# Nekodex Earn

## Deposit USDC and Earn!

Nekodex Earn vaults are live! Earning yield with top DeFi protocols using your USDC has never been easier.

Just deposit USDC, and start earning 🙌

{% embed url="<https://app.nekodex.org/earn>" %}
Link straight to the Nekodex Earn page
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### Stablecoin Earn

The most advanced Nekodex Earn USDC vault. Deposits in this vault will be migrated to the best yield sources available, so you don't have to wonder if you're getting the best return on your USDC. With regular migrations and new pools being added soon, there's no easier way to access actively managed Defi yield.

At launch, this vault connects to [Morpho](https://x.com/MorphoLabs), the latest in Defi money market technology.

## Depracated Earn Vaults

"Now you're just somebody that I used to know" - Gotye

### Stablecoin Simple (USDM)

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USDM is being sunset as the team behind it, Mountain Protocol, pivots to [new projects](https://x.com/MountainUSDM/status/1921960086362108270).\
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USDM is not available to US residents, citizens or users located in the US.
{% endhint %}

Deposit USDC and receive USDM. USDM is a yield bearing stablecoin, meaning

* It is pegged to the US dollar (1 USDM = $1 USD, assuming normal liquidity and market conditions)
* While holding USDM, you'll automatically receive more USDM according to the current APY.&#x20;

APY for the USDM vault is variable, but is typically in the 4%-5% range. Check in the Nekodex app to see the current APY.

Learn more about USDM, created by Mountain Protocol.

* Project website: [https://mountainprotocol.com](https://mountainprotocol.com/)
* Risk statement: <https://docs.mountainprotocol.com/reference/risks>

### BTC Earn (LBTC)

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This Earn vault is on Ethereum mainnet and may have higher fees than other Earn products.
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Buy LBTC and deposit in this vault to earn yield while holding BTC! This product uses [Yearn's](https://yearn.fi/) auto-rolling (auto-renewing) [Pendle PT vault](https://yearn.fi/v3/1/0x57a8b4061aa598d2bb5f70c5f931a75c9f511fc8).

* The vault pays interest in LBTC, a BTC pegged token from Lombard. "Designed to be the stETH of Bitcoin, LBTC provides holders with a native staking yield".
* The amount of yPT-LBTC you hold will increase over time to reflect your interest income.

Earn interest while holding the world's biggest crypto asset!

{% hint style="warning" %}
**Yearn risk statement**

Read the [Pendle Docs](https://docs.pendle.finance/) to learn about the associated risks. Withdrawals may result in a loss depending on withdrawal size and current market conditions.
{% endhint %}

## ETH Earn (weETH)

Buy weETH and deposit in this vault to earn yield while holding BTC! This product uses [Yearn's](https://yearn.fi/) auto-rolling (auto-renewing) [Pendle PT vault](https://yearn.fi/v3/42161/0x044e75fcbf7bd3f8f4577ff317554e9c0037f145).

* The vault pays interest in weETH (wrapped eETH), a liquid restaking token from [ether.fi](https://app.ether.fi).
* The amount of yPT-weETH you hold will increase over time to reflect your interest income.

Earn interest while investing in the world's top smart contract platform!

{% hint style="warning" %}
**Yearn risk statement**

Read the [Pendle Docs](https://docs.pendle.finance/) to learn about the associated risks. Withdrawals may result in a loss depending on withdrawal size and current market conditions.
{% endhint %}