Ethena launches Earn+ feature offering up to 12% APY on USD balances within Ethena Pay.
DeFi & Yields ·
Ethena Pay has introduced Earn+, a feature enabling users to earn up to 12% annual percentage yield on USD balances held within the Ethena Pay application. The product leverages an Aave v4 carry trade vault to generate returns on stablecoin deposits. According to the announcement, the offering includes a $200,000 limit on VIP deposits, with daily withdrawal processing available to participants.
The Earn+ mechanism operates by routing user USD balances into the underlying yield-generating infrastructure, allowing holders of the stablecoin to accrue returns passively. This feature expands Ethena Pay's utility beyond payments into savings and yield generation, positioning the app as a multi-function financial tool within the decentralized finance ecosystem.
Key operational details remain to be clarified, including the precise eligibility criteria for VIP tier access, the full fee structure, and whether yield accrual differs between standard and VIP accounts. The sustainability of the 12% rate and any changes to deposit limits or withdrawal timelines have not yet been specified.