Ethena Pay Launches Earn+ Vault With 11x USDe Leverage on Aave

TLDR Ethena Pay launched Earn+, a vault that loops USDe and USDT at about 11 times leverage and advertises up to 12% APY. The USDe price feed used on Aave follows USDT, so it may not detect a USDe-only drop in value. At 11x leverage, a 2% USDe discount would erase 22% of a user’s [...]

The post Ethena Pay Launches Earn+ Vault With 11x USDe Leverage on Aave appeared first on Blockonomi.