Profile
eEARN profile facts
Ember Earn (eEARN) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant relationship
Ember Earn (eEARN) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- USDC deposited into Ember Earn's Ethereum vault token; Royco Dawn wraps eEARN into senior and junior tranche vaults for structured yield exposure
- Peg mechanism
- ERC-4626-style shares redeem against the vault's USDC asset at the current share price; the token is a NAV wrapper over USDC rather than a fiat-issuer stablecoin
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
eEARN quick answers
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What is Ember Earn (eEARN)?
eEARN is Ember's yield-bearing USDC vault token on Ethereum, with Royco Dawn tranche markets wrapping its vault shares. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626-style shares redeem against the vault's USDC asset at the current share price; the token is a NAV wrapper over USDC rather than a fiat-issuer stablecoin.
Is eEARN safe?
As of Oct 28, 2026, Pharos grades eEARN C (56/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs eEARN?
Pharos records eEARN's reserves as of Oct 27, 2026 as 100% Ember Earn deployed strategy positions. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can eEARN be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem eEARN?
Under the route Pharos reviewed on Oct 7, 2026, any holder can redeem eEARN for USDC. Requests go through a redemption queue. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
