USDC Apex
Morpho · Curated by hyperithm · Ethereum
Frequently Asked Questions
What is the current APY for USDC Apex?
The current spot APY for USDC Apex on Morpho (Ethereum) is 5.65%. The 30-day average APY is 5.90%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDC Apex?
The total value locked (TVL) in USDC Apex is $3.4M. TVL measures the total USDC assets currently deposited in this vault.
Does the USDC Apex 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 USDC Apex?
USDC Apex is curated by hyperithm. 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 hyperithm on the hyperithm curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Syntropia Boosted | Lagoon | Ethereum | 16.05% | $345.2K |
| Bitcoin Dollar USDC | IPOR Fusion | Ethereum | 15.62% | $312.8K |
| 722Capital USDC | Lagoon | Base | 15.52% | $1.2M |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| USDC Vault | 40 Acres | Base | 13.74% | $8.1M |
| mHYPER Looping | IPOR Fusion | Ethereum | 13.70% | $124.0K |
| Coinshift Conservative USPC | Lagoon | Ethereum | 13.33% | $193.5K |
| Arcadia V2 Pool | Arcadia | Base | 13.28% | $314.4K |
| 40 Acres Autocompounder | Harvest | Base | 12.25% | $2.0M |
| Earn - avUSDC | Avantis | Base | 11.98% | $45.3M |
More Morpho Strategies
USDC Apex
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Yield Overview
USDC Apex is a USDC yield strategy on Morpho, curated by hyperithm. It currently generates 5.65% APY (24h) with a 30-day average of 5.90%. The vault holds $3.4M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by hyperithm · Ethereum
Market Benchmarking
Within the USDC ecosystem, this product ranks #41 out of 153 strategies. Its 5.65% yield is 24.0% higher than the market average of 4.56%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How USDC Apex Compares
Ecosystem Context
Positioned within the Ethereum ecosystem, this product's yield is 20.3% lower than the network average for USDC strategies. This strategy is curated by hyperithm, with 2 hyperithm strategies tracked on Earnbase. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #3 of 19 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 61 strategies on Morpho.
USDC on Ethereum#12 of 19
Yield Sustainability
The 24h APY of 5.65% is nearly identical to the 30-day mean, with only a 4.2% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
USDC Apex recorded a 24h APY of 5.65% 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 declined by 4.0%. The strongest 7-day period was Apr 21–Apr 27 averaging 10.30%, while the weakest was May 12–May 18 at 5.31%. Current 24h APY of 5.65% is 13.7% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 5.31%.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, USDC Apex's yield has shown a stable trend, with yields expanding from 6.63% to 6.35%, a 4.2% increase. The sustainability score of 95/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 165 days, USDC Apex's total value locked has experienced a contraction, declining from $25.3M to $11.0M, a 56.3% reduction.
History
FAQ
Yield & Performance
USDC Apex on Morpho offers a 24-hour APY of 5.65%, a 30-day average of 5.90% on USDC. Yields are variable and update daily based on protocol activity.
USDC Apex ranks #41 out of 153 monitored USDC strategies. Its current yield of 5.65% is 24.0% above the market average of 4.56%.
Earnbase rates the yield sustainability of USDC Apex at 95/100, classified as "Very Stable". The 24h APY of 5.65% is nearly identical to the 30-day mean, with only a 4.2% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 165 days, USDC Apex has shown a stable yield trajectory. The average APY moved from 6.63% to 6.35%.
USDC Apex has a yield volatility rating of "High" (standard deviation: 2.11pp over 165 days). The APY has ranged from 2.94% to 23.34% in the tracked period, with an average of 6.28%.
Liquidity & TVL
USDC Apex currently has a total value locked (TVL) of $3.4M in USDC deposits.
USDC Apex holds $3.4M in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $3.4M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Apex ranks #3 of 19 USDC strategies on Ethereum. It currently holds $3.4M.
USDC Apex's TVL is currently declining. Over the past 165 days, TVL moved from $25.3M to $11.0M, a -56.3% change. The 30-day high was $47.4M and the 30-day low was $3.4M.
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, USDC Apex had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$2.3M (Apr 25, 2026) and the largest outflow was -$9.1M (Apr 30, 2026). Net 30-day TVL change: -60.9%.
Strategy & Access
USDC Apex operates on the Ethereum network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by hyperithm.
To deposit into USDC Apex, you need USDC tokens on the Ethereum network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDC Apex ranks among 19 monitored USDC strategies on Ethereum. Its yield of 5.65% is 20.3% below the Ethereum average of 7.09%.
USDC Apex 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 USDC Apex 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 5.65% 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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