Lido is urging holders of its DVV, GGV, and stRATEGY vaults to upgrade to the new EarnETH vault as the older products are being sunset. Over $100M has already migrated to the consolidated vault.
Key changes:
- EarnETH deploys capital across blue-chip DeFi protocols including Aave, Pendle, and Morpho
- New first-loss protection mechanism: $5M in Lido DAO treasury funds absorb the first 1% of losses before user deposits are affected
- Accepts ETH, WETH, (w)stETH, and legacy Lido Earn tokens
- Fully transparent, real-time allocation monitoring
The migration consolidates Lido's DeFi strategy offerings, which have attracted $250M+ in deposits since September 2025. A parallel EarnUSD vault for stablecoin yields launched alongside EarnETH.
Lido Earn: First-Loss Protection🛡️ Dedicated protocol reserves now act as first-loss protection to cover user deposits. Live on stake.lido.fi/earn. ↓
🏦 EarnUSD: Transparent, onchain USD rewards Introducing the first Lido USD-denominated vault. EarnUSD deploys assets across curated onchain strategies on Ethereum, operating within defined asset selection and transparent reporting standards. Depositors receive earnUSD,
Migration Notice: The previous Lido Earn vaults - GGV, stRATEGY, and DVV - are being sunset as part of the transition to the new EarnETH and EarnUSD vaults. To migrate existing positions into new vaults, follow the instructions here: help.lido.fi/en/articles/14…
Stablecoins represent a significant share of Ethereum DeFi activity. With EarnUSD, Lido protocol now enables access to both ETH and USD-denominated crypto assets under the same strict transparency and security standards that have transformed stETH into the backbone of Ethereum.
EarnUSD: Transparent, onchain USD rewards The first Lido stablecoin product. Instant access to USD-denominated DeFi rewards with transparent asset selection and risk controls. stake.lido.fi/earn/usd
Lido Earn introduces an innovative onchain, first-loss alignment mechanism to cover potential user losses in extreme scenarios. To cover potential Earn user losses, Lido DAO has allocated $5m in treasury funds to further align Lido DAO with the Lido Earn initiative and to put in
EarnETH accepts ETH, WETH and (w)stETH, as well as existing Lido Earn tokens - GG/DVstETH/strETH. Deposit to receive earnETH, bringing you daily, auto-compounded rewards from the leading protocols on Ethereum.
Since launching in September 2025, Lido Earn vaults have attracted $250M+ in deposits. Powered by @mellowprotocol, Lido Earn now consists of two core vaults - EarnETH & EarnUSD - optimised for simplicity and capital efficiency.
🏦 EarnETH: DeFi rewards made simple The EarnETH vault allocates capital across established DeFi protocols including @aave, @Morpho, @pendle_fi, @GearboxProtocol, @maplefinance and more, dynamically shifting toward stronger opportunities as conditions change. Deposit to
The flagship Lido Earn DeFi strategy - EarnETH - is now available for stVaults via the DeFi Wrapper connector. Launch a public staking product with DeFi-amplified APR in one day. ↓
Lido Earn: Upgrade Notice Calling all DVV, GGV & stRATEGY holders -- upgrade to the new EarnETH vault to maximise your rewards. $100M+ has already migrated to EarnETH, reaping the benefits of enhanced rewards.
All EarnETH vault allocations are fully transparent and can be monitored in real-time. No more black box - know exactly where your ETH is working for you. ... All underpinned by the Lido DAO treasury, providing first-loss protection to users.
Start earning today. blog.lido.fi/lido-earn-expa…
Lido EarnETH deploys capital across blue-chip DeFi protocols including @aave, @pendle_fi & @Morpho. The exact allocation may vary over time based on market conditions and strategy performance. All strategies are ETH-correlated to help minimize risk from price volatility.
Lido DAO Proposes 10,000 stETH Treasury Swap for LDO Tokens
The Lido Growth Committee has published a proposal on the DAO forum seeking authorization to purchase LDO tokens using up to 10,000 stETH from the treasury. **Key Details:** - Proposal aims to utilize existing treasury assets for strategic token acquisition - Would involve converting staked ETH holdings into native governance tokens - Community discussion and feedback period now open on the forum This follows previous discussions around automated buyback mechanisms for LDO, suggesting ongoing efforts to optimize treasury management and token economics. [Read the full proposal](https://research.lido.fi/t/utilizing-market-opportunities-steth-ldo-trade)
Lido Impact Staking Donates 6.44 ETH to Social Causes in First Year
**Lido Impact Staking (LIS) marks one-year milestone**, demonstrating how Ethereum staking can fund social impact projects. **Key achievements:** - 8 organizations onboarded (up from 1 at launch) - 204.78 ETH staked through the program - 6.44 ETH in staking rewards donated to partner organizations - Focus areas: climate, infrastructure, and inequality issues Built by [@launchnodes](https://twitter.com/launchnodes) on Lido's infrastructure and funded through [@LidoGrants](https://twitter.com/LidoGrants), the program converts staking yields into sustainable funding for global social initiatives. [Read the full one-year update](https://research.lido.fi/t/lido-impact-staking-one-year-update/11349)
Liquid Impact Staking Expands with Stablecoin Product and Platform Integrations
Liquid Impact Staking is expanding its reach through several initiatives: **New Product Launch** - Stablecoin for Impact (SFI) allows users to deposit stablecoins - Lending yield generated through Aave is directed to social impact causes - Runs parallel to existing staking products **Growth Initiatives** - Multiple onboarding conversations with new organizations to support additional causes - Targeting both retail stakers and institutional capital - Integrating LIS into existing platforms to expand user access The stablecoin product represents a shift from traditional DeFi use cases like payments and settlements toward regenerative finance models.
Foundation GSR Becomes First Institution to Deploy ETH via Liquid Impact Staking
**Foundation GSR** has become the first institutional donor to use **ImpactStake**, deploying over 40 ETH across multiple charitable causes. **Key Details:** - Marks a significant milestone for institutional participation in crypto philanthropy - Demonstrates viability of Liquid Impact Staking (LIS) beyond individual donors - Offers institutions a capital-preserving method for social impact This deployment validates that organizations can maintain their principal investment while directing staking rewards toward social causes—a model that could attract more institutional players to crypto-based philanthropy.