SebVentures
@SebVentures
Joined June 2009
978 Following 12.6K Followers
Suprised we are doing so well.
@base is really structurally strong due to Coinbase borrow.
Lending market stablecoin supply rates have on average underperformed short-term US Treasury yields since late 2025. The one brief exception came around the rsETH exploit, when lenders pulled liquidity and utilization spiked.
Curated vaults offer a potential way to beat the onchain average. Rather than passive exposure to pooled rates, depositors hold a managed portfolio of underlying credit positions, weighted by the curator to a target risk-return profile.
The early results back this up. Over the past 90 days, 13 of the top 16 Steakhouse vaults by AUM outperformed the market-weighted supply rate net of fees, with the top vault returning over 1.5x the benchmark.
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