[SIP2.28] Onboard Gearbox USDC curated by Tulipa Capital – Higher Risk Vault

Governance Summer Improvement Proposals [SIPs]
, , ,
1

SIP2.28: Add Gearbox USDC Pool ARK to Lazy Summer USDC Higher-Risk Vault

Tags: ark-onboarding, sip2, usdc, mainnet
Submission Date: 18 August 2025
Author: @desnakeee.eth (on behalf of Gearbox and Tulipa Capital)

Summary

Proposal to onboard the Tulipa Capital Gearbox USDC lending pool collateralized with Resolv yield-bearing assets (wstUSR, RLP and corresponding PTs) into Summer.fi’s USDC Mainnet Higher-Risk vault as a new ARK strategy.

Tulipa Capital is a DeFi-native collective specializing in delta-neutral farming, currently curating over $180M in assets.
Together with Resolv and Gearbox, Tulipa launched a market enabling borrowing against Resolv-centered collaterals (wstUSR, RLP, and PTs).

Website: tulipa.capital
DeFiLlama: Curator page

Motivation

  • Adding high-yield exposure: Resolv’s collateral assets — including wstUSR, RLP, and related PTs — have shown consistent borrowing demand across lending protocols. Comparable markets have sustained an average borrow rate of ~9%, suggesting strong utilization potential for Gearbox and a solid base for sustainable liquidity mining (LM) incentives.

  • Diversifying exposure: One Gearbox pool is present in Higher-risk vault, but this create more collateral and curator diversification.

Specifications

  • Vault: Summer.fi USDC Higher-Risk (Ethereum Mainnet)

  • New ARK: Tulipa Capital Gearbox USDC Pool

  • Supported Collaterals:

    • wstUSR, PT wstUSR

    • RLP, PT RLP

  • Asset Type: ERC‑4626 lending pool, risk-profile aligned with existing lending ARKs

  • Network: Ethereum Mainnet

Risk & Integration

  • Block Analitica review: Will define caps, cooldowns, exposure thresholds, and other parameters.

  • Protocol trust & security: Gearbox has 4+ years track-record without security incidents, audited extensively (ChainSecurity, ABDK, Decurity, MixBytes).

  • Seamless integration: Gearbox’s ERC‑4626 compatible pool fits cleanly within Lazy Summer’s architecture.

Next Steps

  1. Feedback from @Recognized_Delegates

  2. @BlockAnalitica to post final parameters

  3. Proceed to on-chain vote if no blocking issues arise

4 Likes
Lazy Summer Governance Recap [August 2025]
Strengthening the Governance Flow: from RFC to SIP to Onchain
2

Thanks @desnakeee.eth for bringing another one forward!

Overall, this looks like a thoughtful addition that balances higher yield opportunities with prudent oversight. Curious to hear what other @Recognized_Delegates think and if there are any concerns that should be flagged before moving to vote.

2 Likes
3

I am a fan of Gearbox and like this proposal!

2 Likes
4

Gm @Recognized_Delegates looking forward to hear you thoughts and send this integration live!

2 Likes
5

Hey @desnakeee.eth thanks for the thoughtful proposal. While BA has not provided an assessment for the Gearbox USDC vault (curated by Tulipa), I believe there is a high likelihood it will be flagged as ‘Low TVL’ based on previous assessments.

The collateralized assets (Resolv yield-bearing assets (wstUSR, RLP and corresponding PTs) are, however, of high quality and do show consistent demand and product market fit. I am curious to see the performance of the vault after RESOLV and GEAR incentives have ended, and hope to see this vault continue to grow and the eventual addition to SummerFi.

1 Like
6

catching up again with this proposal :slight_smile: @desnakeee.eth could you please provide the contract address and a website where we can all preview this strategy? I couldn’t find it myself.