Public Mint EARN is able to generate returns by tapping into diverse, yield-generating products offered by DeFi (like Compound or Aave) and CeFi (like Abra) partners. Earnings from these third parties typically come from overcollateralized lending products. 

EARN generates dynamic returns based on the current rates offered by these CeFi partners and integrated DeFi protocols, in proportion to the allocation determined by governance. This means that the rates are not set or guaranteed in any way by Public Mint.

This works as a risk management strategy by allowing you to dip your toes into high rates offered at the crypto space without all of the risk typically associated with using a single partner. 

Our design offers a great balance between simplicity and security.

On the one hand, we don't ever touch your private keys. Your private keys are encrypted and backed up directly into your cloud provider (Google Drive or iCloud for now) - this means no more losing private keys. But they can also be stored and managed locally via our web wallet (if you're tech savvy). 

Keep in mind that neither us nor your cloud provider can ever see your keys - they're stored 100% encrypted.

On the other hand, using your wallet is as simple and convenient as logging in with your preferred cloud provider.

When funds are moved into EARN, they leave the FDIC-insured partners that make up our custodial network and are sent to a variety of CeFi and DeFi partners, each with their own approach to insurance.

We are working on integrating EARN with multiple decentralized insurance protocols/providers as options for portfolio allocation. The initial allocation also includes 10% of the total value locked (TVL) allocated as an "insurance fund" - but this value may be changed by future governance proposals. Funds allocated to insurance do not accrue earnings.

In addition to insurance, the diversification of funds across multiple earnings providers gives another layer of robustness to the system, as a hack or insolvency by a single provider cannot compromise the entirety of the funds.

When money is staked in the EARN Program, users benefit from a balanced market approach resulting from a portfolio of CeFi and DeFi offerings available in the market.

The portfolio is regularly updated and voted upon by the MINT Governance token holders (typically crypto experts with a financial incentive to vote on the best portfolio options available).

With the EARN program you can:

• Stake your USD to receive USD+ and start earning daily USD+ returns.
• Add more funds or cash out anytime with no penalties by adjusting your staked amount.
• When cashing out, your USD+ will be converted back to USD in up to 24h.

The EARN program is based on US Dollars (USD), which is the native currency of the Public Mint network.

In addition to USD, there are two other tokens that sit at the core of the EARN system:

• USD+ token: an earnings-bearing token that is issued to a user whenever they stake USD or USDC liquidity into the system. As long as you keep your liquidity locked, your USD+ balance will grow daily proportionally to the current APY
• MINT token: utility and governance tokens which give holders extra rewards for participating in the system’s governance and a share of the program’s fees