What separates IPOR Fusion from standard lending protocols is its support for leveraged strategies. vaults that borrow against their own deposits to re-enter lending positions, amplifying yield through recursive leverage. A standard lending deposit might earn 5% APY, while a leveraged looping version of the same underlying market could show 12-15% by running multiple borrow-lend cycles.

This leverage is the reason IPOR Fusion strategies frequently appear near the top of APY rankings, but it comes with liquidation risk that doesn't exist in standard lending. If borrowing costs spike or collateral values drop, leveraged positions can be partially or fully liquidated. IPOR Fusion also hosts non-leveraged lending optimizer strategies managed by curators like Reservoir, which allocate across markets without leverage.

The protocol operates on Ethereum Mainnet, Base, and Arbitrum. When evaluating IPOR Fusion yields, the critical distinction is whether a strategy uses leverage. the strategy name usually indicates this with terms like 'Leveraged Looping' or 'Looper.

' Comparing a leveraged IPOR Fusion vault against an unleveraged Morpho vault purely on APY misses the fundamental risk difference between the two approaches.

Earnbase tracks 27 strategies on IPOR Fusion across Arbitrum, Base, Ethereum, Mainnet.