Up to 12% yield is insane. DM for an invite code if needed.
Earn+ deposits USDe as collateral, borrows USDT, swaps it for more USDe and repeats.
The yield comes from USDe rewards being higher than USDT borrowing costs + looping.
We used to do these loops manually years ago. Now Upshift and Steakhouse manage the strategy, and Ethena puts it in a consumer app.
Seems like the future of DeFi is here.
Earn+ allocation caps:
• Standard: $20K
• Pro: $50K
• VIP: $200K
Anyway, if you're a big spender or planning to deposit loads of stables, DM me for an invite code.
I have 21 left!
Introducing Earn+: 12% rewards on your dollars in a single tap.
Available now for Pro and VIP users and rolling out to all Ethena Pay users in the coming days.