Earning ebUSD yield

Overview

Ebisu users can earn real yield by depositing ebUSD into Stability Pools. These deposits help backstop the protocol during liquidations and are rewarded with 75% of borrower interest, upfront fees, and discounted collateral from liquidated positions.

Additionally, users can provide ebUSD liquidity on DEXs earning trading fees + a 25% of ebUSD denominated interest and fees from Borrowers,

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Key Risks to Be Aware Of

Liquidation Exposure	A borrower’s Collateralization Ratio falls below its threshold	Your deposited ebUSD is burned to cancel the borrower’s debt; you receive collateral in return.	Monitor market conditions; promptly rebalance or swap received collateral.
Bad-Debt Shortfall	Severe market crash where collateral can’t cover the debt	The Stability Pool absorbs losses, resulting in a net loss to depositors.	Track system health; diversify across pools; avoid overexposure to any one asset.
Impermanent Loss	Price divergence between ebUSD and the paired asset in DEX pools	Your position may be worth less than simply holding the two assets due to volatility or de/re-pegs; trading fees may not fully offset the loss.	Pair with low-volatility assets (e.g. USDC), monitor ebUSD peg stability, and withdraw during large peg deviations.

Earn Option 1: Stability Pools

Step 1: Connect Wallet

Click “Connect Wallet” and select your preferred wallet. Make sure it holds the ebUSD you wish to deposit.

Step 2: Go to the Supply Page

Navigate to the “Earn” or “Supply” page in the app. You’ll see all available Stability Pools listed by collateral type (e.g., WBTC, weETH, sUSDe), along with APY and total pool size.

Stability Pools serve as liquidation backstops. Depositors take on the risk of absorbing liquidated debt and are compensated through yield.

Step 3: Select Amount to Deposit

In the modal, input the amount of ebUSD you want to deposit into the chosen pool.

Step 4: Approve Token Transfer

After clicking “Confirm,” your wallet will prompt a signature or transaction to approve token spending by the Ebisu contracts.

Step 5: Perform Deposit Transaction

Once approved, you’ll confirm one more transaction to deposit your ebUSD into the Stability Pool.

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Earn Option 2: Provide Liquidity on Curve (ebUSD-USDC Pool)

Step 1: Go to the Pool

Visit: curve.finance/dex/ethereum/pools/factory-stable-ng-487/deposit

Step 2: Connect Wallet

Click "Connect Wallet" and choose your wallet provider.

Step 3: Choose Deposit Amounts

Input the amount of ebUSD and/or USDC you wish to provide. You can deposit a single token or both.

Step 4: Approve Token Transfer(s)

Approve each token (ebUSD and/or USDC) in your wallet to allow Curve to use them.

Step 5: Deposit

Click “Deposit” to add your funds to the liquidity pool. You’ll receive Curve LP tokens in return.

Step 6: Optional — Stake for Gauge Rewards

Stake your LP tokens on Curve to earn additional CRV incentives.

Providing liquidity helps deepen ebUSD’s peg and earns trading fees, with additional rewards on top paid using 25% of all Borrower interest.

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