Ethena x Concrete Bera Vault:

We’re excited to announce that we are collaborating with Ethena to bring its best at-scale reward bearing stables, $USDe and $sUSDe, to Berachain.

Depositors will not only receive their Ethena yields, but will also earn a 30x Ethena multiplier on USDe, 5x multiplier on sUSDe, 4x multiplier on Concrete Bags as well as Berachain partner protocol incentives.

What is the Ethena x Concrete Berachain Pre-Deposit Vault?

This Pre-Deposit Vault, powered by Concrete, allows users to deposit USDe and sUSDe ahead of the Berachain Mainnet launch to maximize yields and Boyco incentives. Users can also deposit USDC / USDT which will be swapped into USDe or sUSDe.

The vault will deploy USDe and sUSDe through strategies across partner protocols, such as Beraborrow, Kodiak, and Dolomite, to generate the highest possible risk-adjusted yields while seeding liquidity throughout the Berachain DeFi ecosystem.

Withdrawals will be enabled 1-3 months after Berachain Mainnet Launch. Depositors receive ct[ASSET] vault shares that can be swapped through Concrete in the near future.

Why Berachain?

Berachain is a high-performance, EVM-identical blockchain built on Proof of Liquidity (PoL) consensus.

The PoL consensus mechanism is a powerful new foundation for DeFi and Ethena’s yield-bearing synthetic dollars are a deeply complementary primitive to supercharge yields across Berachain.

Growing USDe and sUSDe on Berachain

Early Participation Rewards: Deposit USDe or sUSDe to receive pre-launch incentives, including exclusive multipliers and partner rewards.

Simplifying Yield on Berachain: Upon Berachain Mainnet Launch, Concrete Earn Vaults will automate yield strategies for depositors.

Powering PoL: Berachain’s PoL and robust DeFi ecosystem becomes a massive flywheel for Ethena’s native yield, compounding potential returns.

This Partnership Brings Together DeFi Protocols Powering the Next Wave.

• Ethena Labs: Enabling internet native money through its suite of synthetic dollars and offering secure, capital-efficient exposure to USD.

• Concrete: Powering the highest yields through vault strategies and unlocking new derivatives for any on-chain asset.

• Berachain: Providing a novel new foundation for DeFi through Proof of Liquidity.

We’re thrilled to be the early gateway for USDe and sUSDe on Berachain and to enable new growth for the on-chain economy.

To learn more, follow Ethena Labs and Concrete on X.

And join the community at the Concrete Discord.