Lido EarnETH vault maintains fee structure as TVL reaches $196 million

The EarnETH vault currently operates with a 1% platform/management fee and a 10% performance fee, a structure that has been in place since the vault launched on February 2, 2026.

What EarnETH actually does

EarnETH functions as a meta-vault that aggregates ETH-denominated assets, including ETH, WETH, stETH, and wstETH, and dynamically allocates them across sub-vaults. Those sub-vaults, curated by Mellow’s infrastructure, include strategies like GGV and stRATEGY, which chase yield across blue-chip DeFi protocols. The vault currently reports an APY of roughly 4.33%.

Total value locked in the EarnETH vault sits at approximately $196 million since its February launch. Withdrawals are processed in wstETH with a delay of up to 72 hours.

The consolidation strategy behind it

EarnETH is the product of a broader consolidation effort Lido announced on March 12, 2026, which merged a collection of fragmented individual vault strategies into two streamlined meta-vaults: EarnETH for Ethereum-denominated yields and EarnUSD for stablecoin strategies.

The vault underwent a security audit by Nethermind, completed on March 2, 2026, roughly a month after launch.

Lido is also extending 0% infrastructure fees for qualifying stVaults through October 31, 2026. Fees directed from EarnETH flow to the Lido DAO treasury, which funds protocol development and governance operations.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.