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Ethena Labs stories

Sep 1, 2026

Ethena launches Ethena Pay neobank app on Avalanche with up to 6% yield

Ethena Labs launched the beta of Ethena Pay, a self-custodial iOS money app built on Avalanche that offers USDe stablecoin yields up to 6% and cashback rewards, expanding the protocol into consumer banking.

Sep 1, 2026·4 sources
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Top claims

  • ▪Following the Ethena Pay announcement on September 1, 2026, Ethena's native ENA token rallied 9% in value
  • ▪Ethena Pay offers Pro and VIP membership tiers that provide a 6% annual yield on balances up to $15,000 and $50,000, respectively, alongside cashback rates of up to 5%
  • ▪Ethena Pay features a 'Buy Now Pay Never' option designed to let users cover purchases using their accumulated savings rewards without drawing down their principal balance

Topics

Decentralized applications (dApps)DeFiYield farming & stakingPaymentsStablecoins

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