Dialectic launches SpaceX tokenized stock yield vault on Base

According to Dialectic, its tokenized SpaceX stock yield vault Starloop has launched on Base, open to eligible regions outside the United States. The vault is powered by Makina and utilizes the Aave lending market.

According to the strategy previously announced by Dialectic, after users deposit tokenized SpaceX stocks, the vault will use them as collateral to borrow USDC, and then allocate the funds to approved on-chain yield opportunities, with the earnings after deducting borrowing costs going to the depositors. This strategy involves collateral liquidation risks, and borrowing costs may also exceed the earnings.