Dialectic Launches SpaceX Tokenized Stock Yield Vault on Base

On November 4, 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 infrastructure from Makina and utilizes the Aave lending market.

According to the strategy previously disclosed by Dialectic, after users deposit tokenized SpaceX shares, the vault uses them as collateral to borrow USDC, which is then deployed into approved on-chain yield opportunities. Returns are distributed to depositors after deducting borrowing costs. This strategy entails collateral liquidation risk, and borrowing costs may also exceed yields.