Identity
The reference candidate appears under the Meridian label, while current official documentation identifies the product as Ethereal.
Venue profile
Ethereal, listed as Meridian in the reference directory, offers beta perpetuals on an EVM appchain with an application-specific sequencer.
Reviewed names and aliases: Meridian
Documented details
Reviewed 2026-10-12
The reference candidate appears under the Meridian label, while current official documentation identifies the product as Ethereal.
Official docs describe perpetual futures as the current beta product. The trading guide says orders execute on an order-book engine while margin, funding, and PnL settle on Ethereal.
Ethereal documents an EVM appchain with an application-specific sequencer, Arbitrum One settlement, an Arbitrum execution environment, and Celestia data availability.
Official docs identify USDe as the beta product's concrete deposit token and reward-bearing margin asset; market specifications can change.
Check current terms on the official site before trading. Fees, leverage, markets, access, and collateral can change or depend on the account.