Note I am aware that bundling multiple ARKs is frowned upon, but I believe this an exception, given that V1 versions of most of these ARKs already exist. However, I am wiling to provide further prioritization in the coments, starting with the top 1-3 ARKs
Summary
Onboarding High Priority Morpho v2 vaults. These vaults are curated by top-tier risk managers (Gauntlet, Steakhouse, KPK, API3, Avantgarde, etc.) and primarily lend against high-liquidity assets like WETH and WBTC. They are the foundational layer of the v2 migration.
Motivation
These vaults provide the safest, most scalable yield opportunities in the v2 ecosystem. They are essential for anchoring the Lazy Summer Protocol’s base yield with minimal additional risk exposure.
kpk is supportive of this proposal and the inclusion of kpk‑curated Morpho v2 vaults as new yield sources for SummerFi.
The introduction of v2 incentives makes this deployment particularly attractive. MORPHO rewards accrue on top of existing yields, improving net returns for users without altering the underlying strategy.
Risk-wise, the v2 vaults deploy 100% of funds into the corresponding v1 vault. As a result, the risk profile remains unchanged, with identical exposure to the same isolated lending markets and collateral configurations already in use.
Overall, this proposal enhances yield while preserving the existing risk framework.
Lazy Summer Protocol already has Morpho ARKs onboarded across fleets, so this proposal does not introduce a new protocol exposure category. The proposed set is a like for like expansion within an existing risk set: supplying via Morpho Vaults V2, which allocate underlying liquidity either directly into Morpho V1 markets and, where configured, into Morpho V1 vaults, with positions and allocations directly verifiable onchain.
Most importantly, onboarding these vaults does not constitute adding additional collateral exposure. The collateral composition and core risk drivers remain unchanged relative to the current ARK set, since we are not introducing new collateral types or new structural mechanics (no new leverage loops, no cross chain routing, no withdrawal queues).
In addition to the above, Morpho v2 vaults are one of the most audited pieces of code in the industry, with the note that v2 vaults are not affected by donation edge-case of faulty oracles when supplying to markets v1 (read more here).
Given this, the set fulfills the base criteria for whitelisting and can be evaluated and parameterized under the existing risk framework used for current ARKs.
Conclusion
Block Analitica considers the proposed Morpho v2 ARKs to not increase collateral exposure versus the currently onboarded ARK universe and to meet baseline whitelisting criteria. Therefore, we recommend moving the proposal forward to SIP.