# \[SIP2.55\] Onboard CAP Protocol to USDC Higher Risk

**URL:** <https://forum.summer.fi/t/sip2-55-onboard-cap-protocol-to-usdc-higher-risk/755>\
**Category:** Summer Improvement Proposals \[SIPs\]\
**Tags:** usdc, sip2, ark-onboarding, mainnet\
**Created:** [March 2, 2026, 4:53pm UTC](https://forum.summer.fi/t/sip2-55-onboard-cap-protocol-to-usdc-higher-risk/755 "2026-03-02T16:53:19Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![samehueasyou](https://avatars.discourse-cdn.com/v4/letter/s/c5a1d2/32.png) [@samehueasyou](https://forum.summer.fi/u/samehueasyou)\
**Post date:** [March 2, 2026, 4:53pm UTC](https://forum.summer.fi/t/sip2-55-onboard-cap-protocol-to-usdc-higher-risk/755/1 "2026-03-02T16:53:19Z")

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## 1. Overview

This proposal seeks to onboard a new ark, CAP Protocol, in the USDC Higher risk fleet within the BA-Managed vaults.

## 2. Motivation

The current higher risk fleet seeks to track the best performing yields in DeFi, whilst also providing best in class risk management. CAP protocol falls into this category

## 3. Specification

| **Asset** | **Vault Name** | **Contract Address** | **Target Protocol** | **Risk Level** |
| --- | --- | --- | --- | --- |
| **USDC** | Staked cUSD | `0x88887be419578051ff9f4eb6c858a951921d8888` | Cap Protocol | Higher Risk |

## 4. Risk Assessment

> [@\[RFC\] Onboard new yields sources and raise caps for USDC Higher Risk](https://forum.summer.fi/t/rfc-onboard-new-yields-sources-and-raise-caps-for-usdc-higher-risk/667/4):
>
> Executive Summary BA Labs proposes moving Cap protocol as a yield source to a SIP stage strictly within a Higher-Risk fleet with conservative parameters due to high counterparty and operation risk. While an innovative economic model and multiple code audits are present, BA Labs believes it’s crucial to acknowledge that this ARK would fall under the most risky collaterals currently available within SummerFi protocol considering that in practice the delegates can underwrite their own loan (delegat…

## 5. Voting

- **Voting YES** will whitelist the staked Cap USD ark for the USDC higher risk vault
- **Voting NO** will maintain the current allocations and will not onboard the new yield strategies.

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<div class="post-metadata">

**Author:** ![Sixty](https://yyz1.discourse-cdn.com/flex009/user_avatar/forum.summer.fi/sixty/32/115_2.png) [@Sixty](https://forum.summer.fi/u/Sixty)\
**Post date:** [March 5, 2026, 10:40am UTC](https://forum.summer.fi/t/sip2-55-onboard-cap-protocol-to-usdc-higher-risk/755/2 "2026-03-05T10:40:58Z")

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> [@\[SIP7.1\] Add staked Cap USD to USDC DAO Managed vault](https://forum.summer.fi/t/sip7-1-add-staked-cap-usd-to-usdc-dao-managed-vault/757/2):
>
> Hey @samehueasyou, while this could potentially be a great addition if conditions improve, I don’t currently see much value in onboarding this ARK. As you can see in the above chart, stcUSD yields have been compressing under 5% over the past year, and there is a high likelihood that this downtrend will continue. Also of note, close to 50% of the yield generated by stcUSD is also currently derived from the [Morpho - Gauntlet USDC Frontier V2 vault](https://app.morpho.org/ethereum/vault/0x9a1D6bd5b8642C41F25e0958129B85f8E1176F3e/gauntlet-usdc-frontier), w…

Given the current yield on the [BA Managed USDC Higher Risk Vault](https://summer.fi/earn/mainnet/position/0xe9cda459bed6dcfb8ac61cd8ce08e2d52370cb06), the addition of stcUSD to this ARK makes a lot more sense.