Lido Sunsets Three Earn Vaults, Pushes Users to Migrate to New EarnETH
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](https://aave.com), [Pendle](https://pendle.fi), and [Morpho](https://morpho.org)
- 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.
[Migration instructions](https://help.lido.fi/en/articles/14038885-upgrading-to-lido-earn-metavaults)