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
