What changed

The vault recorded about $4,554 of net inflow over one day. That is about 25.4% of current TVL and about 34.1% of the implied prior-day TVL of roughly $13.36K. A Portals snapshot published on 2026-09-04 showed the same vault at about $9.67K TVL, making the current reading roughly 85% higher, while the displayed APY remains unchanged at 10.00%.

Why it matters

The vault remains small in absolute terms, but accelerating inflows without a higher displayed rate may be an early signal of changing demand for tokenized-stock carry strategies on Base. Portals currently attributes the entire displayed yield to reward APY rather than base APY, so the 10% headline rate should not be read as the underlying stock dividend yield or a stable lending rate.

Evidence

Limitations

Portals is an aggregation frontend, and TVL or APY may differ across providers because of update timing and methodology. Current TVL is only about $17.9K, so a small number of deposits or withdrawals can create large percentage moves. One-day inflows may not persist. This observation does not independently establish the budget, duration, capacity or realized return of the 10% reward APY. The tokenized stock also carries issuer, custody, redemption and jurisdictional eligibility constraints.

Disclosure

This is a public-market observation and does not constitute investment advice.