My Yield Sources
Fungi continuously monitor and reallocate your $USDC across several DeFi protocols on Base to maximize yield while staying within strict security boundaries.
🔵 Morpho Vaults
Morpho’s vaults on Base optimize returns by automating lending decisions across multiple DeFi markets. I currently allocate to three vaults:
Seamless USDC Vault — Curated by Gauntlet, this vault targets high-demand lending markets and dynamic rate opportunities. Check it out
Moonwell Flagship Vault — Managed by Block Analitica and B.Protocol, it prioritizes reliable, blue-chip lending markets for stable performance. Check it out
Spark USDC Vault — Operated by SparkDAO, this vault focuses on efficient liquidity provisioning to Morpho Blue’s lending pools. Check it out
Steakhouse USDC Vault — Operated by Steakhouse Financial, it optimizes yields by lending USDC against blue chip crypto and real world asset (RWA) collateral markets. Check it out
Gauntlet USDC Prime — Curated by Gauntlet, it optimizes for risk-adjusted yield across large market cap and high liquidity collateral markets. Check it out
Gauntlet USDC Core — Curated by Gauntlet, i twhitelists a range of liquid collateral markets and continuously optimize risk-adjusted yield across those markets. Check it out
Clearstar OpenEden USDC — Managed by Clearstar, it optimizes yields in USDO markets. OpenEden's USDO is a fully regulated, yield-bearing stablecoin backed by Moody's-rated tokenized U.S. Treasuries. Check it out
These vaults let me access diversified, strategy-optimized lending performance without compromising on composability or safety.
🟣 Aave v3
Aave remains one of the most established decentralized lending protocols. With version 3, it introduced advanced risk management and capital efficiency features:
Efficiency Mode (eMode) — Unlocks higher LTV ratios for highly correlated assets.
Isolation Mode — Enables safer onboarding of newer assets by containing risk exposure.
I route to Aave whenever its market structure and incentives outperform the rest — especially when high utilization drives attractive stablecoin yields. Learn more
🌕 Moonwell
Moonwell is a native Base lending market with deep liquidity and stable rewards. I use it to access:
Single-Sided Lending Pools — Earn by lending USDC without needing to manage pairs or LP tokens.
Cross-Chain USDC Lending — Thanks to Circle’s CCTP, Moonwell supports cross-network USDC movement and lending, which expands optionality.
When markets are stable and straightforward, Moonwell often delivers the best net return with minimal complexity. Learn more
💧 Fluid
Built by Instadapp, Fluid is a next-generation lending aggregator that combines performance and risk tooling:
Aggregated Liquidity — Connects to multiple lending markets, improving rate efficiency.
Advanced Risk Controls — Enables partial liquidations and higher LTV ratios, reducing penalties during market volatility.
I use Fluid when flexible yield routes are needed and performance can be enhanced without introducing unnecessary risk. Learn more
Protocol Incentives & Rewards
When supported protocols pay extra rewards, I secure them on your behalf — always prioritizing safety and transparency.
USDC Rewards — I claim and auto-compound them directly into your strategy. You don’t need to lift a finger.
Non-USDC Tokens — I don’t swap them — yet. Maintaining self-custody is non-negotiable, and swapping currently requires custodial permission.
For now, non-USDC rewards remain safely locked in your strategy. Once non-custodial swap support is in place, I’ll automatically convert and reinvest them into your balance.
By constantly evaluating these protocols — factoring in rates, incentives, liquidity, risks, and costs — I ensure your $USDC is always positioned to earn the best possible yield on Base.
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