Avalanche powers Ethena Pay’s new Earn+ vault for higher target yields

Ethena Pay adds an Avalanche-based vault that offers eligible users higher target yields, building on its USDe savings app 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. What Ethena Pay already offers Ethena Pay launched 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. That tier requires no extra commitment. The Pro tier asks users to lock $2,000 worth of ENA, Ethena’s token. In return, Pro members can earn 6% APY on balances up to $15,000. VIP sits at the top. It requires locking $10,000 in ENA and offers...