Frequently Asked Questions
What is the current APY for f(x) Protocol?
The current spot APY for f(x) Protocol on Morpho (Mainnet) is 0.00%. The 30-day average APY is 0.00%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in f(x) Protocol?
The total value locked (TVL) in f(x) Protocol is $139.1K. TVL measures the total USDC assets currently deposited in this vault.
Does the f(x) Protocol 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 f(x) Protocol?
f(x) Protocol is curated by Re7. 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 Re7 on the Re7 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 |
| 40 Acres Autocompounder | Harvest | Base | 12.24% | $2.0M |
| Earn - avUSDC | Avantis | Base | 11.98% | $45.3M |
| Gami Stake DAO USDC | Lagoon | Ethereum | 11.91% | $303.9K |
More Morpho Strategies
f(x) Protocol
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Yield Overview
f(x) Protocol is a USDC yield strategy on Morpho, curated by Re7. No yield data is available for the most recent period.
Curated by Re7 · Mainnet
Market Benchmarking
No yield data available. This product is tracked within the USDC ecosystem alongside 153 strategies.
How f(x) Protocol Compares
f(x) Protocol currently ranks #148 among 153 monitored USDC strategies. However, with a TVL of $139.1K, it holds significantly less capital than higher-TVL alternatives like Hyperithm (Private Credit) ($30.0M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 100.0% lower than the network average for USDC strategies. This strategy is curated by Re7, with 7 Re7 strategies tracked on Earnbase across 4 networks. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #38 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
Yield Sustainability
An extreme 100.0% 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
f(x) Protocol has been on a 29-day flat streak, with APY rising from 0.00% to 0.00% over this period. Over the past 30 days, the product delivered positive yields on 0 out of 30 days. Week-over-week, yields have increased by 0.0%. Current 24h APY of 0.00% is 0.0% above the product's own 30-day average.
Weekly Breakdown
Historical APY Statistics
Over the past 126 days, f(x) Protocol's yield has shown a upward trend, with yields expanding from 5.51% to 7.00%, a 26.9% increase. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 165 days, f(x) Protocol's total value locked has experienced a contraction, declining from $286.8K to $203.3K, a 29.1% reduction.
History
FAQ
Yield & Performance
f(x) Protocol on Morpho offers a 24-hour APY of 0.00%, a 30-day average of 0.00% on USDC. Yields are variable and update daily based on protocol activity.
f(x) Protocol ranks #148 out of 153 monitored USDC strategies. Its current yield of 0.00% is 100.0% below the market average of 4.51%.
Earnbase rates the yield sustainability of f(x) Protocol at 10/100, classified as "Very Low Stability". An extreme 100.0% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 126 days, f(x) Protocol has shown an upward yield trajectory. The average APY moved from 5.51% to 7.00%.
f(x) Protocol has a yield volatility rating of "High" (standard deviation: 2.57pp over 126 days). The APY has ranged from 0.61% to 19.19% in the tracked period, with an average of 6.13%.
Liquidity & TVL
f(x) Protocol currently has a total value locked (TVL) of $139.1K in USDC deposits.
f(x) Protocol holds $139.1K in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $139.1K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, f(x) Protocol ranks #38 of 52 USDC strategies on Mainnet. It currently holds $139.1K.
f(x) Protocol's TVL is currently declining. Over the past 165 days, TVL moved from $286.8K to $203.3K, a -29.1% change. The 30-day high was $553.8K and the 30-day low was $139.1K.
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, f(x) Protocol had 10 days of inflows and 18 days of outflows. The largest single-day inflow was +$47 (Apr 22, 2026) and the largest outflow was -$41.9K (May 10, 2026). Net 30-day TVL change: -25.8%.
Strategy & Access
f(x) Protocol operates on the Mainnet network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Re7.
To deposit into f(x) Protocol, you need USDC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
f(x) Protocol ranks among 52 monitored USDC strategies on Mainnet. Its yield of 0.00% is 100.0% below the Mainnet average of 3.88%.
f(x) Protocol 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 f(x) Protocol 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 0.00% 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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