📊How Mamo Earns You Money

Your money shouldn't just sit there idle. With Mamo, it quietly grows in the background, while you stay focused on what matters most. We put your USDC (in the Mamo USDC Account) and your cbBTC (in the Mamo Bitcoin Account) to work through smart, steady habits that compound over time.

When you deposit USDC or cbBTC into Mamo, it's allocated to Moonwell and Morpho, two trusted lending platforms on Base. Borrowers on these platforms pay interest to use your assets. That interest becomes your earnings — a calm, consistent way to grow your balance.

What is USDC?

USDC (USD Coin) is a stablecoin that aims to maintain a 1:1 peg with the US dollar. USDC is issued by Circle and fully backed by US dollars or US dollar equivalents, which include cash and short-dated US government obligations.

What is cbBTC?

cbBTC (Coinbase Bitcoin) is a tokenized version of Bitcoin. It's backed 1:1 by Bitcoin held in Coinbase custody and stays fully redeemable at all times. cbBTC brings your Bitcoin into the Base ecosystem, where Mamo can quietly put it to work. It's still your Bitcoin, just with more potential to grow over time.

In addition to borrower interest, you also earn additional reward tokens — WELL tokens from Moonwell and MORPHO tokens from Morpho.

More tokens might sound like more work. But with Mamo, it’s simple.

Mamo automatically converts all rewards back into your original asset — USDC or cbBTC — and reinvest them for you. No spreadsheets. No juggling different assets. No manual steps. You earn the rewards, Mamo handles the conversion, letting your balances steadily grow in the background. It's compounding for everyone, without the complexity.

Income stream	What it is	Who pays it	How Mamo handles it
Borrower interest	Variable interest rate on your USDC or cbBTC	Borrowers on the lending market	Added to your balance in real time
Reward tokens	Extra incentives (eg. WELL, MORPHO) offered by the platforms	The platforms themselves	Mamo automatically converts every reward into more USDC or cbBTC and reinvests it

How your money grows

Mamo USDC Account
Moonwell — USDC Core Market (Base)
Morpho — Moonwell USDC Flagship Vault (Base)

Mamo Bitcoin Account
Moonwell — cbBTC Core Market (Base)
Morpho — Moonwell cbBTC Frontier Vault (Base)

1. Moonwell: USDC Core Market / cbBTC Core Market

While in these markets, your assets earn:

• Borrower interest

• WELL token rewards (auto-converted by Mamo)

Moonwell is built with safety and simplicity — a natural fit for Mamo’s steady approach. The platform has undergone multiple high-quality independent audits, so you can trust that industry best practices are followed and your money is in safe hands. Learn more.

2. Morpho: Moonwell USDC Flagship Vault / Moonwell cbBTC Frontier Vault

When Mamo moves your assets into one of these vaults, it earns:

• Borrower interest

• Extra rewards in the form of WELL and MORPHO tokens (auto-converted by Mamo)

Morpho is known for its industry-leading security. It takes a multi-layered approach and has been through 27 independent audits by 12 different security firms. You can feel confident your funds are in good hands. Learn more.

Why these vaults? Sometimes, these vaults offer higher yields than the core markets. Mamo quietly moves your funds where they can earn more — no micromanaging, no market watching, no stress.

Just quiet, consistent growth — powered by trusted platforms, automated by Mamo.