BestUSDC yield Vault
ERC-4626 USDC yield optimizer on Base chain, maximizing returns across ExtraFi, Aave, Seamless, and Moonwell. Efficiently handles deposits, withdrawals, rebalancing, and reward tokens.
Demo
About
This project is a user-friendly vault that operates on the Base chain, designed to help users maximize their USDC earnings. The vault can hold up to 5 million USDC and works with multiple lending protocols to find the best interest rates. ***Deposit & Withdrawal Process:*** - **Deposits:** Users deposit USDC into the vault and receive shares representing their portion of the vault's earnings. - **Withdrawals:** To withdraw, users redeem their shares, and the vault calculates and transfers the equivalent USDC back to them while burning the redeemed shares. ***Rebalancing Strategy*** - Rebalancer rebalances its funds every 6 hours. - It evaluates which pool provides the highest yield and considers the associated rewards. - The rebalancer checks the utilization rate of the target pool to ensure a positive impact before moving assets. - The vault requires a minimum yield difference of 0.5% between pools to justify rebalancing. ***Rewards Management*** **Earning Rewards** - The vault collects reward tokens from lending protocols. **Swapping and Reinvestment** - Reward tokens are swapped into USDC. - The converted USDC is reinvested into the highest-yielding protocol to further boost returns. ***Security and Standards*** - The vault adheres to the ERC-4626 standard for safe and compatible handling of yield-bearing tokens. ***Ideal For*** - This vault is perfect for users who prefer not to engage in active management of their investments. - It caters to those who want to enjoy the best yields on USDC without taking on any risk or dealing with the complexities of manual yield optimization. ***Current Yield Overview*** As of August 2nd, 2024, the interest rates for various lending protocols are: - Extrafi USDC Pool: 14.79% (+0.21%) Extrafi Stable USDC Pool: 10.12% (+5.15%) - Aave: 4.87% - Seamless: 5.80% (+7.20%) - Moonwell: 6.0% (+OP) Based on this data, the vault's Annual Percentage Yield (API) is approximately 15%.
How it's made
We built this project using the ERC-4626 tokenized vault standard, which ensures secure and efficient handling of yield-bearing tokens. The vault is deployed on the @Base chain, offering fast and cost-effective transactions. To maximize accessibility, we plan to list the vault on @Superform. This integration allows users to interact with the vault from any blockchain and with any token, enhancing user convenience and expanding our reach.