Lido cleans up Earn offering, rolls outs first stablecoin vault with USDT and USDC

Lido, a leading liquid staking protocol, is relaunching its Earn product line with a focus on simplicity and accessibility. The update introduces two primary vaults: EarnUSD, which will utilize USDC and USDT in USD-denominated Ethereum strategies, and EarnETH, accepting ETH, WETH, or stETH for deployment across DeFi protocols like Aave and Uniswap. This move consolidates previous thematic strategies – including the “Golden Goose Vault,” DVV, and stRATEGY – which collectively attracted nearly $250 million in deposits. According to Marin Tvrdić, Lido Ecosystem Foundation Earn Partnerships lead, the new vaults aim to serve stablecoin users previously unaddressed by Lido Earn. To demonstrate confidence, the Lido DAO is committing $5 million of its treasury assets to the vaults and will cover potential losses. The launch builds upon the Lido V3 upgrade and its stVaults staking primitive, offering users yield-bearing tokens representing their positions and compounding returns.

(Source：The Block)