About this Chart
Cashback is awarded as AVAX and accumulates in the user's EthenaPay wallet. This chart books the amount when that AVAX is received, not when the user later claims it. Claiming is optional and swaps accumulated AVAX into USDe. Cashback is partner-funded by Avalanche.
Headline rates are 4% / 4.5% / 5% (standard / pro / vip) on the first band of calendar-month card spend, then step down. Settled transactions only; paid once a day; $1 minimum. Receipts typically land 1–2 UTC days after spend, so the same-day bar is not that day's spend rate.
The orange line is trailing-7-day issued cashback divided by trailing-7-day card spend. It is not the product headline rate.