Market
Moonwell · Base
Frequently Asked Questions
What is the current APY for Market?
The current spot APY for Market on Moonwell (Base) is 4.09%. The 30-day average APY is 3.88%. 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 $1.6M. 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 |
|---|---|---|---|---|
| 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 Moonwell Strategies
Market
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Yield Overview
Market is a USDC yield strategy on Moonwell (Base). It currently generates 4.09% APY (24h) with a 30-day average of 3.88%. The vault holds $1.6M 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 #75 out of 155 strategies. Its 4.09% yield is 14.0% lower than the market average of 4.76%.
How Market Compares
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 20.5% lower than the network average for USDC strategies. By TVL, this product ranks #19 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#31 of 44
Yield Sustainability
The 24h APY of 4.09% is nearly identical to the 30-day mean, with only a 5.4% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
Market recorded a 24h APY of 4.09% 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 7.5%. The strongest 7-day period was May 12–May 18 averaging 4.05%, while the weakest was Apr 21–Apr 27 at 3.49%. Current 24h APY of 4.09% is 9.6% above the product's own 30-day average.
Weekly yields have improved for 3 consecutive weeks, with the most recent 7-day average of 4.05% representing a sustained weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 167 days, Market's yield has shown a downward trend, with yields compressing from 4.39% to 3.33%, a 24.3% decline. The sustainability score of 94/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 167 days, Market's total value locked has experienced a contraction, declining from $7.8M to $3.9M, a 50.1% reduction.
History
FAQ
Yield & Performance
Market on Moonwell offers a 24-hour APY of 4.09%, a 30-day average of 3.88% on USDC. Yields are variable and update daily based on protocol activity.
Market ranks #75 out of 155 monitored USDC strategies. Its current yield of 4.09% is 14.0% below the market average of 4.76%.
Earnbase rates the yield sustainability of Market at 94/100, classified as "Very Stable". The 24h APY of 4.09% is nearly identical to the 30-day mean, with only a 5.4% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 167 days, Market has shown a downward yield trajectory. The average APY moved from 4.39% to 3.33%.
Market has a yield volatility rating of "Moderate" (standard deviation: 0.82pp over 167 days). The APY has ranged from 1.44% to 5.56% in the tracked period, with an average of 3.53%.
Liquidity & TVL
Market currently has a total value locked (TVL) of $1.6M in USDC deposits.
Market holds $1.6M in USDC deposits. Across all 155 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $1.6M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Market ranks #19 of 44 USDC strategies on Base. It currently holds $1.6M.
Market's TVL is currently declining. Over the past 167 days, TVL moved from $7.8M to $3.9M, a -50.1% change. The 30-day high was $17.2M and the 30-day low was $1.5M.
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, Market had 13 days of inflows and 15 days of outflows. The largest single-day inflow was +$2.1M (Apr 23, 2026) and the largest outflow was -$717.2K (Apr 26, 2026). Net 30-day TVL change: -8.0%.
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 4.09% is 20.5% below the Base average of 5.14%.
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 4.09% 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.
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