Ethereal DEX

Ethereal is a non-custodial DEX for spot and perpetual contracts built on the Ethena Network, using USDe as the primary collateral and engineered for CEX-level performance with DeFi security

## Overview Ethereal DEX is a non-custodial decentralized exchange built on the Ethena Network that combines spot trading and perpetual futures contracts in a single interface. The platform uses USDe—Ethena's native stablecoin—as its primary collateral mechanism, creating a unified settlement layer for both immediate and leveraged positions. Unlike traditional DEXs that separate spot and derivatives functionality, Ethereal integrates both order types, allowing users to manage correlated positions across asset classes without moving funds between protocols or wrapping assets. The platform is de