[RFC] Update USDC Arbitrum Yield Sources

General Discussion Request for Comment [RFCs]
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1

Context / goal

Onboard additional ARKs to the USDC vault fleet on Arbitrum to maintain coverage of top Arbitrum stablecoin yield leaders.

Proposed ARKs

  1. Ark/Yield source: Clearstar USDC Reactor (Morpho Blue)

Risk: Low/Moderate (requested)

Links

App: https://app.morpho.org/arbitrum/vault/0xa53Cf822FE93002aEaE16d395CD823Ece161a6AC/clearstar-usdc-reactor
Contract: —
Vaults fyi: —

  1. Ark/Yield source: Clearstar High Yield USDC (Morpho Blue)

Risk: High (requested)

Links

App: https://app.morpho.org/arbitrum/vault/0x64CA76e2525fc6Ab2179300c15e343d73e42f958/clearstar-high-yield-usdc
Contract: —
Vaults fyi: —

Informal Support Indicator

Should Lazy Summer DAO proceed with drafting a SIP to onboard these markets to the Arbitrum USDC Fleet?

  • [YES] - promote to SIP
  • [NO] - needs more discussion
0 voters

@Recognized_Delegates @jensei @BlockAnalitica

2

That “ClearstarUSDC Reactor” looks very bit weird. The yield is only 0.7% APY, all in ARB tokens.

Why is it allocating 100% of the vault to an sSuperUSD/USDC market? That market is of a microcrap token (~$100k TVL, 11 holders) with literally zero borrow activity.

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The underlying token sSuperUSDC is by ‘SuperReturn’, which is allocated to various higher risk markets, such as Euler’s ‘Frontier Strata’ (not actively risk managed!), Midas RWAs, Dialectic tokenized hedge funds, Yearn Degen USDC and Hyperithm USDC Morpoh markets. Also positions on new chains like Soneium and Plume.

**How is this low risk???**