Crypto
Lido launches EarnUSD, unveils USDT and USDC-based stablecoin vault
Liquid staking protocol Lido has launched EarnUSD, its first stablecoin vault, The Block reported on Wednesday. EarnUSD uses USDC and USDT and mixes conservative lending positions with higher-yield strategies to generate returns, allowing users to earn compound gains via an EarnUSD token. Lido is also rolling out EarnETH, which allocates unETH, WETH and stETH across DeFi protocols. Lido DAO said it will commit $5 million of its own assets to the Earn vaults and cover losses if problems arise.
