USDC savings on Base
Grow toward something.
Name a goal, save in USDC, and watch it fill. Your savings earn yield in one Morpho vault you can inspect any time, and you can withdraw whenever you like.
Goals
Every goal is a mountain.
Each dot is a little of what you've saved. Set a target and a weekly auto-save, and watch how far the climb is.
- You reach it
- Weeks
- Yield along the way
- $101
At today's 4.24% net rate, which changes daily.
Where your money is
One vault. Every loan in plain sight.
Your savings sit in Grove x Steakhouse USDC, curated by Steakhouse on Morpho. It lends USDC only to borrowers who put up more Bitcoin or Ether than they borrow.
Each dot is half a percent of the vault, about $1.8M. Hollow dots are cash waiting to be lent.
Everyday withdrawals are instant. A very large one may wait for borrowers to repay.
- Changes to the vault
- vale fee
- Changes to the fee
- Withdraw
What we will never lend against
- Synthetic or yield-bearing dollars
- Unlisted or thinly traded tokens
- Anything priced by a fixed oracle
Fixed rates
Lock a rate when you want certainty.
Pick an end date and your rate holds until then, even if rates fall. Need it sooner? End the lock early and see exactly what you get back first.
- Lock $1,000.00, get back on Nov 27
- $1,004.25
- Fixed interest
- vale fee, 10% of the interest
- Flexible today, for comparison
Right now a lock pays a little less than flexible, about 3.69% after the fee. It's there for when you want to know the number in advance.
Points
Good habits grow.
Points reward saving well, not just saving big. Every point you already earned on vale carries over.
- 0+ points
- 1,000+ points
- 10,000+ points
- 50,000+ points
- 250,000+ points
Questions
Where does the yield come from?
Borrowers pay interest to borrow USDC against Bitcoin and Ether worth more than their loan. Your savings are lent to them through a curated Morpho vault.
Can I withdraw any time?
Yes, from your flexible balance. Locked money comes back on its end date, or you can end a lock early at the price shown before you confirm.
What does vale charge?
10% of the yield you earn, never your deposit. The flexible rate you see is already after the fee, and fee changes come with 24 hours’ notice.
Who holds my money?
You do. Your savings are vault shares in your own wallet. vale never takes custody and cannot move your funds.
What are the risks?
Smart contract risk, and the chance that collateral falls faster than it can be sold. When most of the vault is lent out, very large withdrawals can wait for repayments.