Ethereal-to-Meridian migration is live; Meridian's MLP vault launched on Robinhood Chain with USDe and Ethena rewards, capped at $1M deposits.
DeFi & Yields ·
Migration from Ethereal to Meridian is now active, with users able to transfer holdings through a dedicated button on the Ethereal interface. Alongside the migration pathway, Meridian has launched its Liquidity Provider vault on Robinhood Chain, offering vault depositors USDe rewards, a 30× multiplier on Ethena rewards, and a 20% allocation of Meridian Points earned by perpetual futures users. The vault accepts deposits up to a $1M cap.
Real-asset perpetual markets are scheduled to debut on Robinhood Chain within the coming weeks as the next phase of the rollout. The vault structure incentivizes early liquidity provision ahead of active trading, though participation remains optional for migrating users.
It remains unclear how the deposit cap will evolve once demand stabilizes, whether additional reward mechanisms will be introduced post-launch, and the full scope of RWA pairs that will be available when mPerp markets go live.