launches a 6-month "Ethena Exchange Points" incentive program.

PANews reported on February 3 that the Ethena Foundation has announced the launch of the "Ethena Exchange Points" incentive program. This six-month program aims to reward users for genuine trading activity using USDe as core collateral on exchanges based on Ethena technology (including Ethereal and HyENA). The program comprises two separate sub-projects: "Ethereal Exchange Rewards" and "HyENA Points." Each project will typically distribute 100 million points weekly to eligible users, rewarding trading activity using USDe as collateral. Results will be updated to the user's account panel at the end of each cycle (weekly).

"Ethena Exchange Points" are independent of and can be combined with Ethena's ongoing Q5 points program. To ensure the fairness of the program, the system has anti-manipulation protection measures in place to exclude self-trading, cyclical volume manipulation, and other such behaviors, and may implement single-account limits and post-distribution reviews.