Avalanche Unleashes Powerful Ethena Pay Earn+ 12% Yields

Avalanche is powering Ethena Pay’s most ambitious yield product. The network supports Earn+, a new feature in its self-custodial money app that brings bigger target yields for the first time, up to 12% on dollar deposits. It’s a departure from neobank-style payments into highly-structured on-chain yield, with deposits put into a vault run by Upshift and curated by Steakhouse, running on Aave v4 on AVAX. The network announced the launch via its official X account. Ethena says Earn+ is live for Pro and VIP users and will expand to everyone over the next few days. It’s been a couple weeks since Ethena Pay’s beta launch, which debuted Avalanche as its sole settlement layer. Users deposit dollars in Ethena Pay and funds convert into USDe, Ethena’s synthetic dollar.

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