defi ·
Avalanche powers Ethena Pay's new Earn+ vault for higher target yields
Ethena Pay has a new feature called Earn+.
It is a vault built on Avalanche that offers eligible users higher target yields. Earn+ arrives as Ethena tries to turn its synthetic dollar, USDe, into something ordinary people use day to day. Avalanche is the chain carrying that effort.
Ethena Pay rolled out in beta on September 1, 2026, on the Avalanche blockchain. It is a self-custodial app for payments and savings, which means users keep control of their own funds. Balances in the app are held in USDe.
Ethena calls USDe a synthetic dollar, a token built to track the value of the US dollar. The app pays tiered annual percentage yields that reach up to 6%. That yield comes from two sources: a base rate and a promotional "Daily Boost." Standard users can earn up to 5% APY on balances of up to $5,000.
