Dollars Earn

Dollars Earn

Dollars Earn is a redesigned campaign in Wallet Earn that allows you to earn daily rewards for depositing USDT in your Earn account.

You can join by checking the Wallet Earn page in Wallet, choosing ‘Dollars’ and tapping on ‘Start Earning’. By participating in Dollars Earn, you will receive daily USDe rewards for your deposit. Learn more about USDe.

If you need help topping up your Wallet, check out the instructions here.

This redesigned campaign also gives users the opportunity to get rewards from an additional prize pool. The prize pool is limited, and the additional rewards will be awarded until this prize pool is exhausted. Bonus rewards are only awarded for the first 25,000 USDT deposited into Dollars Earn.


Make sure to read the Terms and Conditions of the Campaign here.

Start date: June 24

Important: The name "Dollars Earn" refers solely to the name of the Campaign and does not relate to any fiat currency with the word “dollars” in its name, any traditional financial instruments, or similar concepts.

Where do rewards for Dollars Earn come from

Rewards come from Wallet for participation in the Campaign. All funds deposited to Dollars Earn are automatically converted into the USDe token — the currency used for storing value and receiving rewards within this campaign. The USDT-to-USDe conversion occurs when you top up your Earn account. When withdrawing funds from Dollars Earn, a reverse conversion from USDe to USDT takes place.

Rewards are paid in USDe at the relevant APY rate to your Earn account. Learn more about Ethena.

The Campaign offers two types of rewards:

  1. Basic Rewards – these may vary based on market conditions and depend on the duration of your participation in the Campaign.
  2. Bonus Rewards – a loyalty bonus provided to first-time participants in the Campaign, available while the bonus pool lasts. Bonus USDe rewards come from a dedicated prize pool.

All rewards are distributed directly by Wallet and are calculated based on the duration of your participation in the Campaign.

What is USDe

USDe is a “synthetic dollar” cryptocurrency developed by Ethena Labs. USDe derives its value from the design of the Ethena protocol, the assets backing it, and automatic risk balancing based on these assets. Learn more about USDe

What is the Ethena protocol and is it secure

Ethena is a protocol built on Ethereum that enables the issuance of USDe, which users can use for payments, as a medium of exchange, or for staking / participation in third party promotional programs.

Important: While providing services for cryptocurrency storage, Wallet does not provide investment advice. Like any other cryptocurrency related operation, participation in the Campaign involves risks. Ethena is a third party organization that is not affiliated with Wallet. Wallet does not control the Ethena protocol and is not responsible for its performance. Before participating, we encourage you to do your own research with due diligence and carefully check Dollars Earn Terms.

Learn more about the Ethena protocol’s operations on Ethena’s official website.

What are the risks associated with this campaign

Ethena is committed to transparency and outlines several key areas of potential risk, particularly related to its token USDe. Read more about the risks on Ethena's website: Risks

When participating in Dollars Earn, you deposit USDT, which is later automatically converted to USDe — a synthetic dollar issued by Ethena.

While designed to maintain synthetic USD value, USDe may lose its value in extreme market conditions. Due to this reason, in rare cases, your USDe balance may be worth less than before. Transfers to/from Earn accounts are settled at the current exchange rate (USDT-to-USDe and USDe-to-USDT, accordingly). These exchange rate changes may affect the actual amount of USDe (upon Earn deposits) or USDT (upon Earn withdrawals) that you receive.

Example: you are withdrawing 500 USDe from your Earn account. If the USDe-to-USDT rate changes to 1 USDe = 0.98 USDT when withdrawing, your 500 USDe will be converted to 490 USDT, thus you will receive 490 USDT to your Wallet.

By participating in the campaign, you confirm that you understand and accept this risk.

How long will Dollars Earn last

The campaign does not have an end date. You can open your Earn account and top it up at any time, starting from June 24, and store your crypto assets there for an unlimited period.

Please note: Boosted rewards are available for a limited time — until the Boosted prize pool is exhausted.

Is participation restricted for certain regions

Yes, there may be certain regions where participation is restricted. In accordance with the User Agreement, Wallet reserves the right to select markets, jurisdictions, and may restrict some services in countries with perceived risks, at its discretion, or as mandated by laws, authorities, or sanctions.

Wallet can thereby define and regulate the list of jurisdictions where Earn programs may be available.

You can check whether the Dollars Earn campaign is available to you in the ‘Wallet Earn’ section.

If you do not see the related ‘Wallet Earn’ tab in your Wallet, it is likely that the campaign is not available in your region.

How can I deposit USDT into my Earn account

On the Wallet Earn page, tap ‘Deposit’ and enter the amount in USDT that you wish to place in the Earn account. If you don’t have enough USDT in your balance, you can top up your Wallet in the following ways:

After being deposited into your Earn account and converted to USDe, the funds will appear in the ‘Balance’ section on the Wallet Earn page.

How much can I deposit into my Earn account

There is no maximum deposit limit — you can deposit any amount starting from 10 USDT and increase your staked deposit periodically to get even higher rewards. That said, there is a maximum limit on the amount that accrues bonus rewards, and this limit is 25,000 USDT.

Minimum deposit amount is 10 USDT.

When will I receive my first rewards

You will start earning rewards the next full day following your deposit successfully reaching your Earn account. For example, if you deposit your USDe at 23:00 GMT on June 25, and it successfully is credited to your Earn account, you will accrue rewards starting June 27 (between 01:00 and 03:00 GMT).

In this case, only June 26 is counted as a full day. June 25 will not be counted in the calculation, since your funds were not stored in the Earn account for the full day (i.e. it was only 1 hour out of the entire day of June 25).

The reward amount for a specific day depends on the minimum balance that you had in your Earn account on the previous calendar day. In the example above, you are not eligible for June 26 rewards, since the minimum balance on June 25 was 0 USDe. The reward for June 27 will be calculated based on the minimum balance on June 26.

Where will the rewards be credited

Rewards in USDe (both Basic and Bonus ones) are accrued daily in one transaction on the remaining deposit balance of your Earn account.  After that you will be able to transfer them to your main Wallet balance. Upon this transfer, a reverse conversion from USDe to USDT takes place. Rewards can be withdrawn to your Wallet in parts or all at once, upon canceling your participation in the campaign.

What does APY mean

APY (Annual Percentage Yield) refers to the annual rate of return on your Earn deposit, expressed as a percentage. In simple words, if you deposit USDe, APY will help you understand how much USDe you will accrue over a one-year period. The interest you earn will then roll into the next calculation: the longer you keep funds in Wallet Earn, the larger your yield will be over time.

The APY rate is volatile, and its percentage changes weekly. A certain reward amount is not guaranteed. For up-to-date APY information, always refer to the Dollars Earn page.

What does Boosted APY mean

Boosted APY helps you make an extra return on your Earn deposit. Boosted APY uses the same calculation formula as Base APY, but applies only if you keep a specified amount of funds in your Earn account at a specified time period.

Extra rewards at the Boosted APY rate are only available to users who are depositing to Dollars Earn for the first time. If you are joining Dollars Earn for the first time, you will be eligible for Boosted APY rewards for some time - until the Boosted prize pool is exhausted.

Read here on how Boosted APY rewards are calculated.

How does Boosted APY work

Boosted rewards are calculated using the same formula as Base rewards, but with some limitations. Boosted rewards at a fixed 15% APY will accrue only on the first 25,000 USDe received in your Earn account. If your Earn balance exceeds 25,000 USDe, Boosted APY will apply only to the first 25,000 USDe, and the remaining balance will earn rewards at the Base APY.

Example calculations (assuming a 4% Base APY):

  • If you deposit 10,000 USDe, you will receive rewards at 15% Boosted APY (i.e. basic rewards at 4% Base APY + extra rewards at approximately 11% APY) on the entire deposit.
  • If you deposit 30,000 USDe, you will receive rewards at 15% Boosted APY (i.e. basic rewards at 4% Base APY + extra rewards at approximately 11% APY) only on the first 25,000 USDe deposited. The remaining 5000 USDe will earn you rewards at 4% Base APY.
  • After the Boosted APY period is over, you will receive rewards only at the relevant Base APY, regardless of your Earn account balance.

Please note: Boosted rewards are available for a limited time — until the Boosted prize pool is exhausted.

How is APY calculated and what does it depend on

The percentage value for Boosted APY is the sum of Base APY (changes weekly) and APY for extra rewards, and is fixed at 15%.

Please note: the percentage value that you see in the ‘APY’ field is the effective rate, accounting for both Base and Boosted APY rates.

Effective APY (Annual Percentage Yield) is the real rate of return, expressed as a percentage, that shows how much you can earn in one year, taking into account the effect of compounding interest. It differs from Base APY by incorporating how frequently the interest is compounded (in this case - daily). See here how the effective rate is calculated.

How are the rewards calculated

Here is the formula to calculate your reward:

Example: you deposited 3000 USDe to your Earn account.

If the APY rate is 4%, then you will receive the following daily reward:


If the APY rate is 8%, then you will receive the following daily reward:


How are the Boosted APY rewards calculated

Here is the formula to calculate your Base rewards:


And here is the formula to calculate your Boosted rewards:


Example: you deposited 30,000 USDe to your Earn account during the Boosted APY period.

If the Base APY is 4%, then you will receive the following reward on the full balance:


If the Boosted APY is 11%, then you will receive the reward with this APY on your deposit’s first 25,000 USDe only:


This way, your total reward per day (Total Payout) will be:


How is Effective APY calculated

Here is the formula to calculate the applicable Effective APY:


For example, in scope of the above calculations, the Effective APY will be:


How much will I receive if I deposit 1500 USDT on July 12? How do you calculate the reward

Reward calculation is based on the minimum deposit balance from the previous calendar day. This means you will start to see rewards accruing one day after your initial deposit. After getting to the Earn account, your USDT deposit gets converted to USDe and starts accruing rewards in USDe.

Let us look at the example above, assuming a Base rate of 4% APY. The reward for July 13 will be calculated based on a balance of 0 USDe, as the minimum balance on July 12 was 0 USDe. The reward for July 14 will be calculated based on the minimum balance on July 13, which is 1500 USDe. In that case the reward would be around 0.15 USDe.

Your rewards will continue to accrue every day after — without needing to add more USDT to your Earn account.

The Base APY rate is volatile, and its percentage changes weekly. If APY rates change, the reward amount may also differ on different days, even if the deposit amount is the same.

Where can I see my accrued rewards

You can see the total rewards accumulated during your entire period of participation in Dollars Earn in the ‘Total Earned’ section on the Wallet Earn page. By tapping ‘See Details’, you can also see which of the accrued rewards are Base APY rewards, and which are Boosted APY ones.

The full reward history is accessible in your Transaction History on the Earn page.

Do I need to complete verification to participate in Dollars Earn

You have to pass verification successfully to make a deposit in your Earn account. If you haven’t verified your Wallet yet, you can do so on the Earn page by сhoosing the desired program.

To participate in Dollars Earn, it is mandatory to pass verification in Wallet. The required verification level depends on internal security measures and is set on a case-by-case basis, taking into account various criteria.

Once you confirm your participation in Dollars Earn, Wallet will suggest the verification level you need. Read more about different verification levels.

My verification (KYC) was not successful, will I be able to participate

Successful verification is mandatory for participation, in accordance with the Terms of the campaign. If you failed to pass KYC, we recommend that you contact our customer support. Our team will take a closer look at your situation and communicate the next steps.

I no longer wish to participate in Dollars Earn

You can close your Earn account and withdraw the whole deposit, along with the rewards earned, at any time. To do so, tap ‘Withdraw’ and type in the amount for withdrawal. The USDT amount (your deposit plus rewards) will appear in your Wallet balance.

When requesting a withdrawal from your Earn account, you withdraw funds from its joint balance, including both your deposit and all the rewards earned.

The minimum withdrawal amount is 1.3 USDe. If you have less than 1.3 USDe in your balance, consider keeping your deposit in the Earn account a little longer until you reach the minimum withdrawal amount.

I withdrew funds from Dollars Earn and closed my Earn account. Can I participate again

Yes, you can deposit and participate again. However, the campaign terms and the APY rate are subject to change and may be different at that time.