Ethena Incentivizes Traders on HyENA and Ethereal with Expanded Points Initiative

Ethena has rolled out a fresh rewards program designed to recognize and incentivize genuine trading volume across its partner exchanges. According to reports from Odaily, the project recently unveiled what it calls “Exchange Points”—a new initiative that operates alongside its existing Season 5 Points Program, offering traders dual pathways to accumulate rewards.

Massive Weekly Rewards Transform Trading Opportunities

Both HyENA and Ethereal will allocate 100 million points each week throughout a six-month campaign, with distributions now underway. This substantial point allocation demonstrates Ethena’s commitment to rewarding users who generate real trading activity rather than passive participation. The reward structure is proportional to actual trading behavior, meaning more active traders on these platforms stand to earn greater benefits.

Flexible Program Design Maximizes Earning Potential

What sets this new initiative apart is its flexible architecture. The Exchange Points Program operates as an independent track, allowing it to run separately from the ongoing Season 5 Points Program. However, users are not restricted to choosing one or the other—the two programs can be combined, enabling traders to earn rewards through multiple channels simultaneously. This layered approach gives HyENA and Ethereal users more opportunities to accumulate value while engaging with Ethena’s ecosystem.