# My Yield Sources

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🔵 **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](https://app.morpho.org/base/vault/0x616a4E1db48e22028f6bbf20444Cd3b8e3273738/seamless-usdc-vault)&#x20;
* **Moonwell Flagship Vault** — Managed by Block Analitica and B.Protocol, it prioritizes reliable, blue-chip lending markets for stable performance. [Check it out](https://app.morpho.org/base/vault/0xc1256Ae5FF1cf2719D4937adb3bbCCab2E00A2Ca/moonwell-flagship-usdc)&#x20;
* **Spark USDC Vault** — Operated by SparkDAO, this vault focuses on efficient liquidity provisioning to Morpho Blue’s lending pools. [Check it out](https://app.morpho.org/base/vault/0x7BfA7C4f149E7415b73bdeDfe609237e29CBF34A/spark-usdc-vault)&#x20;
* **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](https://app.morpho.org/base/vault/0xbeeF010f9cb27031ad51e3333f9aF9C6B1228183/steakhouse-usdc)&#x20;
* **Gauntlet USDC Prime** — Curated by Gauntlet, it optimizes for risk-adjusted yield across large market cap and high liquidity collateral markets. [Check it out](https://app.morpho.org/base/vault/0xeE8F4eC5672F09119b96Ab6fB59C27E1b7e44b61/gauntlet-usdc-prime)&#x20;
* **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](https://app.morpho.org/base/vault/0xc0c5689e6f4D256E861F65465b691aeEcC0dEb12/gauntlet-usdc-core)&#x20;
* **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](https://app.morpho.org/base/vault/0x1D3b1Cd0a0f242d598834b3F2d126dC6bd774657/clearstar-openeden-usdc)&#x20;

These vaults let me access diversified, strategy-optimized lending performance without compromising on composability or safety.

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🟣 **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](https://app.gitbook.com/o/56uQ0cKk1QGNCWAIezsM/s/vu15xX9Hs7Hck0VaYCSp/)

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🌕 **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](https://docs.moonwell.fi/moonwell)

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💧 **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](https://fluid.guides.instadapp.io/lending-protocol/lending-on-fluid)

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**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.

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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.
