Cap Ecosystem USDC
Morpho · Curated by Gauntlet · Ethereum
Frequently Asked Questions
What is the current APY for Cap Ecosystem USDC?
The current spot APY for Cap Ecosystem USDC on Morpho (Ethereum) is 3.28%. The 30-day average APY is 3.92%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Cap Ecosystem USDC?
The total value locked (TVL) in Cap Ecosystem USDC is $102.2K. TVL measures the total USDC assets currently deposited in this vault.
Does the Cap Ecosystem USDC 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.
Who curates Cap Ecosystem USDC?
Cap Ecosystem USDC is curated by Gauntlet. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by Gauntlet on the Gauntlet curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| High Yield USDC | Morpho | Mainnet | 108.58% | $1.8M |
| Hub Capital USDC vault | Lagoon | Ethereum | 104.04% | $1.0M |
| V2 - ID:20 | Silo | Sonic | 72.48% | $8.5K |
| Resolv USDC | Euler | Mainnet | 33.98% | $2.3K |
| Apostro | Euler | BNB | 28.33% | $1.0K |
| Euler Arbitrum Yield | Euler | Arbitrum | 21.93% | $1.4K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| wsrUSD (Leveraged Looping) | IPOR Fusion | Mainnet | 14.73% | $4.1M |
| TAU Reservoir Pointsmax | IPOR Fusion | Ethereum | 14.07% | $589.4K |
| Coinshift Conservative USPC | Lagoon | Ethereum | 11.19% | $340.1K |
More Morpho Strategies
Cap Ecosystem USDC
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
Cap Ecosystem USDC is a USDC yield strategy on Morpho, curated by Gauntlet. It currently generates 3.28% APY (24h) with a 30-day average of 3.92%. The vault holds $102.2K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Ethereum
Market Benchmarking
Within the USDC ecosystem, this product ranks #88 out of 160 strategies. Its 3.28% yield is 45.3% lower than the market average of 5.99%.
How Cap Ecosystem USDC Compares
Cap Ecosystem USDC currently ranks #88 among 160 monitored USDC strategies. However, with a TVL of $102.2K, it holds significantly less capital than higher-TVL alternatives like Core Pool ($16.4M).
Ecosystem Context
Positioned within the Ethereum ecosystem, this product's yield is 72.3% lower than the network average for USDC strategies. This strategy is curated by Gauntlet, with 37 Gauntlet strategies tracked on Earnbase across 5 networks. Within Morpho, it competes against 63 other USDC strategies. By TVL, this product ranks #17 of 17 USDC strategies on Ethereum.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 105 strategies on Morpho.
USDC on Ethereum#12 of 17
Yield Sustainability
Current yield of 3.28% shows a 16.3% variance from the 30-day average, well within normal operating bands.
Yield Trajectory
Cap Ecosystem USDC recorded a 24h APY of 3.28% in the most recent data point. Over the past 30 days, the product delivered positive yields on 27 out of 30 days. Week-over-week, yields have declined by 56.2%. The strongest 7-day period was Mar 21–Mar 27 averaging 5.75%, while the weakest was Mar 28–Apr 03 at 2.52%. Current 24h APY of 3.28% is 20.3% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 2.52%.
Weekly Breakdown
Historical APY Statistics
Over the past 118 days, Cap Ecosystem USDC's yield has shown a downward trend, with yields compressing from 5.63% to 4.20%, a 25.3% decline. The sustainability score of 80/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 121 days, Cap Ecosystem USDC's total value locked has experienced a growth phase, growing from $130.4K to $206.9K, a 58.7% increase.
History
FAQ
Yield & Performance
Cap Ecosystem USDC on Morpho offers a 24-hour APY of 3.28%, a 30-day average of 3.92% on USDC. Yields are variable and update daily based on protocol activity.
Cap Ecosystem USDC ranks #88 out of 160 monitored USDC strategies. Its current yield of 3.28% is 45.3% below the market average of 5.99%.
Earnbase rates the yield sustainability of Cap Ecosystem USDC at 80/100, classified as "Stable". Current yield of 3.28% shows a 16.3% variance from the 30-day average, well within normal operating bands.
Over the past 118 days, Cap Ecosystem USDC has shown a downward yield trajectory. The average APY moved from 5.63% to 4.20%.
Cap Ecosystem USDC has a yield volatility rating of "Moderate" (standard deviation: 1.58pp over 118 days). The APY has ranged from 2.81% to 13.32% in the tracked period, with an average of 4.73%.
Liquidity & TVL
Cap Ecosystem USDC currently has a total value locked (TVL) of $102.2K in USDC deposits.
Cap Ecosystem USDC holds $102.2K in USDC deposits. Across all 160 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $102.2K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Cap Ecosystem USDC ranks #17 of 17 USDC strategies on Ethereum. It currently holds $102.2K.
Cap Ecosystem USDC's TVL is currently on an upward trajectory. Over the past 121 days, TVL moved from $130.4K to $206.9K, a +58.7% change. The 30-day high was $3.9M and the 30-day low was $101.6K.
Yields are declining as more capital enters the vault, a common dynamic where increased deposits dilute per-depositor 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, Cap Ecosystem USDC had 21 days of inflows and 7 days of outflows. The largest single-day inflow was +$3.5M (Mar 24, 2026) and the largest outflow was -$3.8M (Mar 25, 2026). Net 30-day TVL change: +0.4%.
Strategy & Access
Cap Ecosystem USDC operates on the Ethereum network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Gauntlet.
To deposit into Cap Ecosystem USDC, you need USDC tokens on the Ethereum network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Cap Ecosystem USDC ranks among 17 monitored USDC strategies on Ethereum. Its yield of 3.28% is 72.3% below the Ethereum average of 11.82%.
Cap Ecosystem USDC 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 Cap Ecosystem USDC operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Ethereum network.
For illustrative purposes only. Based on the current 3.28% 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.
Deposit Asset