Lend
Spark · Mainnet
Frequently Asked Questions
What is the current APY for Lend?
The current spot APY for Lend on Spark (Mainnet) is 8.36%. The 30-day average APY is 4.21%. 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 $1.3M. 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 Spark Strategies
Lend
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Yield Overview
Lend is a USDC yield strategy on Spark (Mainnet). It currently generates 8.36% APY (24h) with a 30-day average of 4.21%. The vault holds $1.3M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Spark · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #22 out of 155 strategies. Its 8.36% yield is 75.7% higher than the market average of 4.76%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How Lend Compares
Lend currently ranks #22 among 155 monitored USDC strategies. However, with a TVL of $1.3M, it holds significantly less capital than higher-TVL alternatives like USDC Vault ($2.3M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 96.6% higher than the network average for USDC strategies. By TVL, this product ranks #29 of 52 USDC strategies on Mainnet.
About Spark
Spark is a DeFi protocol offering yield strategies tracked by Earnbase. Earnbase tracks 1 strategy on Spark.
USDC on Mainnet#5 of 52
Yield Sustainability
An extreme 98.9% 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
Lend recorded a 24h APY of 8.36% 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 0.0%. The strongest 7-day period was Apr 21–Apr 27 averaging 4.09%, while the weakest was May 12–May 18 at 4.04%. Current 24h APY of 8.36% is 105.6% above the product's own 30-day average.
Weekly yields have declined for 3 consecutive weeks. The most recent 7-day average stands at 4.04%.
Weekly Breakdown
Historical APY Statistics
Over the past 164 days, Lend's yield has shown a upward trend, with yields expanding from 3.84% to 4.09%, a 6.6% increase. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 164 days, Lend's total value locked has experienced a contraction, declining from $8.1M to $2.7M, a 66.9% reduction.
History
FAQ
Yield & Performance
Lend on Spark offers a 24-hour APY of 8.36%, a 30-day average of 4.21% on USDC. Yields are variable and update daily based on protocol activity.
Lend ranks #22 out of 155 monitored USDC strategies. Its current yield of 8.36% is 75.7% above the market average of 4.76%.
Earnbase rates the yield sustainability of Lend at 10/100, classified as "Very Low Stability". An extreme 98.9% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 164 days, Lend has shown an upward yield trajectory. The average APY moved from 3.84% to 4.09%.
Lend has a yield volatility rating of "Moderate" (standard deviation: 0.56pp over 164 days). The APY has ranged from 1.90% to 4.49% in the tracked period, with an average of 3.81%.
Liquidity & TVL
Lend currently has a total value locked (TVL) of $1.3M in USDC deposits.
Lend holds $1.3M in USDC deposits. Across all 155 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $1.3M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Lend ranks #29 of 52 USDC strategies on Mainnet. It currently holds $1.3M.
Lend's TVL is currently declining. Over the past 164 days, TVL moved from $8.1M to $2.7M, a -66.9% change. The 30-day high was $20.3M and the 30-day low was $1.8M.
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, Lend had 19 days of inflows and 10 days of outflows. The largest single-day inflow was +$468.4K (Apr 22, 2026) and the largest outflow was -$1.9M (May 20, 2026). Net 30-day TVL change: -27.1%.
Strategy & Access
Lend operates on the Mainnet network and is managed by Spark. It accepts USDC deposits.
To deposit into Lend, you need USDC tokens on the Mainnet network. Visit the Spark platform directly to connect your wallet and make a deposit.
Lend ranks among 52 monitored USDC strategies on Mainnet. Its yield of 8.36% is 96.6% above the Mainnet average of 4.25%.
Lend is deployed on Spark's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Spark 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 8.36% 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 Spark before depositing.
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