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 ...