Introducing Earn: stETH-Powered Vaults for Advanced DeFi Strategies

TLDR

• The new Earn tab on stake.lido.fi offers a one-stop gateway to advanced DeFi strategies and decentralization-focused staking.
• Connect a wallet, choose a vault, deposit in a few clicks, and monitor positions in one place.
• Earn is launching together with two vaults:
• The GG Vault (GGV) utilizes tried-and-tested strategies with premier DeFi protocols for increased rewards on deposits of ETH or (w)sETH.
• The Decentralized Validator Vault (DVV) provides staking rewards boosted by Distributed Validator Technology (DVT) provider incentives while supporting Lido node operator decentralization.

Why Earn

The Earn tab enables users to allocate their crypto assets (ETH, WETH, stETH, and wstETH) to vetted DeFi strategies through stake.lido.fi. Instead of moving across multiple protocols to get higher rewards through credible strategies, Earn brings opportunities into a single flow where users can discover, deposit, and track, all without shifting between multiple UIs.

Meet the Launch Vaults

1. GGV: A One-Click Gateway to stETH-Driven DeFi

GGV provides one-stop access to a set of blue-chip DeFi strategies, reducing the need to monitor multiple protocols or rebalance positions manually. In collaboration with Veda Labs, GGV is designed for users who want higher on-chain yields with diversified strategy exposure in an easy-to-use package.

What’s Inside the Vault: 

At launch, integrations are sourced from established protocols, including Uniswap, Gearbox, Aave, Euler, Balancer, Fluid and Morpho. This consolidation creates a diversified rewards engine that aims to offer broad exposure without the overhead of running positions across many venues and chains.

How to Use GGV via Earn:

1. Navigate to stake.lido.fi/earn/ggv.
2. Connect a wallet.
3. Deposit ETH, WETH, stETH, or wstETH.
4. Receive GG tokens representing your shared position in the vault. Their value reflects the amount you deposited and the vault’s performance.
5. Hold GG tokens while DeFi rewards accrue behind the scenes according to the vault’s strategy. 
6. Withdraw GG tokens to wstETH to exit the position, which can then be unstaked via https://stake.lido.fi/withdrawals/request, or simply held or re-utilized in other DeFi venues.
7. Rewards are automatically included in your GG token balance and are realized upon withdrawal to wstETH.

One Vault, a Multitude of Access Points: 

GGV is built as plug-and-play infrastructure that third-parties can integrate and extend. Somm Finance and P2P.org are the first front-end partners, offering a simple UI to deposit, monitor, and manage positions in GGV, with additional integrations planned.

2. DVV: Earn While Supporting Decentralization

DVV (Decentralized Validator Vault) is implemented by Mellow. It channels deposits of ETH or WETH to Lido Core and its Distributed Validator Technology (DVT)-supporting modules: the Curated Module, the Simple DVT Module, and the Community Staking Module, with the goal of increasing the share of Distributed Validators in the node-operator set and improving network resilience. DVT is a technology that distributes a validator’s duties across multiple nodes to reduce single-point-of-failure risk and support higher uptime.

Incentives and rewards: under the program parameters, over 75% of Lido-related Obol and SSV Network incentives are routed to vault stakers, with the remainder reserved for the node operators running the DVT infrastructure. The current reward share splits differ by module and are available here. 

How to Use DVV via Earn:

1. Navigate to stake.lido.fi/earn/dvv.
2. Connect a wallet.
3. Deposit ETH or WETH.
4. Receive DVstETH tokens representing your shared position in the vault and start receiving Obol and SSV rewards, plus Mellow points.
5. Withdraw DVstETH tokens to wstETH once you decide to leave the position in Lido DVV.
6. Claim your rewards via the Obol Incentives Program and SSV Rewards. 

What’s Next

Earn launches with GGV and DVV. Additional vaults may be introduced after evaluation against quality and security standards commensurate with those utilized for the Lido protocol. Access will be available via stake.lido.fi  and, depending on the vault, through trusted partner access points. Explore vaults in Earn to get started.

Disclaimer

• Rewards are not assured, may fluctuate and are influenced by factors outside the platform’s control, including changes to blockchain protocols, the specific rules and mechanisms established by each underlying blockchain network and validator performance. 
• Note, that the vaults involve protocol, slashing and other risks. You can find more details in the Lido DVV and the Lido GGV FAQs. Users should conduct their own research, seek professional advice, and ensure they understand, acknowledge and accept the risks before participating.
• Please note that Lido DVV service relies on third-party infrastructure provided by Mellow, subject to Mellow's Terms of Service and Privacy Notice. And Lido GGV service relies on third-party infrastructure provided by Veda, subject to Veda’s Terms of Service and Privacy Policy.