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https://onchainsummer.xyz
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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
Deposit USDC to Morpho and earn +6% APY on Base. Yield comes from borrowers + rewards in tokens. DeFi in your social feed, powered by @morpho 🦋
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lifehxc.eth pfp
lifehxc.eth
@lifehxc
I tried it for a while but the main issue for me is that there are no USDC rewards and platforms like Beefy offer the same LP with higher returns.
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kugusha 🦋 pfp
kugusha 🦋
@kugusha.eth
What do you mean no USDC rewards?
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lifehxc.eth pfp
lifehxc.eth
@lifehxc
When you deposit USDC, you earn interest every Monday on your deposit, if I understand correctly. The additional rewards come in Morpho and Seam, from what I’ve tried. I may not have explored the project enough but I would have liked to be able to stake Morpho directly to support the protocol, for example. Morpho works very well, especially with the recent update that added borrowing. A platform less user-friendly like Beefy offers a higher yield. For example, I was getting between 4 and 5% on Morpho, and I’m currently at 6.57% on Beefy.
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