The important details
Snapshots are Wednesday at 23:59 UTC; points are distributed Friday.
The model considers fees, open interest, maker/taker activity, liquidations and referrals.
No fixed cash value or conversion ratio is stated for Ethereal Points.
Who can participate?
Eligible exchange users performing authentic activity.
Costs and risks
Trading, funding, liquidation and USDe collateral risks apply.
Restrictions
Artificial activity does not qualify; do not combine different reward programs into a promised return.
What the source establishes
The current documentation describes an ongoing points system; no dated end was found.
Prizes are conditional. Points do not imply a token allocation or a guaranteed return. The official rules take precedence over this summary.