Ethena Pay's new Earn+ vault, powered by Avalanche, is live with higher target yields for eligible users: a single-tap deposit into a vault managed by Upshift and Steakhouse, with the strategy running on Aave v4 on Avalanche. Earn+ is available now for Pro and VIP users and rolling out to all.
- The product launch is helping fuel a surge in network deposits — Aave v4 deposits on Avalanche hit an all-time high, topping $125M, which Avalanche is attributing to Earn+ bringing more deposits into v4.
- Avalanche amplified the milestone on its official X account in a follow-up to EthenaPay's Earn+ announcement of up to 12% rewards on dollars.