ALPHA USDC Core
Morpho · Mainnet
Frequently Asked Questions
What is the current APY for ALPHA USDC Core?
The current spot APY for ALPHA USDC Core on Morpho (Mainnet) is 6.94%. The 30-day average APY is 7.05%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in ALPHA USDC Core?
The total value locked (TVL) in ALPHA USDC Core is $1.3M. TVL measures the total USDC assets currently deposited in this vault.
Does the ALPHA USDC Core 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 ALPHA USDC Core deployed on?
ALPHA USDC Core is deployed on Mainnet. 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 Mainnet directly.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| wsrUSD (Leveraged Looping) | IPOR Fusion | Mainnet | 17.23% | $960.3K |
| mHYPER Looping | IPOR Fusion | Ethereum | 15.43% | $122.2K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| USDC Vault | 40 Acres | Base | 14.67% | $7.4M |
| TAU Reservoir Pointsmax | IPOR Fusion | Ethereum | 13.31% | $42.4K |
| 40 Acres Autocompounder | Harvest | Base | 13.06% | $1.9M |
| Syntropia Boosted | Lagoon | Ethereum | 12.96% | $353.3K |
| Swaap Lend | Euler | Mainnet | 10.82% | $77.1K |
| Earn - avUSDC | Avantis | Base | 10.12% | $30.1M |
| USDC | Lagoon | Mainnet | 9.09% | $9.0M |
More Morpho Strategies
ALPHA USDC Core
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Yield Overview
ALPHA USDC Core is a USDC yield strategy on Morpho (Mainnet). It currently generates 6.94% APY (24h) with a 30-day average of 7.05%. The vault holds $1.3M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Morpho · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #26 out of 154 strategies. Its 6.94% yield is 59.0% higher than the market average of 4.37%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How ALPHA USDC Core Compares
ALPHA USDC Core currently ranks #26 among 154 monitored USDC strategies. However, with a TVL of $1.3M, it holds significantly less capital than higher-TVL alternatives like USDC Yield V2 ($5.9M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 53.3% higher than the network average for USDC strategies. Within Morpho, it competes against 61 other USDC strategies. By TVL, this product ranks #28 of 52 USDC strategies on Mainnet.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 62 strategies on Morpho.
USDC on Mainnet#9 of 52
Yield Sustainability
The 24h APY of 6.94% is nearly identical to the 30-day mean, with only a 1.6% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
ALPHA USDC Core recorded a 24h APY of 6.94% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have increased by 35.1%. The strongest 7-day period was Jun 26–Jul 02 averaging 7.97%, while the weakest was Jun 12–Jun 18 at 5.68%. Current 24h APY of 6.94% is 5.9% above the product's own 30-day average.
Weekly yields have improved for 2 consecutive weeks, with the most recent 7-day average of 7.97% representing a sustained weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 204 days, ALPHA USDC Core's yield has shown a stable trend, with yields expanding from 7.30% to 7.22%, a 1.0% increase. The sustainability score of 98/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 204 days, ALPHA USDC Core's total value locked has experienced a contraction, declining from $23.1M to $4.6M, a 80.3% reduction.
History
FAQ
Yield & Performance
ALPHA USDC Core on Morpho offers a 24-hour APY of 6.94%, a 30-day average of 7.05% on USDC. Yields are variable and update daily based on protocol activity.
ALPHA USDC Core ranks #26 out of 154 monitored USDC strategies. Its current yield of 6.94% is 59.0% above the market average of 4.37%.
Earnbase rates the yield sustainability of ALPHA USDC Core at 98/100, classified as "Very Stable". The 24h APY of 6.94% is nearly identical to the 30-day mean, with only a 1.6% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 204 days, ALPHA USDC Core has shown a stable yield trajectory. The average APY moved from 7.30% to 7.22%.
ALPHA USDC Core has a yield volatility rating of "High" (standard deviation: 3.44pp over 204 days). The APY has ranged from 4.66% to 35.68% in the tracked period, with an average of 7.28%.
Liquidity & TVL
ALPHA USDC Core currently has a total value locked (TVL) of $1.3M in USDC deposits.
ALPHA USDC Core holds $1.3M in USDC deposits. Across all 154 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $1.3M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, ALPHA USDC Core ranks #28 of 52 USDC strategies on Mainnet. It currently holds $1.3M.
ALPHA USDC Core's TVL is currently declining. Over the past 204 days, TVL moved from $23.1M to $4.6M, a -80.3% change. The 30-day high was $32.5M and the 30-day low was $1.2M.
Both yield and TVL are declining, and depositors may be exiting in response to falling returns. 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, ALPHA USDC Core had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$319.6K (Jul 01, 2026) and the largest outflow was -$492.1K (Jun 26, 2026). Net 30-day TVL change: -36.8%.
Strategy & Access
ALPHA USDC Core operates on the Mainnet network and is managed by Morpho. It accepts USDC deposits.
To deposit into ALPHA USDC Core, you need USDC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
ALPHA USDC Core ranks among 52 monitored USDC strategies on Mainnet. Its yield of 6.94% is 53.3% above the Mainnet average of 4.53%.
ALPHA USDC Core is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that ALPHA USDC Core operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 6.94% on-chain APY for USDC. 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 Morpho before depositing.
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