Frequently Asked Questions
What is the current APY for Degen USDC?
The current spot APY for Degen USDC on Morpho (Arbitrum) is 1.95%. The 30-day average APY is 4.34%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Degen USDC?
The total value locked (TVL) in Degen USDC is $52.2K. TVL measures the total USDC assets currently deposited in this vault.
Does the Degen 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 Degen USDC?
Degen USDC is curated by Yearn. 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 Yearn on the Yearn curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Syntropia Boosted | Lagoon | Ethereum | 16.05% | $345.2K |
| 722Capital USDC | Lagoon | Base | 15.52% | $1.2M |
| Bitcoin Dollar USDC | IPOR Fusion | Ethereum | 15.49% | $312.7K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| mHYPER Looping | IPOR Fusion | Ethereum | 14.56% | $124.0K |
| USDC Vault | 40 Acres | Base | 13.74% | $8.1M |
| Coinshift Conservative USPC | Lagoon | Ethereum | 13.33% | $193.5K |
| 40 Acres Autocompounder | Harvest | Base | 12.25% | $2.0M |
| Hub Capital USDC vault | Lagoon | Ethereum | 12.16% | $993.0K |
| Earn - avUSDC | Avantis | Base | 11.97% | $45.3M |
More Morpho Strategies
Degen USDC
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Yield Overview
Degen USDC is a USDC yield strategy on Morpho, curated by Yearn. It currently generates 1.95% APY (24h) with a 30-day average of 4.34%. The vault holds $52.2K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Yearn · Arbitrum
Market Benchmarking
Within the USDC ecosystem, this product ranks #128 out of 155 strategies. Its 1.95% yield is 59.0% lower than the market average of 4.76%.
How Degen USDC Compares
Degen USDC currently ranks #128 among 155 monitored USDC strategies. However, with a TVL of $52.2K, it holds significantly less capital than higher-TVL alternatives like Core Pool ($24.4M).
Ecosystem Context
Positioned within the Arbitrum ecosystem, this product's yield is 40.6% lower than the network average for USDC strategies. This strategy is curated by Yearn, with 4 Yearn strategies tracked on Earnbase across 3 networks. Within Morpho, it competes against 61 other USDC strategies. By TVL, this product ranks #18 of 20 USDC strategies on Arbitrum.
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 Arbitrum#18 of 20
Yield Sustainability
An extreme 55.1% deviation from the historical average suggests the current yield level is unlikely to persist. This pattern is often driven by temporary incentive programs, one-off events, or rapid capital reallocation.
Yield Trajectory
Degen USDC recorded a 24h APY of 1.95% 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 27.9%. The strongest 7-day period was Apr 21–Apr 27 averaging 4.68%, while the weakest was May 05–May 11 at 3.52%. Current 24h APY of 1.95% is 53.6% below the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 4.51% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, Degen USDC's yield has shown a downward trend, with yields compressing from 5.90% to 4.43%, a 25.0% decline. The sustainability score of 28/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 165 days, Degen USDC's total value locked has experienced a contraction, declining from $3.1M to $483.3K, a 84.2% reduction.
History
FAQ
Yield & Performance
Degen USDC on Morpho offers a 24-hour APY of 1.95%, a 30-day average of 4.34% on USDC. Yields are variable and update daily based on protocol activity.
Degen USDC ranks #128 out of 155 monitored USDC strategies. Its current yield of 1.95% is 59.0% below the market average of 4.76%.
Earnbase rates the yield sustainability of Degen USDC at 28/100, classified as "Very Low Stability". An extreme 55.1% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 165 days, Degen USDC has shown a downward yield trajectory. The average APY moved from 5.90% to 4.43%.
Degen USDC has a yield volatility rating of "Moderate" (standard deviation: 1.96pp over 165 days). The APY has ranged from 1.98% to 15.14% in the tracked period, with an average of 5.03%.
Liquidity & TVL
Degen USDC currently has a total value locked (TVL) of $52.2K in USDC deposits.
Degen USDC holds $52.2K in USDC deposits. Across all 155 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $52.2K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Degen USDC ranks #18 of 20 USDC strategies on Arbitrum. It currently holds $52.2K.
Degen USDC's TVL is currently declining. Over the past 165 days, TVL moved from $3.1M to $483.3K, a -84.2% change. The 30-day high was $4.6M and the 30-day low was $52.1K.
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, Degen USDC had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$30 (May 15, 2026) and the largest outflow was -$472.4K (Apr 22, 2026). Net 30-day TVL change: -94.2%.
Strategy & Access
Degen USDC operates on the Arbitrum network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Yearn.
To deposit into Degen USDC, you need USDC tokens on the Arbitrum network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Degen USDC ranks among 20 monitored USDC strategies on Arbitrum. Its yield of 1.95% is 40.6% below the Arbitrum average of 3.28%.
Degen 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 Degen USDC operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Arbitrum network.
For illustrative purposes only. Based on the current 1.95% 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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