Ethena Foundation launches Ethena trading points campaign, lasting for six months Foresight News reported that the Ethena Foundation (through an affiliated company) has announced the launch of the Ethena Exchange Points Program: a six-month program aimed at rewarding natural trading activities using USDe as core collateral on exchanges supported by Ethena. Ethena Exchange points consist of two independent programs - the Ethereal Exchange Rewards Program and the HyENA Points Program, each of which typically distributes 100 million points per week to eligible users. \Both projects reward compliant exchange trading activities that use USDe as collateral for margin. After each cycle, the transaction results will be published on the account dashboard. Both projects were launched in early December 2025, with the Ethereal exchange reward program taking effect retrospectively. The event has 24 cycles, each lasting one week. To maintain the fairness of the activity, anti manipulation protection measures will exclude self trading, revolving trading volume, and other manipulative modes, and may set limits on each account and conduct post issuance reviews.