Lending Market
Benqi · Avalanche
Frequently Asked Questions
What is the current APY for Lending Market?
The current spot APY for Lending Market on Benqi (Avalanche) is 3.65%. The 30-day average APY is 3.70%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Lending Market?
The total value locked (TVL) in Lending Market is $4.8M. TVL measures the total USDC assets currently deposited in this vault.
Does the Lending Market 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 Lending Market deployed on?
Lending Market is deployed on Avalanche. 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 Avalanche directly.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| wsrUSD (Leveraged Looping) | IPOR Fusion | Mainnet | 17.23% | $960.3K |
| mHYPER Looping | IPOR Fusion | Ethereum | 15.43% | $122.2K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| USDC Vault | 40 Acres | Base | 14.67% | $7.4M |
| TAU Reservoir Pointsmax | IPOR Fusion | Ethereum | 13.31% | $42.4K |
| 40 Acres Autocompounder | Harvest | Base | 13.06% | $1.9M |
| Syntropia Boosted | Lagoon | Ethereum | 12.96% | $353.3K |
| Swaap Lend | Euler | Mainnet | 10.82% | $77.1K |
| Earn - avUSDC | Avantis | Base | 10.12% | $30.1M |
| USDC | Lagoon | Mainnet | 9.09% | $9.0M |
Lending Market
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
Lending Market is a USDC yield strategy on Benqi (Avalanche). It currently generates 3.65% APY (24h) with a 30-day average of 3.70%. The vault holds $4.8M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Benqi · Avalanche
Market Benchmarking
Within the USDC ecosystem, this product ranks #85 out of 154 strategies. Its 3.65% yield is 16.4% lower than the market average of 4.37%.
How Lending Market Compares
Lending Market currently ranks #85 among 154 monitored USDC strategies. However, with a TVL of $4.8M, it holds significantly less capital than higher-TVL alternatives like USDC Vaults ($21.9M).
Ecosystem Context
Positioned within the Avalanche ecosystem, this product's yield is 28.8% higher than the network average for USDC strategies. By TVL, this product ranks #2 of 8 USDC strategies on Avalanche.
About Benqi
Benqi is a DeFi protocol offering yield strategies tracked by Earnbase. Earnbase tracks 1 strategy on Benqi.
USDC on Avalanche#3 of 8
Yield Sustainability
The 24h APY of 3.65% is nearly identical to the 30-day mean, with only a 1.3% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
Lending Market recorded a 24h APY of 3.65% 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 4.1%. The strongest 7-day period was Jun 05–Jun 11 averaging 5.15%, while the weakest was Jun 26–Jul 02 at 3.70%. Current 24h APY of 3.65% is 10.5% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 3.70%.
Weekly Breakdown
Historical APY Statistics
Over the past 205 days, Lending Market's yield has shown a upward trend, with yields expanding from 4.46% to 6.40%, a 43.5% increase. The sustainability score of 98/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 205 days, Lending Market's total value locked has experienced a contraction, declining from $6.9M to $3.3M, a 52.1% reduction.
History
FAQ
Yield & Performance
Lending Market on Benqi offers a 24-hour APY of 3.65%, a 30-day average of 3.70% on USDC. Yields are variable and update daily based on protocol activity.
Lending Market ranks #85 out of 154 monitored USDC strategies. Its current yield of 3.65% is 16.4% below the market average of 4.37%.
Earnbase rates the yield sustainability of Lending Market at 98/100, classified as "Very Stable". The 24h APY of 3.65% is nearly identical to the 30-day mean, with only a 1.3% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 205 days, Lending Market has shown an upward yield trajectory. The average APY moved from 4.46% to 6.40%.
Lending Market has a yield volatility rating of "High" (standard deviation: 3.42pp over 205 days). The APY has ranged from 2.63% to 30.41% in the tracked period, with an average of 5.10%.
Liquidity & TVL
Lending Market currently has a total value locked (TVL) of $4.8M in USDC deposits.
Lending Market holds $4.8M in USDC deposits. Across all 154 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $4.8M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Lending Market ranks #2 of 8 USDC strategies on Avalanche. It currently holds $4.8M.
Lending Market's TVL is currently declining. Over the past 205 days, TVL moved from $6.9M to $3.3M, a -52.1% change. The 30-day high was $11.1M and the 30-day low was $55.4K.
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, Lending Market had 15 days of inflows and 14 days of outflows. The largest single-day inflow was +$2.7M (Jun 12, 2026) and the largest outflow was -$1.9M (Jun 13, 2026). Net 30-day TVL change: +84.4%.
Strategy & Access
Lending Market operates on the Avalanche network and is managed by Benqi. It accepts USDC deposits.
To deposit into Lending Market, you need USDC tokens on the Avalanche network. Visit the Benqi platform directly to connect your wallet and make a deposit.
Lending Market ranks among 8 monitored USDC strategies on Avalanche. Its yield of 3.65% is 28.8% above the Avalanche average of 2.83%.
Lending Market is deployed on Benqi's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Benqi is the DeFi protocol infrastructure that Lending Market operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Avalanche network.
For illustrative purposes only. Based on the current 3.65% 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 Benqi before depositing.
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