[RFC] USDC Mainnet Yield Source Update

Context / goal

Onboard additional ARKs to the USDC vault fleet on Ethereum Mainnet to diversify yield sources, stay aligned with rotating leaders, and reinforce automated access to curated, high-quality yield.


Proposed ARKs

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

Risk: Low/Moderate (requested)

Links

App: https://app.morpho.org/ethereum/vault/0x62fE596d59fB077c2Df736dF212E0AFfb522dC78/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/ethereum/vault/0x9B5E92fd227876b4C07a8c02367E2CB23c639DfA/clearstar-high-yield-usdc
Contract: —
Vaults fyi: —

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

Risk: Low (requested)

Links

App: https://app.morpho.org/ethereum/vault/0x8F40e713a1Cfeff2A052E0c610C8118Be3f75b12/clearstar-institutional-usdc
Contract: —
Vaults fyi: —

  1. Ark/Yield source: Midas – Re7 Yield

Risk: Pending BA

Links

App: —
Contract: Address: 0x87c9053c...a80afb0cf | Etherscan
Vaults fyi: Midas Re7 Yield | vaults.fyi

  1. Ark/Yield source: Midas Hyperithm

Risk: Pending BA

Links

App: —
Contract: Address: 0x9b552852...3c21191B9 | Etherscan
Vaults fyi: Midas Hyperithm | vaults.fyi

  1. Ark/Yield source: Midas Farm

Risk: Pending BA

Links

App: —
Contract: Address: 0xA19f6e0d...31fF5ECA6 | Etherscan
Vaults fyi: Midas Farm Capital | vaults.fyi

  1. Ark/Yield source: Upshift Gamma USDC

Risk: Pending BA

Links

App: https://app.upshift.finance/pools/1/0x998D7b14c123c1982404562b68edDB057b0477cB
Contract: Address: 0x998D7b14...57b0477cB | Etherscan
Vaults fyi: https://app.vaults.fyi/opportunity/mainnet/0x998D7b14c123c1982404562b68edDB057b0477cB

  1. Ark/Yield source: Midas Apollo Crypto

Risk: Pending BA

Links

App: —
Contract: Address: 0x7CF9DEC9...4Bc116C05 | Etherscan
Vaults fyi: Midas Apollo Crypto | vaults.fyi

  1. Ark/Yield source: Midas mEDGE

Risk: Pending BA

Links

App: —
Contract: — (not provided in SIP)
Vaults fyi: Midas mEDGE | vaults.fyi

  1. Ark/Yield source: Midas MEV

Risk: Pending BA

Links

App: —
Contract: Address: 0x030b6928...8026A0BF3 | Etherscan
Vaults fyi: Midas MEV | vaults.fyi

  1. Ark/Yield source: Euler Frontier mAPOLLO (USDC)

Risk: Pending BA

Links

App: Frontier mAPOLLO USDC | Euler Finance | Euler Finance
Contract: Address: 0x2a356443...82d8246AD | Etherscan
Vaults fyi: Frontier mAPOLLO USDC | vaults.fyi

  1. Ark/Yield source: Morpho Alpha USDC Core

Risk: Pending BA

Links

App: https://app.morpho.org/ethereum/vault/0xb0f05E4De970A1aaf77f8C2F823953a367504BA9/alpha-usdc-core
Contract: Morpho: Public Allocator | Address: 0xfd32fA2c...6CE91c75D | Etherscan
Vaults fyi: Alpha USDC Core | vaults.fyi

  1. Ark/Yield source: Upshift USDC

Risk: Pending BA

Links

App: https://app.upshift.finance/pools/1/0x80E1048eDE66ec4c364b4F22C8768fc657FF6A42
Contract: Upshift: upUSDC Token | Address: 0x80E1048e...657FF6A42 | Etherscan
Vaults fyi: Upshift USDC | vaults.fyi

  1. Ark/Yield source: Upshift USDC Core

Risk: Pending BA

Links

App: https://app.upshift.finance/pools/1/0xE9B725010A9E419412ed67d0fA5f3A5f40159D32
Contract: Upshift: coreUSDC Token | Address: 0xE9B72501...f40159D32 | Etherscan
Vaults fyi: Upshift Core USDC | vaults.fyi

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

Risk: Pending BA

Links

App: https://app.morpho.org/ethereum/vault/0x69A238Ae7ebeb3c53ff3B544E48B96a2142fc284/clearstar-usdc-core
Contract: Address: 0x30988479...41a733458 | Etherscan
Vaults fyi: https://app.vaults.fyi/opportunity/mainnet/0x30988479C2E6a03E7fB65138b94762D41a733458


Informal Support Indicator

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

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

@Recognized_Delegates @jensei @BlockAnalitica

1 Like

This RFC proposes a very large batch of ARKs for USDC Mainnet, which makes review more challenging; especially given the pending @BlockAnalitica risk assessments. I’d like to see more clarity on Clearstar (all variants), Midas Hyperithm, and Upshift before moving forward.

That said, I’m generally supportive of onboarding Morpho Alpha USDC Core, Euler Frontier mAPOLLO (USDC), Midas MEV, and Midas Apollo Crypto as they bring meaningful diversification and active yield strategies to the Higher-Risk vault.