Lido EarnUSD

Lido EarnUSD is a yield-bearing stablecoin token that represents a depositor's share in the EarnUSD vault, a DeFi application built on Ethereum. It is designed for people who hold US-dollar-pegged stablecoins and want those funds to earn returns automatically without manually managing lending positions or strategies. The vault targets anyone seeking USD-denominated yield while relying on a defined, transparent allocation framework rather than making active decisions themselves.

Depositors supply USDC or USDT to the EarnUSD vault and receive earnUSD tokens in return, with each token representing a proportional claim on the vault's total assets. The vault deploys those assets across on-chain lending markets, real-world asset integrations, and other structured positions on Ethereum, adjusting allocations as conditions change. Rewards compound daily into the vault's net asset value, so the earnUSD token gradually accumulates value relative to the underlying dollar, which is reflected in its current price of 1.037 USD per token.

The data provided does not include a fee stream, revenue figures, or protocol fee rates for EarnUSD, so no fee-based financial measures can be reported for this asset on this site. The vault's yield comes from the returns generated by its underlying lending and structured positions, but how those returns are split between depositors and the protocol is not captured in the stored metrics. What is recorded is that the circulating supply of 54,907,107 tokens represents 100 percent of total supply at this point in time, with no dilution overhang and an fdv-to-mcap ratio of 1.0, meaning there are no tokens pending issuance that would expand supply.