# \[RFC\] Include Clearstar Curated Vaults as new sources of yield for the current Vault Products **URL:** \ **Category:** Request for Comment \[RFCs\]\ **Tags:** usdc, arbitrum, ark-onboarding, mainnet, base\ **Created:** [November 5, 2025, 7:29pm UTC](https://forum.summer.fi/t/rfc-include-clearstar-curated-vaults-as-new-sources-of-yield-for-the-current-vault-products/453 "2025-11-05T19:29:37Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Lunaman](https://avatars.discourse-cdn.com/v4/letter/l/8dc957/32.png) [@Lunaman](https://forum.summer.fi/u/Lunaman)\ **Post date:** [November 5, 2025, 7:29pm UTC](https://forum.summer.fi/t/rfc-include-clearstar-curated-vaults-as-new-sources-of-yield-for-the-current-vault-products/453/1 "2025-11-05T19:29:37Z")
### 1. Summary: We propose integrating Clearstar Labs’ curated Morpho and Ipor vaults on Ethereum mainnet, Base, and Arbitrum into Summer Protocol’s vault offerings through Lazy Summer. **About Clearstar:** Clearstar is an onchain strategy curator with deployed vaults across Morpho, Euler, IPOR, and other leading DeFi protocols. We are backed by a Swiss family office with approximately €1B AUM and combine deep expertise from private equity, investment banking, and DeFi. Our approach has been refined through continuously providing infrastructure, yield optimization, and risk management for a crypto fund managing 30M USD and more than 100M USD TVL across our curated vaults. We design vaults with institutional rigor but package them for seamless integration into consumer-facing products. These vaults would provide diversified yield sources across both low-risk and high-risk vault categories. Clearstar employs a qualitative-first risk management approach (60% qualitative / 40% quantitative) with active monitoring, focusing on operational due diligence and real-time risk mitigation rather than relying solely on quantitative scoring models. This integration would expand Summer’s yield options while maintaining rigorous risk standards through proper labeling and transparency about each vault’s risk profile. * * * #### **2. Context & Motivation:** #### **Current Challenge** The DeFi space faces a critical issue in how yield strategies are presented to end users. The primary problem is not necessarily the risk profile of strategies themselves, but rather the lack of proper risk labeling and transparency. Many protocols over-rely on quantitative risk scores that provide users with a false sense of security, reducing complex operational and qualitative risks to simple numerical ratings. #### **Why This Matters** Frontier DeFi requires more sophisticated risk underwriting than traditional quantitative models can provide. With limited historical data, predictive models often fail to capture the operational, governance, and execution risks inherent in emerging protocols. While quantitative analysis tells you what risk is being taken, qualitative research reveals whether teams will continue managing that risk appropriately over time. #### **Clearstar’s Approach** Clearstar Labs addresses this gap through: **60% qualitative / 40% quantitative risk assessment** focusing on team competence, operational procedures, and governance **Active management and monitoring** with automated rebalancing and real-time threat detection **Rigorous due diligence processes** aligned with institutional standards (backed by a Swiss regulated asset manager) **Transparent risk communication** helping improve how the entire space presents yield opportunities to users #### **Opportunity** By integrating Clearstar’s vaults, Summer Protocol can offer users: Access to professionally managed, actively monitored yield strategies Clear, honest risk labeling that goes beyond superficial scoring Diversified exposure to quality DeFi primitives vetted through institutional-grade processes Enhanced safety through Clearstar’s Hypernative integration and automated risk controls #### **3. Proposal:** #### **Vaults to be Integrated** We propose adding Clearstar’s curated Morpho vaults across three chains: **Ethereum Mainnet** Clearstar USDC Reactor as low/moderate risk. [https://app.morpho.org/ethereum/vault/0x62fE596d59fB077c2Df736dF212E0AFfb522dC78/clearstar-usdc-reactor](https://app.morpho.org/ethereum/vault/0x62fE596d59fB077c2Df736dF212E0AFfb522dC78/clearstar-usdc-reactor) Clearstar High Yield USDC as high risk. [https://app.morpho.org/ethereum/vault/0x9B5E92fd227876b4C07a8c02367E2CB23c639DfA/clearstar-high-yield-usdc](https://app.morpho.org/ethereum/vault/0x9B5E92fd227876b4C07a8c02367E2CB23c639DfA/clearstar-high-yield-usdc) Clearstar Institutional USDC as low risk. [https://app.morpho.org/ethereum/vault/0x8F40e713a1Cfeff2A052E0c610C8118Be3f75b12/clearstar-institutional-usdc](https://app.morpho.org/ethereum/vault/0x8F40e713a1Cfeff2A052E0c610C8118Be3f75b12/clearstar-institutional-usdc) Clearstar Reactor ETH as low/moderate risk. [https://app.morpho.org/ethereum/vault/0xa3fC33543bEee52bC60bAbC80aF3d29789637B6D/clearstar-reactor-eth](https://app.morpho.org/ethereum/vault/0xa3fC33543bEee52bC60bAbC80aF3d29789637B6D/clearstar-reactor-eth) **Base** High Yield Clearstar USDC as high risk. [https://app.morpho.org/base/vault/0xE74c499fA461AF1844fCa84204490877787cED56/high-yield-clearstar-usdc](https://app.morpho.org/base/vault/0xE74c499fA461AF1844fCa84204490877787cED56/high-yield-clearstar-usdc) Clearstar USDC Reactor as low/moderate risk. [https://app.morpho.org/base/vault/0x1D3b1Cd0a0f242d598834b3F2d126dC6bd774657/clearstar-usdc-reactor](https://app.morpho.org/base/vault/0x1D3b1Cd0a0f242d598834b3F2d126dC6bd774657/clearstar-usdc-reactor) Clearstar ETH Reactor as low/moderate risk. [https://app.morpho.org/base/vault/0x09832347586E238841F49149C84d121Bc2191C53/clearstar-eth-reactor](https://app.morpho.org/base/vault/0x09832347586E238841F49149C84d121Bc2191C53/clearstar-eth-reactor) Clearstar Boring USDC as low risk. [https://app.morpho.org/base/vault/0x43e623Ff7D14d5b105F7bE9c488F36dbF11D1F46/clearstar-boring-usdc](https://app.morpho.org/base/vault/0x43e623Ff7D14d5b105F7bE9c488F36dbF11D1F46/clearstar-boring-usdc) **Arbitrum** Clearstar USDC Reactor as low/moderate risk. [https://app.morpho.org/arbitrum/vault/0xa53Cf822FE93002aEaE16d395CD823Ece161a6AC/clearstar-usdc-reactor](https://app.morpho.org/arbitrum/vault/0xa53Cf822FE93002aEaE16d395CD823Ece161a6AC/clearstar-usdc-reactor) Clearstar High Yield USDC as high risk. [https://app.morpho.org/arbitrum/vault/0x64CA76e2525fc6Ab2179300c15e343d73e42f958/clearstar-high-yield-usdc](https://app.morpho.org/arbitrum/vault/0x64CA76e2525fc6Ab2179300c15e343d73e42f958/clearstar-high-yield-usdc) These vaults would be categorized appropriately within Summer’s existing low-risk and high-risk vault structure based on their underlying asset composition and strategy parameters. #### **Clearstar’s Risk Management Framework** #### **Asset Due Diligence Process** Assets listed in Clearstar’s Reactor vaults must meet strict criteria: **1. Issuer Quality & Operational Assessment** Initial calls with teams to understand operational setup, portfolio construction, and systematic risk management Same DD standards applied by the Swiss regulated asset manager that backs Clearstar. **2. Technical Review** Qualitative understanding of protocol mechanics and design Quantitative systematic review of smart contract infrastructure Oracle setup assessment and validation Collaboration with asset issuers to create properly configured markets when needed **3. Market Configuration** All assets must be liquid, redeemable or otherwise must have a designated liquidator on standby to ensure smooth liquidations Custom oracle implementations reviewed before deployment #### **Active Monitoring & Risk Mitigation** **Real-Time Position Monitoring** Custom Morpho helper bot connected to Morpho’s API Tracks positions approaching liquidation thresholds Monitors secondary effects from listed assets’ underlying backing **Automated Risk Response** Full Hypernative coverage on all Morpho vaults Tracks all listed collaterals for suspicious activity Automatic procedures to wind down liquidity and set supply caps to 0 upon threat detection Designed to mitigate losses through rapid response rather than passive observation **Vault Management** Curated by Clearstar Labs using Fordefi MPCs (attestation available upon request) Automated allocator bot rebalances approximately hourly Optimizes for APY within defined risk constraints including: Asset volatility limits Maximum concentration per market Utilization rate thresholds Borrower concentration limits Several other metrics #### **External Dependencies & Verification** **Price Feed Underlying Operation Awareness** Examples: Keepers maintained for all Midas tokens (mf-ONE, mHYPE) Keepers for yUSD (mainnet) and yoUSD (Base) Direct contact with all teams whose tokens are listed Required proof of price reporting and update mechanisms **Off-Chain Component Verification** For assets with off-chain components (yield sources, price data, NAV calculations): Direct communication with teams to assess operational processes and opsec Verification of who controls off-chain keepers and price feeds Review of NAV calculation processes and admin relationships Proof of Reserves via Chainlink or periodic attestations when available Ongoing monitoring of update mechanisms #### **Emergency Controls** Primary emergency mechanism: Hypernative integration that automatically derisk the vault upon detection of suspicious activity for any listed collateral. #### **4. Open Questions:** **Categorization Framework** : What specific criteria should determine whether a Clearstar vault is classified as “low-risk” vs “high-risk” within Summer’s existing structure? Should we create additional risk tiers? **Risk Label Display** : How should we present Clearstar’s qualitative risk assessments to Summer users? What level of detail is appropriate for the UI vs. detailed documentation? **Monitoring & Reporting** : What ongoing reporting does the Summer community expect regarding vault performance, rebalancing activity, and risk events? **Emergency Procedures** : Should there be additional coordination procedures between Clearstar’s automated risk response and Summer’s own emergency controls? **User Communication** : How can we best educate Summer users about the difference between qualitative-focused risk management and traditional quantitative scoring? #### **5. Next Steps:** **Gather community feedback** on this proposal and address open questions **Iterate based on discussion** , refining categorization, risk labeling, and integration specifications **Promote to SIP** with formal specification including: Specific vaults to be listed with complete risk profiles as listed above Ongoing governance and monitoring procedures Success metrics and evaluation criteria ---
**Author:** ![samehueasyou](https://avatars.discourse-cdn.com/v4/letter/s/c5a1d2/32.png) [@samehueasyou](https://forum.summer.fi/u/samehueasyou)\ **Post date:** [November 6, 2025, 4:57am UTC](https://forum.summer.fi/t/rfc-include-clearstar-curated-vaults-as-new-sources-of-yield-for-the-current-vault-products/453/2 "2025-11-06T04:57:39Z")
thank you for the comprehensive RFC @Lunaman I am in full alignment with this RFC as it echos many of the yield sources that i mention in my post [More growth please](https://forum.summer.fi/t/more-growth-please/436) I will be including these yield sources in my SIP that i will publishing in a few minutes, and will hopefully go to vote next week…maybe even later today? @jensei Also tagging [@Recognized\_Delegates](https://forum.summer.fi/groups/recognized_delegates) for comment and @BlockAnalitica but more likely y’all will comment on the sip ---
**Author:** ![jensei](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.summer.fi/jensei/32/69_2.png) [@jensei](https://forum.summer.fi/u/jensei)\ **Post date:** [November 6, 2025, 2:28pm UTC](https://forum.summer.fi/t/rfc-include-clearstar-curated-vaults-as-new-sources-of-yield-for-the-current-vault-products/453/3 "2025-11-06T14:28:03Z")
Thanks for the detailed RFC @Lunaman and for bringing Clearstar’s approach to the table! I’m supportive of exploring Clearstar as a yield source, especially in the light of @samehueasyou latest post! At the same time I am looking forward to see @BlockAnalitica review around risk classification. > [@samehueasyou](#): > > I will be including these yield sources in my SIP that i will publishing in a few minutes, and will hopefully go to vote next week…maybe even later today? @jensei In terms of the vote, I would suggest focusing on the next gov. cycle - `12.11.2025` - of course, considering all the deployment and scripts will be production ready!