Lido Earn

Deploy ETH and USD stablecoins into DeFi vaults for on‑chain rewards through the world's leading protocols.

EarnETH and EarnUSD now have two layers of loss protection: Firelight absorbs eligible and approved losses first, followed by the Lido DAO’s loss protection.

EarnETH
PROTECTED

EarnETH is an ETH growth vault allocating ETH and stETH across leading blue-chip DeFi protocols meant to optimize for capital efficiency

APY* (14d avg.) 7.4%
TVL$195.7M
EarnUSD
PROTECTED

EarnUSD delivers access to USD-denominated reward strategies built around transparent asset selection, risk controls and reporting

APY* (14d avg.) 5.5%
TVL$57.1M
Upgrading vaults
Lido stRATEGY
Upgrading

Lido stRATEGY gives users exposure to a range of leading DeFi protocols targeting increased rewards, plus additional Mellow points

TVL$196.4M
Lido GGV
Upgrading

Lido GGV (Golden Goose Vault) utilizes tried and tested strategies with premier DeFi protocols for increased rewards on deposits of ETH or (w)stETH.

TVL$2.5M
Lido DVV
Upgrading

Lido DVV provides staking rewards boosted by Distributed Validator Technology incentives while supporting Lido Node Operator decentralization.

TVL$3.7M

* APR/APY figures are estimates, not guaranteed, and are subject to change based on network conditions.


Rewards may fluctuate and are influenced by factors outside the platform’s control, including changes to blockchain protocols and validator performance. Past performance does not guarantee future results. Rewards are not assured and depend on the specific rules and mechanisms established by each underlying blockchain network. Users should conduct their own research, seek professional advice, and ensure they understand the risks before participating

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What is EarnETH Vault and how it works
EarnETH Vault is a meta-vault designed to optimize returns on deployed assets across Lido Earn strategies. Today, it allocates assets across GGV and stRATEGY, with the ability to dynamically evolve its allocation mix. By abstracting strategy selection, the meta-vault provides ETH-denominated exposure to Lido Earn with the objective of balancing different risk and return profiles for ETH-denominated assets.
Comparison between GGV/stRATEGY and the EarnETH Vault
Before upgrade
Single vault
After upgrade
EarnETH
Vault Token
Vault Token
Vault Token
GG / strETH tokens, representing shares in the specific vault
Vault Token
earnETH, representing shares in the ETH meta-vault
Reward Strategy
Reward Strategy
Reward Strategy
Earning rewards in a specific strategy/vault
Reward Strategy
Keep earning rewards while we optimize for the best available strategy
Vault Selection
Vault Selection
Vault Selection
Manual vault choice
Vault Selection
Constant optimization between strategies
Curator Model
Curator Model
Curator Model
Lock-in to a specific curator
Curator Model
An evolving set of curators working on the risk/rewards optimization
Fees
Fees
Fees
1 % platform (AUM) fee
10 % performance fee
Fees
flexible, capped at:
0.5 % AUM fee
20 % performance fee
The table above describes structural differences between accessing a single vault strategy and accessing a meta-vault that allocates across multiple strategies. It is provided for informational purposes only and does not constitute a recommendation. Outcomes and rewards may vary based on strategy composition, market conditions, and protocol parameters.
All accumulated Mellow points, as well as Obol and SSV rewards, remain yours. Your Mellow points balance is visible on the Mellow Dashboard. Obol rewards can be claimed here, and SSV rewards can be claimed here.
LIDO EARN / DEFI VAULTS

Deposit ETH & USD into Lido Earn Vaults

Lido Earn gives users access to ETH and USD-denominated vault strategies designed to allocate assets across DeFi protocols. Explore EarnETH, EarnUSD and upgrading vaults while comparing displayed APY, TVL, protection features and strategy details.

EarnETHEarnUSDstETHwstETHDeFi Vaults
VAULTS & STRATEGIES

Choose a Lido Earn strategy

Each vault targets a different asset or strategy profile. Displayed APY and TVL can change over time and should be reviewed together with vault-specific risk and protection information.

01

EarnETH vault

Deposit ETH into an ETH-denominated growth vault that can allocate ETH and stETH across DeFi strategies while abstracting individual strategy selection.

02

EarnUSD vault

Explore USD-denominated reward strategies built around stablecoin exposure, transparent asset selection, risk controls and reporting.

03

Upgrading vaults

Review Lido stRATEGY, GGV and DVV vaults as their strategy configurations evolve. Existing interface labels indicate when a vault is in an upgrading state.

How Lido Earn deposits work

Earn vaults represent strategy-based DeFi access rather than a fixed-rate savings product. Vault composition, APY, TVL and protection conditions can change as protocols and market conditions evolve. Review the active vault card and its detailed terms before depositing assets.

LIDO EARN FAQ

Frequently Asked Questions

What is Lido Earn?

Lido Earn is a set of DeFi vault strategies for ETH and USD-denominated assets. The page currently includes EarnETH, EarnUSD and upgrading vault strategies such as stRATEGY, GGV and DVV.

What can I deposit into Lido Earn?

The Earn page presents ETH-focused and USD-denominated vault strategies. Individual vault cards describe the assets and strategy exposure supported by each vault.

What is EarnETH?

EarnETH is an ETH growth meta-vault designed to allocate ETH-denominated assets across Lido Earn strategies, including ETH and stETH exposure where supported by the vault configuration.

What is EarnUSD?

EarnUSD provides access to USD-denominated DeFi reward strategies with asset selection, risk controls and reporting described by the vault interface.

Are Lido Earn APY and TVL fixed?

No. APY, TVL, strategy allocation and protocol conditions can change. Values displayed by the interface should be treated as current interface data rather than guaranteed future returns.

What does “Protected” mean on EarnETH and EarnUSD?

The current Earn interface states that EarnETH and EarnUSD include two layers of loss protection, with Firelight absorbing eligible approved losses first, followed by Lido DAO loss protection. Eligibility and conditions depend on the applicable vault terms.