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Ethena Pay Earn+ rollout

Story timeline · 2 updates, 28 Oct 2026

Ethena Pay began rolling out Earn+, an optional vault targeting up to 12% annual rewards on dollar balances, initially for Pro and VIP users. Deposits have since neared $10m, with about $2m in the new Earn vault run by SteakhouseFi at roughly 12.7% via an AAVE v4 looping strategy.

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  1. Ethena Pay rolls out Earn+ with target rewards of up to 12%

    Ethena Pay has begun rolling out Earn+, an optional vault targeting up to 12% annual rewards on dollar balances, initially for Pro and VIP users before a wider release. Funds move to an external Upshift vault where Steakhouse Financial runs a leveraged USDe strategy on Aave.

    StablecoinsChainCatcherAIBullish

  2. Ethena Pay deposits approach $10m, Tom Wan says

    On-chain analyst Tom Wan said Ethena Pay deposits have neared $10m, with about $2m in the new Earn vault run by SteakhouseFi, which offers a yield of about 12.7% via an AAVE v4 looping strategy. Wan expects USDe and Ethena Pay deposits to grow with the planned Earn+ rollout.

    StablecoinsCoinNessAIBullish

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.