Lido Earn Expands with EarnETH and EarnUSD

March 12, 2026 in Ethereum by Lido

Two streamlined vaults have been introduced - EarnETH and EarnUSD - to improve reward generation for DeFi users.

The Lido protocol has long served Ethereum stakers through stETH. Today, that foundation expands.

Lido Earn now introduces EarnETH and EarnUSD: Two DeFi vaults that consolidate the Earn product line and introduce Lido’s first USD-denominated vault.

Earn auto-compounded ETH and USD denominated rewards across two vaults optimised for capital efficiency.

Start earning today: stake.lido.fi/earn.

A Simpler Structure: Two Vaults

Since launching in September 2025, Lido Earn vaults have attracted more than $150 million in deposits.

Previously, Lido Earn consisted of individual vaults - GGV, DVV, and stRATEGY - each with its own curator and strategy mix.

The new Lido Earn architecture simplifies the experience while broadening its scope: one vault for ETH, one for USD. These two vaults allocate ETH and USD denominated cryptoassets across integrated strategies to maximise capital efficiency.

EarnETH: Blue-chip DeFi rewards made simple.

EarnETH deploys capital across established DeFi protocols including Aave, Morpho, Pendle, Gearbox, Maple and more.

Rather than relying on a single strategy provider, EarnETH aggregates multiple providers and dynamically allocates assets towards performing opportunities as conditions evolve.

EarnETH accepts ETH, WETH, and (w)stETH. Deposit to receive earnETH, earning daily, auto-compounded DeFi rewards. Alternatively, you can deposit existing Lido Earn tokens - GG/DVstETH/strETH - into the vault.

Access blue-chip DeFi-based rewards with automatic compounding and optimal capital efficiency. Simple earning.

Get started with EarnETH here: stake.lido.fi/earn/eth

EarnUSD: Transparent, onchain USD rewards.

EarnUSD allocates assets across USD-denominated strategies on Ethereum, operating within defined asset selection criteria and transparent reporting standards.

The vault blends conservative third-party lending positions with selective exposure to performing strategies. Allocations adjust as market conditions shift and may include onchain lending markets, real-world asset integrations, and structured positions.

EarnUSD accepts USDC and USDT. Depositors receive earnUSD, earning daily, auto-compounded USD rewards.

Get started with EarnUSD here: stake.lido.fi/earn/usd

Start Earning with Lido Earn

With EarnETH and EarnUSD now live, users can begin earning effortlessly today.

Navigate to stake.lido.fi/earn and connect a wallet.
Choose your preferred vault: EarnETH or EarnUSD.
1. EarnETH: Simple and transparent ETH-based DeFi rewards.
2. EarnUSD: Transparent, risk-adjusted onchain USD-denominated rewards.
Deposit assets into your preferred vault.
1. EarnETH: Accepts ETH, WETH, and stETH.
2. EarnUSD: Accepts USDT and USDC.
Receive earnETH or earnUSD tokens representing your shared position in the vault. The value of these tokens reflects the amount you deposited and the vault’s performance.

Your earnETH and earnUSD tokens are designed to accrue daily DeFi rewards behind the scenes according to the vault’s strategy. Rewards are automatically included in your token balances and are realized upon withdrawal.

Previous vaults – GGV, DVV and stRATEGY – will be upgraded, moving to a withdrawal-only mode to be replaced by EarnETH and EarnUSD, and the new EarnETH vault will accept previous vault tokens as deposits. To upgrade existing allocations to the new EarnUSD and EarnETH vaults, follow the instructions here.

For more information, refer to the Lido Earn Help Center.

Why USD on Ethereum

For more than five years, the Lido protocol has supported Ethereum staking through stETH, securing up to $38 billion in total value locked with zero incidents resulting in monetary loss.

EarnUSD extends that operating standard to stablecoin participants.

Half of Ethereum DeFi activity is denominated in stablecoins. Until now, the Lido protocol primarily served ETH holders. With EarnUSD, stablecoin capital can access curated onchain strategies through the same governance framework and operational standards that underpin the staking infrastructure of the Lido protocol.

Modular, Adaptable, Upgradable

Lido Earn forms part of Lido DAO’s 2026 strategy to scale sustainable revenue streams beyond staking while maintaining its core commitment to Ethereum. The new MetaVault structure reduces fragmentation, simplifies user experience, and enables capital to be routed efficiently across integrated DeFi protocols.

To improve the experience for users, a DAO proposal to allocate $5m in DAO treasury funds to the optimised Lido Earn vaults has been shared and approved. This further aligns the Lido DAO with the Lido Earn initiative and puts in place an onchain, first-loss alignment mechanism to protect users in case of severe scenarios. More information can be found here.

Start earning today on stake.lido.fi/earn.

Lido Earn Resources

Lido Earn, including EarnETH and EarnUSD, provides access to on-chain strategies involving digital assets. Participation in these vaults involves risks, including but not limited to smart contract risk, protocol risk, market volatility, liquidity risk, and potential loss of principal. There is no guarantee that any strategy will generate positive returns. To learn more about some of the risks associated with staking via the Lido protocol, visit lido.fi/how-lido-works/known-risks-and-mitigations.

Any references to rewards, performance, allocation, or optimization describe the intended design of the vaults and do not constitute guarantees of future results. Past performance is not indicative of future outcomes. Returns, if any, may vary. Users may incur losses.

Lido Earn vaults operate through integrations with third-party protocols, which are independent and subject to their own risks and terms. Users are solely responsible for evaluating the suitability of participation based on their individual circumstances.

This communication is provided for informational purposes only and does not constitute financial, investment, legal, or tax advice, nor an offer or solicitation to buy or sell any financial instrument. Users should conduct their own research and seek independent professional advice before participating.

The information provided in this blog is for informational purposes only and reflects our views and understanding at the time of writing. The content does not constitute professional advice of any kind, including but not limited to legal, financial, investment, or regulatory advice.

Readers should not rely solely on the information presented here, and are strongly encouraged to conduct their own independent research and consult with qualified professionals before making any decisions based on the content.