Ethena Pay Adds Earn+ Through Aave V4 Lending on Avalanche

Dextape brief

By Dextape Desk · November 2, 2026

Ethena Pay has introduced Earn+, an optional rewards feature that links a consumer dollar balance to an onchain lending strategy. According to Aave's integration announcement, which Aave Labs described on October 28, deposits flow into a vault curated by Steakhouse through Upshift, and the strategy runs on Aave V4 on Avalanche. Aave states that it does not run, select or manage that vault. The strategy supplies USDe and borrows USDT, and users decide how much of their balance to commit. Withdrawals are handled within 24 hours under the product's stated terms. The article notes that the setup involves several separate providers, each with a defined role, and that Aave's protocol changelog recorded the Avalanche deployment of V4 in July.

Why it matters: The integration shows how embedded lending infrastructure can sit inside a consumer app, where readers need to weigh the layered providers and their net risks.

Mentioned: Avalanche, Aave, Tether

Summary by Dextape, based on reporting by NewsBTC. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.