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EarnUSD is the USD-denominated Lido Earn vault. It allocates USDC and USDT across USD-denominated strategies, combining conservative lending positions with selective exposure to higher-yielding strategies, within defined asset selection criteria and risk controls. Depositors receive earnUSD, the vault’s share token.

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Underlying vaults

EarnUSD allocates across two underlying vaults, both curated by Mellow:
  • earnUSDc, the conservative vault, deployed on Ethereum and Base.
  • earnUSDe, the experimental vault, deployed on Ethereum, Plasma and Mantle.
Users deposit into EarnUSD only. The curator allocates funds from EarnUSD into the underlying vaults and rebalances between them as conditions change.

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Deposits

EarnUSD accepts USDC and USDT. Deposits are typically processed within 24 hours. A pending deposit can be cancelled in the Lido interface before it is processed. Deposit at stake.lido.fi/earn/usd/deposit.

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Withdrawals

  1. Request a withdrawal from earnUSD to USDC.
  2. Claim USDC once the request has been processed.
Withdrawals typically take about three days. Payouts are made in USDC. Withdrawal requests cannot be cancelled. Progress is visible in the Lido interface.

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Contracts

Contract addresses for earnUSD and its underlying vaults are on the Deployments page.