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Lido Earn: Overview

Grow your ETH and USD holdings with transparent, onchain rewards

Updated this week

What is Lido Earn?

Lido Earn is a set of vaults designed to provide simplified access to on-chain reward opportunities across Ethereum. Instead of manually selecting strategies or interacting with multiple protocols, users deposit assets into a vault that allocates capital across curated strategies on their behalf.

Lido Earn currently includes two vaults:

  • EarnETH, for ETH-denominated assets

  • EarnUSD, for USD-denominated stablecoins

Each vault routes deposited capital across integrated DeFi protocols and strategies designed to generate rewards over time.

Get started with Lido Earn.

How Lido Earn works

When a user deposits assets into a vault:

  1. The assets are allocated across curated DeFi strategies.

  2. The vault continuously generates rewards through these strategies.

  3. Rewards are automatically compounded within the vault.

  4. The user receives vault share tokens representing their portion of the vault.

Depositing into EarnETH mints earnETH tokens, whilst depositing into EarnUSD mints earnUSD tokens. These tokens represent the user’s share of the vault and increase in value as rewards accrue.

Key Features

Simplified access to DeFi strategies

Lido Earn vaults allocate capital across integrated protocols and strategies automatically, removing the need for users to manage individual positions.

Automatic compounding

Rewards generated by underlying strategies are automatically reinvested in the vault, increasing the value of the vault share tokens over time.

Transparent structure

Vault allocations, strategies, and performance metrics are publicly visible through dashboards and reporting.

Lido Earn Risks

Using DeFi protocols involves risks, including but not limited to:

  • Smart contract vulnerabilities

  • Strategy execution risk

  • Market volatility

  • Third-party protocol risk

While vault integrations prioritize protocols with established security practices and long operating histories, no DeFi system is entirely risk-free.

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