Castle Labs 🏰(@castle_labs):Ethena Pay launched Earn+ yesterday, with current deposits at $3.58m, ~80% of the $4.5m initial cap. Earn+ routes deposits into an @upshift_fi vault curated by @SteakhouseFi, which loops USDe on @aave V4 to achieve 12% APY, helping Ethena Pay stand out as a product. This also attracts more users to the platform, further accelerating the flywheel by increasing demand for USDe, pushing supply toward the fee switch threshold, and enabling $ENA buybacks.

2026.10.29 10:40

Ethena Pay launched Earn+ yesterday, with current deposits at $3.58m, ~80% of the $4.5m initial cap. Earn+ routes deposits into an @upshift_fi vault curated by @SteakhouseFi, which loops USDe on @aave V4 to achieve 12% APY, helping Ethena Pay stand out as a product. This also attracts more users to the platform, further accelerating the flywheel by increasing demand for USDe, pushing supply toward the fee switch threshold, and enabling $ENA buybacks.

Ethena Pay@EthenaPay

2026.10.28 12:01

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.

Forward to community