Avalanche powers Ethena Pay's new Earn+ vault with target yields up to 6%
- —Standard tier: up to 5% APY on balances up to $5,000 with no ENA lockup
- —Pro tier: 6% APY on up to $15,000 for locking $2,000 in ENA
- —VIP tier: 6% APY on up to $50,000 for locking $10,000 in ENA
- —Cashback paid in AVAX: 4–5% via virtual Visa card, up to 10% at select brands
Why it matters: Ethena ties yield and cashback to ENA lockups, creating token demand but exposing users to its price risk.
Source: Crypto Briefing