Summary
This SIP proposes onboarding Midas MEV (mMEV) as an underlying yield source for the USDC Mainnet -Higher Risk vault in the Lazy Summer Protocol.
mMEV is a professionally managed, delta-neutral yield strategy that allocates capital across on-chain opportunities such as liquidity provisioning, arbitrage, and liquidations while targeting market neutrality. It is managed by MEV Capital, a digital asset investment firm focused on institutional-grade DeFi yield.
Onboarding mMEV broadens the higher-risk product lineup on mainnet, giving users access to an actively managed, delta-neutral yield strategy that is distinct from traditional lending-only ARKs.
Motivation
Access to active, delta-neutral yield
Most current Lazy Summer strategies in higher risk bands focus on lending, leverage, or directional yield. mMEV introduces exposure to a professionally run, delta-neutral strategy that monetises MEV-adjacent opportunities (LP, arbitrage, liquidations) while targeting market neutrality
Diversified yield sources
Integrating mMEV adds a structurally different yield engine to the USDC Mainnet - Higher Risk vault, reducing reliance on a single class of DeFi primitives (lending / CDP) and potentially smoothing returns over time.
Specification
| Parameter | Value |
|---|---|
| Vault | USDC Mainnet - Higher Risk (proposed) |
| Network | Ethereum |
| New ARK | Midas MEV (mMEV) |
| Protocol | Midas |
| Token | mMEV |
| Risk Tier | Higher Risk (subject to BA review) |
Smart Contracts
| Component | Address |
|---|---|
| mMEV Token | 0x030b69280892c888670EDCDCD8B69Fd8026A0BF3 |
| mMEV/USD Oracle | 0x5f09Aff8B9b1f488B7d1bbaD4D89648579e55d61 |
| Issuance Vault | 0xE092737D412E0B290380F9c8548cB5A58174704f |
| Redemption Vault | 0xac14a14f578C143625Fc8F54218911e8F634184D |