Clearstar High Yield USDC
100% of this vault sits in exotic / elevated-risk collateral, yet it earns 2.85% on USDC versus 3.98% for a plain USDC vault (-112 bps). You're not being paid for the extra risk.
The Clearstar High Yield USDC vault aims to provide liquidity to volatile and frontier assets on Arbitrum. Potential higher volatility markets mean higher implied risks in exchange for high yields. This vault has automated reallocation to maximize APR within static risk parameters and also monitors active on-chain risks through the use of Hypernative to reduce exposure to collaterals that might be at risk of suffering exploits.
The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.
Weighted LLTV across markets is 91.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Primary loan or collateral asset is a stablecoin. A sustained depeg below 99 cents impacts NAV and disables liquidation routing for non-USD collateral.