Katana Stable Yield

Thesis

Earn stablecoin interest by moving vbUSDC into the highest base-yield vault among nine Katana options.

Strategy

• Choose yield: Every five minutes, compare nine vbUSDC vaults from Morpho, Yearn and Spectra using annual yields excluding reward tokens. • Rotate: When another vault leads, withdraw to vbUSDC and deposit into the leader on the next run after settlement. • Size: Deposit all allocated vbUSDC into one leading vault and keep it there until another leads.

Exposure

• Holds: vbUSDC vault shares — Holds one leading Katana vault, with vbUSDC between moves. • Venue: Katana — Uses Morpho, Yearn and Spectra vaults; provide Katana ETH for gas. • Leverage: None — Deposits vbUSDC without borrowing. • Costs: Gas and vault fees — Pays Katana transaction costs and each vault's embedded fees. • Data: Circuit — Compares base yields across nine listed vbUSDC vaults. • On unwind: vbUSDC — Closing vault positions returns the underlying Katana stablecoin.