Lend
Fluid · Mainnet
Frequently Asked Questions
What is the current APY for Lend?
The current spot APY for Lend on Fluid (Mainnet) is 3.88%. The 30-day average APY is 3.69%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Lend?
The total value locked (TVL) in Lend is $200.6M. TVL measures the total USDC assets currently deposited in this vault.
Does the Lend 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.
Which network is Lend deployed on?
Lend is deployed on Mainnet. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Mainnet directly.
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 Fluid Strategies
Lend
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Yield Overview
Lend is a USDC yield strategy on Fluid (Mainnet). It currently generates 3.88% APY (24h) with a 30-day average of 3.69%. The vault holds $200.6M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Fluid · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #79 out of 155 strategies. Its 3.88% yield is 18.5% lower than the market average of 4.76%.
How Lend Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 8.8% lower than the network average for USDC strategies. Within Fluid, it competes against 2 other USDC strategies. By TVL, this product ranks #2 of 52 USDC strategies on Mainnet.
About Fluid
Fluid is a lending and borrowing protocol designed for capital efficiency. Earnbase tracks 3 strategies on Fluid.
USDC on Mainnet#20 of 52
Yield Sustainability
The 24h APY of 3.88% is nearly identical to the 30-day mean, with only a 5.2% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
Lend has been on a 3-day upward streak, with APY rising from 3.60% to 3.85% 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 5.7%. The strongest 7-day period was Apr 21–Apr 27 averaging 4.84%, while the weakest was May 05–May 11 at 3.38%. Current 24h APY of 3.88% is 0.8% above the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 3.57% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 166 days, Lend's yield has shown a stable trend, with yields expanding from 3.65% to 3.52%, a 3.7% increase. The sustainability score of 94/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 166 days, Lend's total value locked has experienced a contraction, declining from $297.9M to $193.4M, a 35.1% reduction.
History
FAQ
Yield & Performance
Lend on Fluid offers a 24-hour APY of 3.88%, a 30-day average of 3.69% on USDC. Yields are variable and update daily based on protocol activity.
Lend ranks #79 out of 155 monitored USDC strategies. Its current yield of 3.88% is 18.5% below the market average of 4.76%.
Earnbase rates the yield sustainability of Lend at 94/100, classified as "Very Stable". The 24h APY of 3.88% is nearly identical to the 30-day mean, with only a 5.2% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 166 days, Lend has shown a stable yield trajectory. The average APY moved from 3.65% to 3.52%.
Lend has a yield volatility rating of "Moderate" (standard deviation: 1.05pp over 166 days). The APY has ranged from 1.83% to 10.57% in the tracked period, with an average of 3.36%.
Liquidity & TVL
Lend currently has a total value locked (TVL) of $200.6M in USDC deposits.
Lend holds $200.6M in USDC deposits. Across all 155 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $200.6M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Lend ranks #2 of 52 USDC strategies on Mainnet. It currently holds $200.6M.
Lend's TVL is currently declining. Over the past 166 days, TVL moved from $297.9M to $193.4M, a -35.1% change. The 30-day high was $378.6M and the 30-day low was $159.8M.
Yields are declining as more capital enters the vault, a common dynamic where increased deposits dilute per-depositor 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, Lend had 17 days of inflows and 12 days of outflows. The largest single-day inflow was +$21.3M (Apr 25, 2026) and the largest outflow was -$7.9M (Apr 26, 2026). Net 30-day TVL change: +21.7%.
Strategy & Access
Lend operates on the Mainnet network and is managed by Fluid. It accepts USDC deposits.
To deposit into Lend, you need USDC tokens on the Mainnet network. Visit the Fluid platform directly to connect your wallet and make a deposit.
Lend ranks among 52 monitored USDC strategies on Mainnet. Its yield of 3.88% is 8.8% below the Mainnet average of 4.25%.
Lend is deployed on Fluid's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Fluid is the DeFi protocol infrastructure that Lend 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 3.88% 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 Fluid before depositing.
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