What is Fuse Earn?
Fuse Earn provides you with a curated, wallet-native experience to earn yield on stablecoins while keeping your assets safe behind Fuse’s programmable security.
Note that deposited funds are subject to protocol and smart contract risks that could result in loss of funds. Learn more about these potential risks here.
Fuse Earn Integrations
We have partnered with Drift as Fuse Earn’s first integrated product. Drift is a decentralized borrowing and lending protocol where users deposit assets into liquidity pools and over-collateralized borrowers pay interest to access liquidity. Drift supply APY is subject to change depending on protocol utilization ratio and other conditions.
How to deposit assets to Fuse Earn
Navigate to the “Earn” tab and select your preferred deposit option. We will be using Drift in this example. Note: Fuse Earn creates a new Drift account for you which requires a small amount of SOL. We have partnered with Drift to sponsor the account creation for the first 1,000 deposits made with Fuse Earn.
Next, select the token (USDC or PYUSD) you want to deposit. Here you can also see the APY you will earn by depositing either USDC or PYUSD.
Select the amount of tokens you want to deposit and click “Deposit”.
Once the transaction goes through, you can view your Fuse Earn balance and the yield progression in the “Earn” tab.
How to withdraw assets from Fuse Earn
Navigate to the “Earn” tab, select the DeFi application (Drift in this case), and click “Withdraw”.
Choose the token (USDC or PYUSD), the amount you want to withdraw and select ”Withdraw”.
Once the transaction goes through, you can view your transaction history in the “Activity Center” and your token balance in the “Coins” tab.
Start earning with Fuse Earn
Fuse Earn combines the safety of a smart wallet with the convenience of DeFi.
Put your stablecoins to work and maximize your yield with Fuse Earn today—all while never leaving the Fuse app.