my art. i had to use the new /farcaster feature — amazing!
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just added 5.48k usdc to the new /farcaster x steakhouse prime usdc vault on /morpho with 5.4% apy. to let you know how this works: yield accrues continuously, block by block. on every base block, the protocol calculates the interest generated by borrowers and updates the value of your position accordingly, so your deposited balance increases in real time. also, you can withdraw anytime.
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could i have an APY breakdown? checking the steakhouse vault on the /morpho site: Net APY: 4.28% 5.39% native apy +0.23% morpho -1.34% performance fee (25%). it's the same for /farcaster? or is it 5.4% apy on usdc? cc @v @dwr (thanks in advance).
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