USDC Frontier
Morpho · Curated by Gauntlet · Mainnet
Frequently Asked Questions
What is the current APY for USDC Frontier?
The current spot APY for USDC Frontier on Morpho (Mainnet) is 3.60%. The 30-day average APY is 7.17%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDC Frontier?
The total value locked (TVL) in USDC Frontier is $9.5M. TVL measures the total USDC assets currently deposited in this vault.
Does the USDC Frontier 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 Frontier?
USDC Frontier 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 |
|---|---|---|---|---|
| Hub Capital USDC vault | Lagoon | Ethereum | 104.04% | $1.0M |
| High Yield USDC | Morpho | Mainnet | 103.36% | $1.8M |
| V2 - ID:20 | Silo | Sonic | 71.06% | $8.3K |
| Resolv USDC | Euler | Mainnet | 33.98% | $2.3K |
| Apostro | Euler | BNB | 28.33% | $1.0K |
| Euler Arbitrum Yield | Euler | Arbitrum | 21.93% | $1.4K |
| wsrUSD (Leveraged Looping) | IPOR Fusion | Mainnet | 16.59% | $4.1M |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| TAU Reservoir Pointsmax | IPOR Fusion | Ethereum | 14.04% | $589.4K |
| Coinshift Conservative USPC | Lagoon | Ethereum | 11.19% | $340.1K |
More Morpho Strategies
USDC Frontier
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Yield Overview
USDC Frontier is a USDC yield strategy on Morpho, curated by Gauntlet. It currently generates 3.60% APY (24h) with a 30-day average of 7.17%. The vault holds $9.5M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #84 out of 160 strategies. Its 3.60% yield is 40.1% lower than the market average of 6.02%.
How USDC Frontier Compares
USDC Frontier currently ranks #84 among 160 monitored USDC strategies. However, with a TVL of $9.5M, it holds significantly less capital than higher-TVL alternatives like Lend ($31.0M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 40.2% 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 57 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 105 strategies on Morpho.
USDC on Mainnet#28 of 57
Yield Sustainability
Yield has deviated meaningfully from its 30-day baseline, with a 49.7% gap between the current rate and the historical mean.
Yield Trajectory
USDC Frontier recorded a 24h APY of 3.60% 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 1.0%. The strongest 7-day period was Mar 21–Mar 27 averaging 10.98%, while the weakest was Mar 07–Mar 13 at 3.68%. Current 24h APY of 3.60% is 49.8% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 10.87%.
Weekly Breakdown
Historical APY Statistics
Over the past 120 days, USDC Frontier's yield has shown a upward trend, with yields expanding from 5.78% to 6.31%, a 9.1% increase. The sustainability score of 40/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 120 days, USDC Frontier's total value locked has experienced a contraction, declining from $96.1M to $86.3M, a 10.2% reduction.
History
FAQ
Yield & Performance
USDC Frontier on Morpho offers a 24-hour APY of 3.60%, a 30-day average of 7.17% on USDC. Yields are variable and update daily based on protocol activity.
USDC Frontier ranks #84 out of 160 monitored USDC strategies. Its current yield of 3.60% is 40.1% below the market average of 6.02%.
Earnbase rates the yield sustainability of USDC Frontier at 40/100, classified as "Low Stability". Yield has deviated meaningfully from its 30-day baseline, with a 49.7% gap between the current rate and the historical mean.
Over the past 120 days, USDC Frontier has shown an upward yield trajectory. The average APY moved from 5.78% to 6.31%.
USDC Frontier has a yield volatility rating of "High" (standard deviation: 3.01pp over 120 days). The APY has ranged from 3.15% to 22.42% in the tracked period, with an average of 5.59%.
Liquidity & TVL
USDC Frontier currently has a total value locked (TVL) of $9.5M in USDC deposits.
USDC Frontier holds $9.5M in USDC deposits. Across all 160 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $9.5M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Frontier ranks #17 of 57 USDC strategies on Mainnet. It currently holds $9.5M.
USDC Frontier's TVL is currently declining. Over the past 120 days, TVL moved from $96.1M to $86.3M, a -10.2% change. The 30-day high was $198.2M and the 30-day low was $9.6M.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. 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 Frontier had 5 days of inflows and 24 days of outflows. The largest single-day inflow was +$8.5M (Mar 14, 2026) and the largest outflow was -$74.0M (Mar 24, 2026). Net 30-day TVL change: -92.2%.
Strategy & Access
USDC Frontier operates on the Mainnet network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Gauntlet.
To deposit into USDC Frontier, you need USDC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDC Frontier ranks among 57 monitored USDC strategies on Mainnet. Its yield of 3.60% is 40.2% below the Mainnet average of 6.02%.
USDC Frontier 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 Frontier 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 3.60% 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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