Ethena Launches Earn Plus Feature Routing Dollar Deposits To Aave Protocols

TL;DR Ethena Pay launched Earn+, a feature that allows users to earn higher rewards on a portion of their dollar balances. Deposits are routed into an Upshift vault managed by Steakhouse, which uses Aave’s lending markets on Avalanche. Earn+ has no lock-up period and processes withdrawals within 24 hours. Deposit limits range from $20,000 to $200,000, depending on the account tier. Ethena Pay launched Earn+, a new savings feature that allows users to earn higher rewards on their dollar balances through a strategy that uses Aave V4 lending markets on Avalanche . The app, developed by Ethena, launched in approximately 50 countries in September. Users can hold dollar balances, make payments, and earn rewards automatically.

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