[SIP2.13] - Adding new Term finance ark to USDC Higher Risk Strategy

Governance Summer Improvement Proposals
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Summary This SIP proposes the integration of the new “(Term) Summer.fi USDC Vault” into the Lazy Summer Higher Risk USDC Vault on Ethereum Mainnet. This new vault will generate yield through active fixed-rate, fixed-term USDC loans on Term Finance and by depositing idle liquidity into Summer.fi Lazy Summer Lower Risk USDC Vaults.

Motivation To enhance yield generation for the Lazy Summer Higher Risk USDC Vault by incorporating a new, actively managed term lending strategy. This aligns Summer.fi and Term Finance interests, aiming to grow deposits and provide users with competitive yields.

Specification

Parameter Value
Vault Name (New Ark) (Term) Summer.fi USDC Vault
Target Protocol Vault Lazy Summer Higher Risk USDC Vault
Network Ethereum Mainnet
Primary Asset USDC
Yield Components Fixed-rate Term Finance loans + Summer.fi Lower Risk USDC Vault yield + Incentives
Projected APR ~8.5% (based on current Summer.fi USDC Lower Risk Yield)
Contract Address 0xA9ca4909700505585B1aD2a1579dA3b670FFA9c4
Integration Type Add as a yield source/ARK to Lazy Summer Higher Risk USDC Vault

Voting A formal governance vote will be initiated to authorize this integration.

2 Likes
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Really excited to see this integration move forward.

The projected ~8.5% APR is compelling. As with SIP2.12, this kind of modular, composable architecture is exactly the kind of evolution that keeps Lazy Summer Protocol strategies competitive while still being transparent and manageable.

Looking forward to the risk analysis and seeing this go live.

–jensei