Lido is revising fees on its EarnETH Vault, cutting the annual assets-under-management fee from 1% to 0.2% and raising the performance fee from 10% to 15% of strategy returns, with future adjustments capped at 0.5% AUM and 20% performance. The change reduces the recurring deposit charge by 80% while tying a larger share of costs to vault results, so the net impact on users depends on how EarnETH performs. EarnETH held about $198.3 million in total value locked on August 27 and showed roughly 3.5% APY over the prior 14 days, with vault and staking APYs near 3.47% and 2.19%. The product deploys ETH and staked ETH in DeFi strategies to generate yield above base staking returns. Applicable fees will appear on the EarnETH interface, and Lido will announce any later changes. Lido remains the largest liquid-staking protocol, with $23.8 billion TVL and 46.7% of that category.