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Superlend

@superlend

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We're bringing a simpler way to put your USDC to use onchain. Introducing SuperFund — a stablecoin savings account on @base designed for efficiency. Here's how it works ↓
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5/5 Expect your personal APY to start low and ramp up over 7 days. After that, you’ll be aligned with the vault’s rate at which you can now start enjoying fully compounding returns.
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4/5 This is how we recommend users to think about the APY > Main APY: What USDC SuperFund has earned on average over time. > Personal APY: What you’re earning based on your own deposit time. > Projected APY: A forward-looking estimate based on current strategy allocations.
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3/5 So how does the USDC SuperFund APY work? SuperFund uses a “yield smearing” mechanism, a feature borrowed from the Euler Earn protocol. Here’s what that means: When yield is earned by the vault, it isn’t paid out all at once. Instead, it's gradually distributed over a period of time (typically 7 days). This creates a smooth, stable return curve and protects against sudden rate spikes or dips.
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2/5 APY (Annual Percentage Yield) shows how much you could earn over a year, with compounding included. So when you see a vault offering 10% APY, that doesn’t mean you’ll earn 10% divided by 365 each day. Instead, it reflects the long-term, compounded growth you’d earn if you stayed in the vault over time.
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1/5 TL;DR > APY is annualized and compounding, not daily. > Early earnings are lower due to a 7-day yield smearing ramp-up. > This protects stability and ensures fairness. > You’ll see your personal APY rise and match the USDC SuperFund’s APY after a few days.
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Understanding APY on USDC SuperFund If you’ve deposited USDC into SuperFund and discovered that after a few days, the yield isn’t adding up according to your calculations. Here is a walkthrough thread of how interest/APY is accrued in simple terms.
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Breakdown of a typical interest yield on USD > Traditional banks: ~0.01% to 0.05% APY > American Express (High-Yield Savings): ~3.6% APY > Low risk DeFi Protocols: ~4%-7% APY > SuperFund (low risk): ~10.7% APY [currently]
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https://x.com/cantinaxyz/status/1923827550943654012
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Note: The additional rewards (boosted USDC yield) is only applicable for users who deposit before the TVL reaches a 200,000 USDC cap. Earlier deposits = Additional rewards locked in No better place to get the best risk adjusted returns on your capital.
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USDC deposited on SuperFund currently earns 11% APY for users including a 4% additional pure USDC boost and 2X Superlend Points as incentives. Other rewards accrued includes: $rEUL, $MORPHO and $WELL tokens(all claimable on a weekly basis)
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3/ SuperFund has been peer-reviewed and audited, with an ongoing bug bounty on @cantinaxyz → docs.superlend.xyz/superlend-vaults/superfunds
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2/ At Superlend, we’re focused on building accessible, transparent onchain financial tools. > Automated rebalancing - every hour. > No manual action required by users. > Flexible deposits and withdrawals - no lockups.
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1/ SuperFund uses smart allocation and automated rebalancing to route funds across major lending protocols on Base. - Rebalanced across Aave, @euler, Morpho and Fluid - Supports USDC - Powered by Euler Earn → https://funds.superlend.xyz/super-fund/base
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Now tracking @euler on @base
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Total Market Size on @etherlink at $35M 📈
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Risk dashboard for our markets on @etherlink is now live and publicly available, offering real-time insights and full transparency. Built in collaboration with Chainrisk → community.chainrisk.xyz/superlend
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Top 5 performing stablecoin yields this week. ↓ 1️⃣ $USDT on Superlend Market on @etherlink 2️⃣ $USDe on Morpho curated by @apostro 3️⃣ $USDC on Morpho curated by @re7 4️⃣ $USDC on Morpho curated by Alphaping 5️⃣ $USDT on @euler (Euler Yield)
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Compound's @morpho-powered vaults on Polygon POS, now live on Superlend! This integration allows users to supply and withdraw from the vaults all within the interface.
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$20M Total Market Size on @etherlink 📈
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