Title: Ark Onboarding for proposed EURC Vault on Base Author(s): Javier Related Discussions:Onboard EURC to Base Submission Date: 03-Ma-2025
Summary
As part of the proposed EURC Vault onboarding proposal onto Base, this RFC suppliments the proposal with the proposed initial arks to deploy it with.
Overview:
This RFC proposes to onboard Morpho Moonwell Flagship EURC, Morpho Steakhouse EURC, Fluid EURC market and Moonwell lending market.
Motivation
We are now hovering around 40M and it’s time to keep growing our user base and add more fleets and arks to keep momentum. More fleets and ARKs mean more alternatives for users to deposit their assets in Lazy Summer Protocol eventually leading to organic growth.
I strongly support the onboarding of EURC on Base. There are Tier 1 protocols already including EURC within their markets. It’s a fiat backed stablecoin with strong liquidity. EURC will provide stablecoin diversification within the Lazy Protocols low risks strategies.
I agree with the overall direction of this proposal to onboard an EURC Vault on Base and the proposed initial ARKs. Expanding our offerings and user base is crucial for continued growth.
The selection of Morpho Moonwell Flagship EURC, Morpho Steakhouse EURC, and Fluid EURC market aligns with our strategy of utilizing established and reputable protocols.
However, I want to highlight that integrating the Moonwell Lending Market will require dedicated development resources. This integration will necessitate development and testing to ensure compatibility and security.
Therefore, while I support the inclusion of the Moonwell Lending Market, it’s essential to factor in the development effort and time required. We should prioritize this integration based on available resources and the overall roadmap.
In summary, I support the proposed ARKs, with the understanding that the Moonwell Lending Market integration will require additional development effort.
Based on a quick docs review, it should be a quick thing.
My only concern is the WELL tokens - not sure how to claim them yet ( I’m only using the Flagship EURC on my own, not moonwell directly). If that’s Angle Merkl then we are fine, we could sweep them to the auction contract and auction them off.
I could create a PR with Moonwell this week / early next week, and would be great to get someone from Moonwell to review it.
Having had similar issues on Reserve protocol wrt claiming MORPHO tokens for their vaults and then rebasing them. It took a decent amount of dev effort, but unlocks a whole new class of strategies…