Moonwell Flagship
Morpho · Curated by B. Protocol · Base
Frequently Asked Questions
What is the current APY for Moonwell Flagship?
The current spot APY for Moonwell Flagship on Morpho (Base) is 4.90%. 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 Moonwell Flagship?
The total value locked (TVL) in Moonwell Flagship is $10.2M. TVL measures the total USDC assets currently deposited in this vault.
Does the Moonwell Flagship 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.
Who curates Moonwell Flagship?
Moonwell Flagship is curated by B. Protocol. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by B. Protocol on the B. Protocol curator page on Earnbase.
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 Morpho Strategies
Moonwell Flagship
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Yield Overview
Moonwell Flagship is a USDC yield strategy on Morpho, curated by B. Protocol. It currently generates 4.90% APY (24h) with a 30-day average of 4.21%. The vault holds $10.2M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by B. Protocol · Base
Market Benchmarking
Within the USDC ecosystem, this product ranks #58 out of 155 strategies. Its 4.90% yield is 0.14pp above the market average of 4.76%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How Moonwell Flagship Compares
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 4.7% lower than the network average for USDC strategies. This strategy is curated by B. Protocol, with 1 B. Protocol strategies tracked on Earnbase. Within Morpho, it competes against 61 other USDC strategies. By TVL, this product ranks #9 of 44 USDC strategies on Base.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 62 strategies on Morpho.
USDC on Base#21 of 44
Yield Sustainability
Current yield of 4.90% shows a 16.5% variance from the 30-day average, well within normal operating bands.
Yield Trajectory
Moonwell Flagship has been on a 4-day upward streak, with APY rising from 4.48% to 4.93% 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 11.7%. The strongest 7-day period was Apr 21–Apr 27 averaging 4.65%, while the weakest was May 05–May 11 at 4.05%. Current 24h APY of 4.90% is 12.6% above the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 4.52% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, Moonwell Flagship's yield has shown a downward trend, with yields compressing from 5.04% to 4.23%, a 16.2% decline. The sustainability score of 80/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 165 days, Moonwell Flagship's total value locked has experienced a contraction, declining from $29.6M to $10.5M, a 64.7% reduction.
History
FAQ
Yield & Performance
Moonwell Flagship on Morpho offers a 24-hour APY of 4.90%, a 30-day average of 4.21% on USDC. Yields are variable and update daily based on protocol activity.
Moonwell Flagship ranks #58 out of 155 monitored USDC strategies. Its current yield of 4.90% is 3.0% above the market average of 4.76%.
Earnbase rates the yield sustainability of Moonwell Flagship at 80/100, classified as "Stable". Current yield of 4.90% shows a 16.5% variance from the 30-day average, well within normal operating bands.
Over the past 165 days, Moonwell Flagship has shown a downward yield trajectory. The average APY moved from 5.04% to 4.23%.
Moonwell Flagship has a yield volatility rating of "Moderate" (standard deviation: 0.71pp over 165 days). The APY has ranged from 3.30% to 6.63% in the tracked period, with an average of 4.37%.
Liquidity & TVL
Moonwell Flagship currently has a total value locked (TVL) of $10.2M in USDC deposits.
Moonwell Flagship holds $10.2M in USDC deposits. Across all 155 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $10.2M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Moonwell Flagship ranks #9 of 44 USDC strategies on Base. It currently holds $10.2M.
Moonwell Flagship's TVL is currently declining. Over the past 165 days, TVL moved from $29.6M to $10.5M, a -64.7% change. The 30-day high was $36.5M and the 30-day low was $5.5M.
Both yield and TVL are declining, and depositors may be exiting in response to falling 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, Moonwell Flagship had 16 days of inflows and 13 days of outflows. The largest single-day inflow was +$3.6M (Apr 29, 2026) and the largest outflow was -$3.2M (Apr 22, 2026). Net 30-day TVL change: -22.9%.
Strategy & Access
Moonwell Flagship operates on the Base network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by B. Protocol.
To deposit into Moonwell Flagship, you need USDC tokens on the Base network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Moonwell Flagship ranks among 44 monitored USDC strategies on Base. Its yield of 4.90% is 4.7% below the Base average of 5.14%.
Moonwell Flagship is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that Moonwell Flagship 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 4.90% 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 Morpho before depositing.
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