USDC Market
Aave · Base
Frequently Asked Questions
What is the current APY for USDC Market?
The current spot APY for USDC Market on Aave (Base) is 0.03%. The 30-day average APY is 0.03%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDC Market?
The total value locked (TVL) in USDC Market is $154.2M. TVL measures the total CBBTC assets currently deposited in this vault.
Does the USDC Market yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Which network is USDC Market deployed on?
USDC Market is deployed on Base. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Base directly.
Compare with Other CBBTC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Frontier YO yoBTC | Euler | Base | 5.23% | $11.8K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 4.50% | $3.2K |
| Flagship cbBTC | Lagoon | Mainnet | 4.40% | $14.3M |
| LevMoonwell cbBTC | Yearn V3 | Base | 3.19% | $110.5K |
| Moon Digital AM BTC | Lagoon | Ethereum | 2.31% | $524.3K |
| cbBTC Lend Pool | Arcadia | Base | 1.82% | $196.4K |
| Arcadia cbBTC Autocompounder | Harvest | Base | 1.40% | $178.2K |
| cbBTC Autopilot | Harvest | Base | 1.25% | $156.5K |
| Core Vault | YO | Base | 1.09% | $7.1M |
| Moonwell cbBTC Autocompounder | Harvest | Base | 0.38% | $108.4K |
More Aave Strategies
USDC Market
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
USDC Market is a cbBTC yield strategy on Aave (Base). It currently generates 0.03% APY (24h) with a 30-day average of 0.03%. The vault holds $154.2M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Aave · Base
Market Benchmarking
Within the cbBTC ecosystem, this product ranks #20 out of 24 strategies. Its 0.03% yield is 97.6% lower than the market average of 1.12%.
How USDC Market Compares
USDC Market currently ranks #20 among 24 monitored cbBTC strategies. However, with a TVL of $154.2M, it holds significantly less capital than higher-TVL alternatives like USDC Market ($1.71B).
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 97.4% lower than the network average for cbBTC strategies. Within Aave, it competes against 1 other cbBTC strategy. By TVL, this product ranks #1 of 15 cbBTC strategies on Base.
About Aave
Aave is one of the largest DeFi lending protocols by total value locked, offering variable and stable rate lending pools. Earnbase tracks 19 strategies on Aave.
CBBTC on Base#15 of 15
Yield Sustainability
The 24h APY of 0.03% is nearly identical to the 30-day mean, with only a 4.0% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
USDC Market has been on a 8-day flat streak, with APY rising from 0.03% to 0.03% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have increased by 1.0%. The strongest 7-day period was Mar 14–Mar 20 averaging 0.03%, while the weakest was Mar 21–Mar 27 at 0.03%. Current 24h APY of 0.03% is 3.6% below the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 0.03% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 120 days, USDC Market's yield has shown a downward trend, with yields compressing from 0.06% to 0.03%, a 57.6% decline. The sustainability score of 95/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 120 days, USDC Market's total value locked has experienced a contraction, declining from $255.7M to $155.8M, a 39.0% reduction.
History
FAQ
Yield & Performance
USDC Market on Aave offers a 24-hour APY of 0.03%, a 30-day average of 0.03% on cbBTC. Yields are variable and update daily based on protocol activity.
USDC Market ranks #20 out of 24 monitored cbBTC strategies. Its current yield of 0.03% is 97.6% below the market average of 1.12%.
Earnbase rates the yield sustainability of USDC Market at 95/100, classified as "Very Stable". The 24h APY of 0.03% is nearly identical to the 30-day mean, with only a 4.0% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 120 days, USDC Market has shown a downward yield trajectory. The average APY moved from 0.06% to 0.03%.
USDC Market has a yield volatility rating of "Low" (standard deviation: 0.02pp over 120 days). The APY has ranged from 0.02% to 0.08% in the tracked period, with an average of 0.05%.
Liquidity & TVL
USDC Market currently has a total value locked (TVL) of $154.2M in cbBTC deposits.
USDC Market holds $154.2M in cbBTC deposits. Across all 24 tracked cbBTC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $154.2M places it within the broader spectrum of cbBTC opportunities tracked on Earnbase.
By total value locked, USDC Market ranks #1 of 15 cbBTC strategies on Base. It currently holds $154.2M.
USDC Market's TVL is currently declining. Over the past 120 days, TVL moved from $255.7M to $155.8M, a -39.0% change. The 30-day high was $320.0M and the 30-day low was $142.0M.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, USDC Market had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$6.8M (Mar 25, 2026) and the largest outflow was -$7.1M (Mar 08, 2026). Net 30-day TVL change: -2.9%.
Strategy & Access
USDC Market operates on the Base network and is managed by Aave. It accepts cbBTC deposits.
To deposit into USDC Market, you need cbBTC tokens on the Base network. Visit the Aave platform directly to connect your wallet and make a deposit.
USDC Market ranks among 15 monitored cbBTC strategies on Base. Its yield of 0.03% is 97.4% below the Base average of 1.03%.
USDC Market is deployed on Aave's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Aave is the DeFi protocol infrastructure that USDC Market operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Base network.
For illustrative purposes only. Based on the current 0.03% on-chain APY for CBBTC. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Aave before depositing.
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