Lido's EarnETH Vault Hits $196M in TVL with Consolidated Fees
Lido's EarnETH vault has reached a total value locked (TVL) of $196 million since its launch on February 2, 2026. The vault operates with a 1% platform/management fee and a 10% performance fee.
EarnETH is a meta-vault that aggregates ETH-denominated assets and dynamically allocates them across sub-vaults, including strategies like GGV and stRATEGY, which chase yield across blue-chip DeFi protocols. The vault currently reports an annual percentage yield (APY) of roughly 4.33%.
The EarnETH vault underwent a security audit by Nethermind in March, and 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.