Ethereal is building a global perps market around USDe, a multi-trillion-dollar opportunity that moves trading from centralized exchanges to an onchain venue. By using USDe as a settlement and gas asset, Ethereal has created a system with simple UX and access to deep liquidity.

Ethereal runs as an @arbitrum Orbit chain, which natively supports OFTs as gas tokens. New Arbitrum Orbit chains can use this framework going forward with any of the 500 assets using the OFT Standard.

LayerZero plays a key role in providing rails for USDe. • Zero slippage USDe deposits from any chain • Gas + settlement embedded a single asset • Bridging natively in the app and Stargate Interop's role will only expand as they roll out a full suite of USDe-native products.