Lido Earn

Deploy ETH and USD stablecoins into DeFi vaults for on-chain rewards through the world's leading protocols.

EarnETH

EarnETH is an ETH growth vault allocating ETH and stETH across leading, blue-chip DeFi protocols meant to optimize for capital efficiency

APY* (7d avg.)

TVL

My position—

EarnUSD

EarnUSD delivers access to USD-denominated reward strategies built around transparent asset selection, risk controls and reporting

APY* (7d avg.)

TVL

My position—

Upgrading vaults

* APR/APY figures are estimates, not guaranteed, and are subject to change based on network conditions.

Rewards may fluctuate and are influenced by factors outside the platform’s control, including changes to blockchain protocols and validator performance. Past performance does not guarantee future results. Rewards are not assured and depend on the specific rules and mechanisms established by each underlying blockchain network. Users should conduct their own research, seek professional advice, and ensure they understand the risks before participating

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What is EarnETH Vault and how it works

EarnETH Vault is a meta-vault designed to optimize returns on deployed assets across Lido Earn strategies. Today, it allocates assets across GGV and stRATEGY, with the ability to dynamically evolve its allocation mix. By abstracting strategy selection, the meta-vault provides ETH-denominated exposure to Lido Earn with the objective of balancing different risk and return profiles for ETH-denominated assets.

Comparison between GGV/stRATEGY and the EarnETH Vault

	Before upgrade Single vault	After upgrade EarnETH
Vault Token Vault Token	Vault Token GG / strETH tokens, representing shares in the specific vault	Vault Token earnETH, representing shares in the ETH meta-vault
Reward Strategy Reward Strategy	Reward Strategy Earning rewards in a specific strategy/vault	Reward Strategy Keep earning rewards while we optimize for the best available strategy
Vault Selection Vault Selection	Vault Selection Manual vault choice	Vault Selection Constant optimization between strategies
Curator Model Curator Model	Curator Model Lock-in to a specific curator	Curator Model An evolving set of curators working on the risk/rewards optimization
Fees Fees	Fees 1 % management fee 10 % performance fee	Fees 1 % management fee 10 % performance fee

The table above describes structural differences between accessing a single vault strategy and accessing a meta-vault that allocates across multiple strategies. It is provided for informational purposes only and does not constitute a recommendation. Outcomes and rewards may vary based on strategy composition, market conditions, and protocol parameters.

All Mellow points you accumulate remain yours, with your balance visible on the Mellow Dashboard