Hey everyone,
Definikola here posting on behalf of Block Analitica and B Protocol.
Following the initial proposal of leveraging the deep risk expertise of Block Analitica and B Protocol and the Moonwell DAO to collaborate on the vaults curation on Morpho Blue protocol, we have managed to attract ~$38m of TVL in USDC and WETH vaults combined, currently being the biggest vaults by TVL on Base network (over 55% of total supply).
Today, we are proposing a new (third) vault listing on Base that would accept Circle’s EURC token, with the same setup and role assignments as those proposed for USDC and WETH vaults:
- Owner: Moonwell DAO
- Curator: Block Analitica & B.Protocol
- Allocator: Block Analitica & B.Protocol
- Guardian: Moonwell Security Council
Additional information regarding MetaMorpho vault roles can be found in the Morpho Docs.
Pending community approval, here’s a high-level overview of our potential launch plans:
- Onchain Moonwell Improvement Proposal vote to:
- Accept Moonwell DAO ownership of EURC Morpho vault.
- Set the vault roles as mentioned above.
- Accept Block Analitica as risk curators that will allocate EURC liquidity into the following markets:
- WETH/EURC, wstETH/EURC, rETH/EURC, cbETH/EURC.
- Vault integration into the Moonwell app for seamless user experience.
- Go-to-market push, in collaboration with the Morpho team, to drive awareness and bolster liquidity.
Important note: The proposed listing of the new EURC Vault does not imply a new WELL token grant for liquidity incentives. However, the Morpho DAO may allocate a portion of the existing ~50m WELL grant for the USDC and ETH Flagship Vaults to the new EURC Vault.
We believe that the new EURC vault listing would create an opportunity for EUR-based stablecoin users to earn risk-adjusted yield on Base, attracting substantial new capital and users.
We eagerly await your feedback and the opportunity to expand the asset coverage. Let us know your thoughts and questions below!