Elixir USDC
Morpho · Curated by MEV Capital · Mainnet
Frequently Asked Questions
What is the current APY for Elixir USDC?
The current spot APY for Elixir USDC on Morpho (Mainnet) is 4.90%. The 30-day average APY is 1.58%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Elixir USDC?
The total value locked (TVL) in Elixir USDC is $3.2K. TVL measures the total USDC assets currently deposited in this vault.
Does the Elixir 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 Elixir USDC?
Elixir USDC is curated by MEV Capital. 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 MEV Capital on the MEV Capital 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
Elixir USDC
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Yield Overview
Elixir USDC is a USDC yield strategy on Morpho, curated by MEV Capital. It currently generates 4.90% APY (24h) with a 30-day average of 1.58%. The vault holds $3.2K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by MEV Capital · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #56 out of 153 strategies. Its 4.90% yield is 7.5% higher than the market average of 4.56%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How Elixir USDC Compares
Elixir USDC currently ranks #56 among 153 monitored USDC strategies. However, with a TVL of $3.2K, it holds significantly less capital than higher-TVL alternatives like Earn ($3.18B).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 25.1% higher than the network average for USDC strategies. This strategy is curated by MEV Capital, with 2 MEV Capital strategies tracked on Earnbase across 2 networks. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #50 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 61 strategies on Morpho.
USDC on Mainnet#16 of 52
Yield Sustainability
An extreme 211.1% 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
Elixir USDC has been on a 29-day flat streak, with APY rising from 4.90% to 4.90% 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 0.0%. Current 24h APY of 4.90% is 0.0% above the product's own 30-day average.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, Elixir USDC's yield has shown a upward trend, with yields expanding from 0.00% to 4.90%, a 631024.7% increase. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 165 days, Elixir USDC's total value locked has experienced a contraction, declining from $24.5K to $3.2K, a 87.1% reduction.
History
FAQ
Yield & Performance
Elixir USDC on Morpho offers a 24-hour APY of 4.90%, a 30-day average of 1.58% on USDC. Yields are variable and update daily based on protocol activity.
Elixir USDC ranks #56 out of 153 monitored USDC strategies. Its current yield of 4.90% is 7.5% above the market average of 4.56%.
Earnbase rates the yield sustainability of Elixir USDC at 10/100, classified as "Very Low Stability". An extreme 211.1% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 165 days, Elixir USDC has shown an upward yield trajectory. The average APY moved from 0.00% to 4.90%.
Elixir USDC has a yield volatility rating of "High" (standard deviation: 2.32pp over 165 days). The APY has ranged from 0.00% to 4.90% in the tracked period, with an average of 2.51%.
Liquidity & TVL
Elixir USDC currently has a total value locked (TVL) of $3.2K in USDC deposits.
Elixir USDC holds $3.2K in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $3.2K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Elixir USDC ranks #50 of 52 USDC strategies on Mainnet. It currently holds $3.2K.
Elixir USDC's TVL is currently declining. Over the past 165 days, TVL moved from $24.5K to $3.2K, a -87.1% change. The 30-day high was $62.6K and the 30-day low was $3.2K.
Yield and TVL have remained relatively stable over the past 30 days. 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, Elixir USDC had 0 days of inflows and 0 days of outflows. The largest single-day inflow was +$0 (Apr 21, 2026) and the largest outflow was -$0 (Apr 21, 2026). Net 30-day TVL change: +0.0%.
Strategy & Access
Elixir USDC operates on the Mainnet network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by MEV Capital.
To deposit into Elixir USDC, you need USDC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Elixir USDC ranks among 52 monitored USDC strategies on Mainnet. Its yield of 4.90% is 25.1% above the Mainnet average of 3.92%.
Elixir 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 Elixir USDC 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 4.90% 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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