Introducing the Lido stRATEGY Vault
TLDR
- The Lido stRATEGY Vault gives you instant access to diversified DeFi opportunities centered around Lido stETH.
- Access the stRATEGY Vault via the Earn tab on stake.lido.fi/earn.
- Built on the Mellow Core Vault stack, the stRATEGY Vault offers diversified exposure to leading DeFi strategies including Aave, Ethena, and Uniswap.
- Deposit ETH, WETH, or wstETH and receive strETH representing your shared position in the vault.
- Depositors earn Mellow points while holding strETH and gain exposure to diversified DeFi curations within Earn.
Why stRATEGY?
The stRATEGY Vault provides a single, streamlined way to gain diversified exposure to curated DeFi opportunities centered on stETH. Instead of managing multiple positions across different protocols, you can deposit once and let the vault handle allocation, monitoring, and rebalancing through Earn on stake.lido.fi. stRATEGY is built on the Mellow Core Vault stack.
What’s Inside the Vault?
stRATEGY focuses on liquid, battle‑tested integrations that may evolve over time. Today, the strategy mix concentrates on lending/looping and liquidity provision across protocols including Aave, Ethena and Uniswap.
Curated protocols are selected to contribute to the broader stETH ecosystem. The exact composition can change as market conditions and risk parameters develop.
Using stRATEGY via Earn:
- Navigate to stake.lido.fi/earn/strategy.
- Connect a wallet.
- Deposit ETH, WETH or wstETH.
- To deposit stETH in the stRATEGY Vault, convert it to wstETH at stake.lido.fi/wrap
- Receive strETH tokens representing your share of the overall vault.
- Hold strETH tokens while DeFi rewards accrue behind the scenes according to the vault’s strategy and accrue Mellow points proportional to your strETH holdings and duration.
- Withdraw strETH tokens to wstETH once you decide to leave the position in Lido stRATEGY.
Mellow Points
Addresses holding strETH accrue Mellow points proportional to stake size and time in the vault—currently 0.00025 points per $1 of value per hour, accruing hourly. For the first four weeks after vault deployment (November 6th - December 3rd 2025) points will accrue at rate of 0.00075 points per $1 of value per hour.
Fees
The vault charges a 1% annual platform (AUM) fee, prorated over time, and a 10% performance fee (to Mellow) on rewards. Both are reflected in the strETH price rather than deducted from token balances.
How stRATEGY Fits in Earn
stRATEGY joins existing Earn vaults to broaden access to advanced DeFi and decentralization. GG Vault (GGV) emphasizes tried‑and‑tested strategies with premier DeFi protocols for increased rewards on ETH or (w)sETH deposits, while the Decentralized Validator Vault (DVV) focuses on staking rewards boosted by Distributed Validator Technology (DVT) provider incentives which support Lido protocol’s node operator decentralization.
stRATEGY gives users a unique DeFi allocation targeting increased rewards, plus additional Mellow points. stRATEGY combines flexible design with plug-and-play access to leading DeFi protocols with no engineering or extra adapters needed. It also offers users a path to diversify their exposure to different vault curators within Earn. Explore all options in Earn to find the approach that suits your goals.
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 strETH FAQs. Users should conduct their own research, seek professional advice, and ensure they understand, acknowledge and accept the risks before participating.
- The Lido stRATEGY Vault and strETH token rely on third-party infrastructure provided by Mellow, subject to Mellow’s Terms of Service and Privacy Policy.
For more details on accruing and redeeming Mellow points, head to Mellow’s documentation.