Ethena Pay has added Earn+, an optional rewards product that routes deposits from its consumer app into an Upshift vault curated by Steakhouse. Aave Labs says the vault’s strategy uses Aave V4 on Avalanche to supply USDe and borrow USDT; Aave does not operate, curate or manage the vault.
Users choose how much of their balance to allocate, and the announcement says withdrawals are processed within 24 hours under the product terms. Rewards depend on factors including borrowing costs and fees, while withdrawals may require the strategy to unwind positions and retrieve assets.
