Ember Earn (eEARN) stablecoin analytics
eEARN is Ember's yield-bearing USDC vault token on Ethereum, with Royco Dawn tranche markets wrapping its vault shares.
Static Profile
Static stablecoin profile
Ember Earn (eEARN) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
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.
AI summary / Updated Jun 13, 2026
eEARN is Ember's yield-bearing USDC vault share tracked on Ethereum for Royco Dawn coverage. The token behaves like a NAV wrapper: deposits mint vault shares, withdrawals return the vault asset, and market value should follow the USDC-denominated share price rather than a flat...
AI summary · drafted by gpt-5-codex · reviewed by Codex Royco coverage addition on Jun 13, 2026 · facts as of Jun 13, 2026
- 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.
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is eEARN safe?
Pharos does not mark eEARN as absolutely safe. Static metadata says Ember Earn uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety eearn-ember
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 13, 2026.
eEARN quick answers
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 US Dollar peg 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
What backs eEARN?
Pharos classifies eEARN backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited into Ember Earn's Ethereum vault token; Royco Dawn wraps eEARN into senior and junior tranche vaults for structured yield exposure Reserve evidence: live reserve feed configured.
Can eEARN be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for eEARN, when applicable, appear in the dossier below.