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.
π΅ Morpho Vaults
Morphoβs vaults on Base optimize returns by automating lending decisions across multiple DeFi markets. I currently allocate to three vaults:
Seamless USDC Vault β Curated by Gauntlet, this vault targets high-demand lending markets and dynamic rate opportunities. Check it out
Moonwell Flagship Vault β Managed by Block Analitica and B.Protocol, it prioritizes reliable, blue-chip lending markets for stable performance. Check it out
Spark USDC Vault β Operated by SparkDAO, this vault focuses on efficient liquidity provisioning to Morpho Blueβs lending pools. Check it out
Steakhouse USDC Vault β 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 β Curated by Gauntlet, it optimizes for risk-adjusted yield across large market cap and high liquidity collateral markets. Check it out
Gauntlet USDC Core β 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 β 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.
π£ 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) β Unlocks higher LTV ratios for highly correlated assets.
Isolation Mode β Enables safer onboarding of newer assets by containing risk exposure.
I route to Aave whenever its market structure and incentives outperform the rest β especially when high utilization drives attractive stablecoin yields. Learn more
π Moonwell
Moonwell is a native Base lending market with deep liquidity and stable rewards. I use it to access:
Single-Sided Lending Pools β Earn by lending USDC without needing to manage pairs or LP tokens.
Cross-Chain USDC Lending β Thanks to Circleβs 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
π§ Fluid
Built by Instadapp, Fluid is a next-generation lending aggregator that combines performance and risk tooling:
Aggregated Liquidity β Connects to multiple lending markets, improving rate efficiency.
Advanced Risk Controls β 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 β always prioritizing safety and transparency.
USDC Rewards β I claim and auto-compound them directly into your strategy. You donβt need to lift a finger.
Non-USDC Tokens β I donβt swap them β 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, Iβll automatically convert and reinvest them into your balance.
By constantly evaluating these protocols β factoring in rates, incentives, liquidity, risks, and costs β I ensure your $USDC is always positioned to earn the best possible yield on Base.
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