Ethena Pay Earn+ sends deposits to Steakhouse vault on Aave V4

Community Trust Score Verified 85 % Real Verified 47 votes Updated 45 seconds ago Ethena Pay has added an optional rewards product called Earn+ that connects a consumer-facing dollar balance to an onchain lending strategy. Aave Labs described the integration on October 28, identifying separate providers for the application, vault infrastructure, strategy, and lending markets. According to the integration announcement, Earn+ deposits enter an Upshift vault curated by Steakhouse. The underlying strategy utilizes Aave V4 on the Avalanche blockchain. Aave explicitly states that it does not operate, curate, or manage the vault itself.