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Ethena Pay Rolls Out Earn+ With Up to 12% Target Rewards

2 outlets · first seen 1d ago · latest 4h ago

DeFiStablecoins
  • The Defiantfirst seen

    Ethena Pay Rolls Out Earn+ With Up to 12% Target Rewards

    The Upshift vault targets roughly 11 times leverage on Aave, with depositors bearing losses and an initial $4.5 million capacity limit.…

  • Blockonomi

    Ethena Pay Launches Earn+ Vault With 11x USDe Leverage on Aave

    TLDR Ethena Pay launched Earn+, a vault that loops USDe and USDT at about 11 times leverage and advertises up to 12% APY. The USDe price feed used on Aave follows USDT, so it may not detect a USDe-only drop in value. At 11x leverage, a 2% USDe discount would erase 22% of a user’s starting equity, before costs. A…