Market
Moonwell · Base
Frequently Asked Questions
What is the current APY for Market?
The current spot APY for Market on Moonwell (Base) is 3.83%. The 30-day average APY is 5.77%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Market?
The total value locked (TVL) in Market is $2.7M. TVL measures the total USDC assets currently deposited in this vault.
Does the 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 Market deployed on?
Market is deployed on Base. 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 Base 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 |
More Moonwell Strategies
Market
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
Market is a USDC yield strategy on Moonwell (Base). It currently generates 3.83% APY (24h) with a 30-day average of 5.77%. The vault holds $2.7M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Moonwell · Base
Market Benchmarking
Within the USDC ecosystem, this product ranks #78 out of 154 strategies. Its 3.83% yield is 12.4% lower than the market average of 4.37%.
How Market Compares
Market currently ranks #78 among 154 monitored USDC strategies. However, with a TVL of $2.7M, it holds significantly less capital than higher-TVL alternatives like SwissBorg USDC ($10.3M).
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 15.6% lower than the network average for USDC strategies. By TVL, this product ranks #15 of 44 USDC strategies on Base.
About Moonwell
Moonwell is a lending and borrowing protocol primarily deployed on Base and Moonbeam. Earnbase tracks 1 strategy on Moonwell.
USDC on Base#28 of 44
Yield Sustainability
Yield is 33.7% below the monthly average.
Yield Trajectory
Market recorded a 24h APY of 3.83% 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 increased by 78.1%. The strongest 7-day period was Jun 26–Jul 02 averaging 9.51%, while the weakest was Jun 12–Jun 18 at 5.18%. Current 24h APY of 3.83% is 45.4% below the product's own 30-day average.
Weekly yields have improved for 2 consecutive weeks, with the most recent 7-day average of 9.51% representing a sustained weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 206 days, Market's yield has shown a upward trend, with yields expanding from 4.15% to 5.34%, a 28.8% increase. The sustainability score of 60/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 206 days, Market's total value locked has experienced a contraction, declining from $8.3M to $1.9M, a 77.5% reduction.
History
FAQ
Yield & Performance
Market on Moonwell offers a 24-hour APY of 3.83%, a 30-day average of 5.77% on USDC. Yields are variable and update daily based on protocol activity.
Market ranks #78 out of 154 monitored USDC strategies. Its current yield of 3.83% is 12.4% below the market average of 4.37%.
Earnbase rates the yield sustainability of Market at 60/100, classified as "Moderate". Yield is 33.7% below the monthly average.
Over the past 206 days, Market has shown an upward yield trajectory. The average APY moved from 4.15% to 5.34%.
Market has a yield volatility rating of "High" (standard deviation: 2.64pp over 206 days). The APY has ranged from 1.44% to 30.01% in the tracked period, with an average of 4.10%.
Liquidity & TVL
Market currently has a total value locked (TVL) of $2.7M in USDC deposits.
Market holds $2.7M in USDC deposits. Across all 154 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $2.7M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Market ranks #15 of 44 USDC strategies on Base. It currently holds $2.7M.
Market's TVL is currently declining. Over the past 206 days, TVL moved from $8.3M to $1.9M, a -77.5% change. The 30-day high was $17.2M and the 30-day low was $1.1M.
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, Market had 17 days of inflows and 12 days of outflows. The largest single-day inflow was +$519.3K (Jun 30, 2026) and the largest outflow was -$457.2K (Jun 26, 2026). Net 30-day TVL change: +67.7%.
Strategy & Access
Market operates on the Base network and is managed by Moonwell. It accepts USDC deposits.
To deposit into Market, you need USDC tokens on the Base network. Visit the Moonwell platform directly to connect your wallet and make a deposit.
Market ranks among 44 monitored USDC strategies on Base. Its yield of 3.83% is 15.6% below the Base average of 4.53%.
Market is deployed on Moonwell's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Moonwell is the DeFi protocol infrastructure that Market operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Base network.
For illustrative purposes only. Based on the current 3.83% 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 Moonwell before depositing.
Deposit Asset