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. The vault is designed for holders of USDC and USDT who want their dollar-denominated assets to generate returns automatically, without manually managing lending positions or other strategies. It addresses the complexity of navigating multiple yield sources by pooling deposits and distributing daily, auto-compounded rewards through a single token.

When a user deposits USDC or USDT into the EarnUSD vault, they receive earnUSD tokens in return, where each token represents a proportional claim on the vault's total assets. The vault allocates those deposits across a range of USD-denominated strategies on Ethereum, which can include onchain lending markets, real-world asset integrations, and structured positions, with allocations shifting as conditions change. Because rewards are auto-compounded daily, the redemption value of each earnUSD token is designed to grow over time relative to the underlying stablecoins, which is reflected in its current price of 1.033 USD against a one-dollar deposit unit.

The data stored for this asset does not include a specific fee stream, fee rate, or revenue figure, so no fee-based measures are available on this page to describe who pays fees, who collects them, or what the protocol retains. The vault's economic model is implied by the structure — depositors forgo direct control of their assets in exchange for auto-compounded returns generated by the underlying strategies — but the precise split between depositor yield and any protocol fee is not captured in the data provided here. The fully diluted value equals the market cap at this point in time, meaning there is no additional supply overhang beyond the 34,391,538.52 tokens currently in circulation.