This proposal adds Gauntlet USD Alpha a cross-protocol, cross-chain stable-yield strategy to the USDC Base – Lower Risk vault in Lazy Summer Protocol. The strategy programmatically routes USDC into the highest risk-adjusted stablecoin markets. Integrating it will diversify yield sources on Base and raise aggregate vault APY.
Motivation
Diversify yield
Adds a multi-protocol stable-yield source that is uncorrelated with existing Morpho, Silo and Term Finance arks.
Grow Base TVL
Cross-chain stablecoin users currently park liquidity in USDC.e Sonic and Mainnet fleets; a competitive Base vault keeps those deposits on-chain.
Specification
Parameter
Value
Vault
USDC Base – Lower Risk
Network
Base
New ARK
Gauntlet USD Alpha
Contract Address
0x000000000001CdB57E58Fa75Fe420a0f4D6640D5
Risk Tier
Lower Risk
Yield Source
Dynamic allocation across leading lending AMMs & money markets (Morpho, Seamless, Aave v3, etc.)
I’m in support of this proposal. We need new set of fresh strategies for existing fleets.
One note for depositors and governance to keep in mind:
The withdrawal queue for this ARK can be up to 12 hours, depending on underlying liquidity dynamics and Gauntlet’s internal rebalancing schedule. In my opinion this is within acceptable range for a “lower risk” product. See strategy here.
I do like gtUSDa and following it since early June. The deposit/withdraw queue is up to 12 hours but never seen it more than 2-3 hours so far. Very happy that you are adding another vault for Base.