earnAUSD
EARNAUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
EARNAUSD (earnAUSD) is a yield-bearing receipt token for Agora's AUSD on the Monad network, managed via Upshift vault infrastructure and curated by Gamma Research. It automatically allocates collateral across lending and DeFi strategies. A notable data gap exists in Community Support (-1.0), as the Monad-based contract and lack of external tracking prevented verification of social presence and holder metrics; its weight was proportionally redistributed across the remaining sections. The project demonstrates operational utility with yield accrual and integrations on Euler, but scores moderately to poorly across development telemetry (5.0), market adoption (3.5 due to minimal secondary volume of ~$19.86), governance (3.5 due to fully centralized operator control without public repositories or on-chain governance), and security (4.0 due to the absence of public audit documentation for the vault contracts). No qualifying red-flag events, exploits, or regulatory actions were identified. The overall score directly reflects the mathematically weighted average of the verified sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About earnAUSD (EARNAUSD)
EARNAUSD (earnAUSD) is a yield-bearing receipt token for Agora's AUSD stablecoin, deployed on the Monad blockchain. Developed by Upshift in partnership with Agora and curated by Gamma Research, the token functions as a managed vault asset that accepts AUSD deposits and systematically allocates collateral across lending, basis trading, and decentralized finance strategies, including integrations on platforms such as Euler. The token does not have a fixed supply or vesting schedule, as its supply expands and contracts in direct correspondence with user deposits and redemptions.
While the vault achieved operational usage on Monad with peak total value locked exceeding $80 million, the project operates under a centralized management structure. The protocol lacks on-chain governance, a publicly available whitepaper, open-source development repositories, published individual team credentials, and public documentation detailing its fee structure.
From a market and security perspective, earnAUSD carries structural risks tied to its unaudited status and multi-layer dependencies. As of its evaluation, there are no public third-party security audits or security review scores available for the earnAUSD token or the underlying Upshift vault smart contracts. Additionally, the token exhibits negligible secondary market activity, with 24-hour trading volume recorded near zero despite a market capitalization of over $21 million. Holders remain exposed to compounding counterparty risks across Agora, Upshift's vault infrastructure, and the external DeFi venues where collateral is deployed.