💰 Dollars Earn: how it works and generates rewards
You can now store Dollars in Crypto Wallet and earn up to 18% APY. It’s simple: deposit your Dollars (USDT) into the Earn account, and Wallet credits rewards every day. Since the launch of the program, our community has often asked how it works — so today we’ll explain where the rewards come from and how they are paid out.
How are the rewards generated, and what are Ethena and USDe?
We’ve recently integrated Ethena into Wallet — the protocol behind the digital dollar USDe. Its price is designed to stay close to 1 USD, that’s why it’s called a digital dollar, just like any other stablecoin. USDe maintains this peg because Ethena keeps cryptocurrency in reserve and at the same time opens special trades on exchanges that balance out price fluctuations 📊
This is called a delta-neutral strategy: the protocol opens opposite positions on exchanges (betting both up and down at the same time) and earns without depending on market direction, while traders pay funding fees to keep their positions open.
Thanks to this strategy, the protocol generates revenue, and users who hold USDe inside it receive rewards. With Ethena integrated into the TON ecosystem, these rewards are now available to Crypto Wallet users 💰
Why do I need Dollars (USDT) and not USDe to join the program?
We want crypto to be as approachable as possible, and as easy as sending a message. Wallet already supports USDT (shown as Dollars), and to join the Dollars Earn campaign, all you need to do is deposit USDT into your Earn account. Everything else happens automatically: we convert USDT to USDe at a 1:1 rate and start generating rewards. Rewards are credited daily with compound interest 🪙
Compound interest means that your rewards are added to your balance (not stored separately) and start generating new rewards on their own.
Is there a conversion fee?
No. Deposits and withdrawals, including conversion, are completely free ❤️
Why are the rewards in Wallet so high?
Thanks to two factors: the base rate from Ethena and additional loyalty rewards from Wallet. That way we provide generous bonuses so that as many TON users as possible can join the program and learn about Ethena.
Is it really that simple?
Yes. Try it via the link, and share your experience in the comments below👇
Terms
Investments in crypto are risky. This communication is not intended for persons in the United Kingdom.
Community | X | Support