Ethena Launches HyENA Reward Program for Active Traders

The Ethena Foundation has officially launched an exciting initiative designed to empower the trading community. This latest incentive program is called “Ethena Exchange Points” and is a six-month effort to reward users who demonstrate substantial trading activity using USDe as collateral on various Ethena-based platforms. As reported by PANews, this initiative marks Ethena’s commitment to ongoing user engagement and the development of a robust ecosystem.

Two-Pillar Structure: Ethereal and HyENA

Ethena’s strategy is built on two complementary programs. The first is the “Ethereal Exchange Rewards,” while the second, equally important, is the “HyENA Points.” Both platforms serve as integral components of the Ethena ecosystem, each offering unique participation pathways for traders. By launching these two programs simultaneously, Ethena provides users with the flexibility to choose the platform that best suits their trading strategies, especially for those using USDe as a margin instrument in their trading.

Distributing 100 Million Points Weekly to USDe Holders

The reward mechanism is transparent and measurable. Each project distributes 100 million points to eligible users every week, with a particular focus on trading activity that uses USDe as collateral. Calculations and results updates are automatically reflected on users’ account dashboards at the end of each weekly cycle, ensuring full transparency. An important innovation here is that the Ethena Exchange Points program can be fully combined with Ethena’s ongoing fifth season program, offering multipliers for traders active in both programs simultaneously.

Security System: Protecting Against Market Manipulation

To ensure the integrity of the program and safeguard the ecosystem from unfair practices, Ethena has implemented a comprehensive set of anti-manipulation mechanisms. This system is designed to identify and exclude suspicious activities such as self-trading and wash trading that harm the legitimate trading community. Additionally, account limits prevent individual users from accumulating excessive rewards, while post-distribution reviews ensure that all points awarded have undergone thorough verification. This multi-layered approach demonstrates Ethena’s serious commitment to building trust and creating a healthy trading environment for HyENA, Ethereal, and the entire ecosystem.