Earn
Automatically earn yield on your funds in Fluidkey.
Fluidkey auto-earn allows you to earn yield on selected tokens as soon as they are added to your account.
Overview
To change your auto-earn settings, click the amount earned at the top right of the Funds section in your dashboard. You can choose between the following profiles:
Optimized: This is the default profile and enables high yield by automatically rebalancing funds to the best yield sources within a set of battletested protocols, powered by Summer.fi.
Disabled: This profile disables the auto-earn feature for the account.
Audits
The Fluidkey Earn module has successfully undergone a security audit by Ackee. You can find the audit report here.
Yield sources
The optimized profile uses Summer.fi's Lazy Summer Protocol to automatically rebalance funds to the best yield sources within a set of battletested protocols curated by Block Analitica. These protocols include AAVE V3, Spark, Morpho, Gearbox, Fluid, Pendle, Sky, and Compound V3. The Lazy Summer Protocol has been audited by multiple security firms. When a token is not available with Summer.fi, funds are deposited into the yield source from the core profile.
The core profile uses Morpho and Aave under the hood. Morpho and Aave are battletested lending protocols that have been thorougly audited. For Morpho, pools curated by Gauntlet have been selected for this feature. Gauntlet is a crypto firm that specializes in providing risk management and financial modeling for defi protocols.
More specifically, the following lending pools are currently being used for this feature:
As we expand this feature to more tokens and chains, the list of yield protocols and pools used will be updated in this section. We will only add protocols and pools that have been thoroughly audited and are battletested.
How it works
When auto-earn is enabled, the stealth addresses generated for your account will have the Fluidkey Earn module enabled with the abovementioned lending pools.
This allows Fluidkey to automatically move funds on behalf of your stealth addresses into these lending pools when you receive them. For security reasons, the scope of the module is extremely limited, such that Fluidkey cannot move funds anywhere else than the pools listed above. Only amounts that are above the minimum amount listed above will be automatically moved into the lending pools.
You will see the amount earned from this feature in the top right corner of the Funds section in your dashboard.
In order to spend funds that are currently earning yield, no extra action is required from you. For example, when you want to send USDC on Base, you can just send USDC from your balance as usual and funds will be automatically taken from the lending pool in the same transaction.
Yield computation and fees
All amounts displayed in your dashboard are net of fees, meaning that the amount you see is the amount you can spend. The yield percentage displayed is based on the daily APY of the lending pool.
Fluidkey takes a fee of 10% on the yield generated by this feature (e.g. if you earn 4% yield, we take a fee of 0.4%) as well as any protocol rewards. The more you earn, the more we earn alongside you.
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