Earning Yield & stERN

Learn how to deposit your ERN into the Stability Pool.

Now that you’ve opened your first position, it’s time to put your ERN to work in the Stability Pool. Navigate back to the Ethos Reserve Dashboard to get started.

From the dashboard, click on Deposit in Stability Pool.

From the Stability Pool interface, it’s as easy as typing in the amount to deposit and then clicking on Join Pool.

Clicking on Join Pool will open up the transaction window. You will be asked by your wallet provider to confirm the transaction.

After the transaction is confirmed, you will see your deposit alongside pending rewards.

When your rewards are ready to claim, you’ll see a box show up prompting you to claim them!

Congratulations! You’ve just created a yield-bearing decentralized financial position with Ethos Reserve! Learn more about the mechanics of the Stability Pool here.

Staked ERN (stERN)

Staked ERN (stERN) is an interest-bearing ERC-20 token representing ERN that has been staked in the Stability Pool on Ethos Reserve. It is a receipt token received from staking ERN into the stERN vault on Reaper.

When you stake ERN directly into the stability pool, you earn yield from the underlying collateral and liquidation income – rewards which must be claimed. The stERN vault on Reaper compounds the yield back into more ERN, producing a composable, interest-bearing version of ERN that grows in value in accordance with the yield earned by the Stability Providers. By holding stERN, users are given access to the benefits of being a Stability Provider all while holding a liquid ERC-20 token that can be used across DeFi.

In summary, stERN is a liquid and composable interest-bearing stablecoin derivative with built-in access to blue-chip yield and exposure to market volatility through liquidation income via Ethos Reserve.

You can acquire stERN in two ways: By staking ERN in the stERN vault on Reaper, or by swapping for it using a decentralized exchange that supports a stERN pool.