Managed vault strategies can use the same deposit asset while relying on different portfolio construction, accounting, and redemption mechanics. Supporting each strategy directly can require a wallet or financial platform to maintain vault-specific discovery, transaction construction, and position tracking.
Platforms should be able to add new vault strategies without rebuilding those flows for every product.
Yield.xyz now supports Ember Protocol's PPLUS and EEARN vaults through the Yield API. Platforms can discover both opportunities, construct enter and exit transactions, and track balances through one normalized workflow. Users retain control over transaction signing.
Two USDC vaults with distinct strategies
PPLUS and EEARN both accept USDC, but they give platforms two different ways to serve users looking for managed onchain yield.
PPLUS: leveraged credit curated by Bitwise
PPLUS connects USDC to a portfolio of tokenized real-world credit assets. Bitwise designed and curates the leveraged credit strategy, while Ember Protocol operates the vault and executes transactions.
The strategy can allocate across tokenized credit positions and a liquidity sleeve. Bitwise evaluates the assets and recommends allocations; Ember makes the final portfolio decisions and manages execution through the vault infrastructure.
PPLUS carries credit, leverage, liquidity, smart contract, and operational risks. The vault is available only to eligible non-U.S. persons, and platforms should review Bitwise's PPLUS terms and disclosures before making it available to users.
EEARN: diversified stablecoin yield
EEARN is Ember Protocol's multi-strategy stablecoin vault. Ember can allocate USDC across fixed income, DEX liquidity, lending, and rate-carry strategies as market conditions change.
Rather than tying the position to one lending market or liquidity pool, EEARN gives users exposure to a managed portfolio of stablecoin strategies through a single vault position. The allocation mix and realized returns can change over time, and deposits remain subject to the risks of the underlying strategies and protocols.
One workflow for discovery and execution
PPLUS and EEARN differ in portfolio construction, eligibility, and redemption mechanics. Yield.xyz preserves those product details in the opportunity data while giving integrators a consistent application workflow.
Wallets, custodians, and fintech platforms can use the Yield API to:
- Discover PPLUS and EEARN alongside other supported yield opportunities.
- Surface vault metadata and position data in their own interfaces.
- Construct standard enter and exit transactions for each vault.
- Track user balances without maintaining a separate integration for each strategy.
Yield.xyz returns the transaction data to the platform's existing signing flow. The platform keeps control of its interface, approval policies, and user relationship, while the user or the platform's configured signer authorizes each transaction.
What platforms can build
Wallets can add leveraged credit and diversified stablecoin strategies to an existing earn experience. Custodians can support the same vaults while retaining their established signing and approval controls. Fintech platforms can present managed onchain yield without building Ember-specific transaction logic for each product.
The same Yield API workflow can support additional opportunities as a platform expands its yield coverage. Integrators can focus on product design, eligibility controls, and user communication instead of maintaining a separate action model for every vault.
Get started
PPLUS and EEARN are live in the Yield API. Review each vault's current terms, eligibility requirements, withdrawal mechanics, fees, and risk disclosures before making it available to users.