Ethena Pay Launches Earn+ With Target Rewards of Up to 12%
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Ethena Pay's Earn+ uses an Upshift vault targeting roughly 11x leverage on Aave, with depositors exposed to losses and initial capacity capped at $4.5 million.
Ethena Pay has introduced Earn+, offering target rewards of up to 12%, according to The Defiant. The stated rate is a target rather than a guaranteed return.
The product uses an Upshift vault that aims for approximately 11x leverage on Aave. Depositors bear any losses from the strategy.
The vault has an initial capacity limit of $4.5 million, restricting how much it can accept at launch.
Source: The Defiant
