Prime USDC
Morpho · Curated by Steakhouse · Arbitrum
Frequently Asked Questions
What is the current APY for Prime USDC?
The current spot APY for Prime USDC on Morpho (Arbitrum) is 3.94%. The 30-day average APY is 4.53%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Prime USDC?
The total value locked (TVL) in Prime USDC is $140.7K. TVL measures the total USDC assets currently deposited in this vault.
Does the Prime USDC 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 Prime USDC?
Prime USDC is curated by Steakhouse. 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 Steakhouse on the Steakhouse curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Syntropia Boosted | Lagoon | Ethereum | 16.05% | $345.2K |
| Bitcoin Dollar USDC | IPOR Fusion | Ethereum | 15.62% | $312.8K |
| 722Capital USDC | Lagoon | Base | 15.52% | $1.2M |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| USDC Vault | 40 Acres | Base | 13.74% | $8.1M |
| mHYPER Looping | IPOR Fusion | Ethereum | 13.70% | $124.0K |
| Coinshift Conservative USPC | Lagoon | Ethereum | 13.33% | $193.5K |
| 40 Acres Autocompounder | Harvest | Base | 12.24% | $2.0M |
| Earn - avUSDC | Avantis | Base | 11.98% | $45.3M |
| Gami Stake DAO USDC | Lagoon | Ethereum | 11.91% | $303.9K |
More Morpho Strategies
Prime USDC
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Yield Overview
Prime USDC is a USDC yield strategy on Morpho, curated by Steakhouse. It currently generates 3.94% APY (24h) with a 30-day average of 4.53%. The vault holds $140.7K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Steakhouse · Arbitrum
Market Benchmarking
Within the USDC ecosystem, this product ranks #80 out of 153 strategies. Its 3.94% yield is 12.5% lower than the market average of 4.51%.
How Prime USDC Compares
Prime USDC currently ranks #80 among 153 monitored USDC strategies. However, with a TVL of $140.7K, it holds significantly less capital than higher-TVL alternatives like Lend ($201.4M).
Ecosystem Context
Positioned within the Arbitrum ecosystem, this product's yield is 11.7% higher than the network average for USDC strategies. This strategy is curated by Steakhouse, with 10 Steakhouse strategies tracked on Earnbase across 3 networks. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #13 of 19 USDC strategies on Arbitrum.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 61 strategies on Morpho.
USDC on Arbitrum#6 of 19
Yield Sustainability
Current yield of 3.94% shows a 13.0% variance from the 30-day average, well within normal operating bands.
Yield Trajectory
Prime USDC recorded a 24h APY of 3.94% 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 1.1%. The strongest 7-day period was Apr 28–May 04 averaging 4.75%, while the weakest was Apr 21–Apr 27 at 3.66%. Current 24h APY of 3.94% is 11.4% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 4.67%.
Weekly Breakdown
Historical APY Statistics
Over the past 166 days, Prime USDC's yield has shown a stable trend, with yields expanding from 3.67% to 3.84%, a 4.7% increase. The sustainability score of 84/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 166 days, Prime USDC's total value locked has experienced a growth phase, growing from $73.1K to $166.1K, a 127.2% increase.
History
FAQ
Yield & Performance
Prime USDC on Morpho offers a 24-hour APY of 3.94%, a 30-day average of 4.53% on USDC. Yields are variable and update daily based on protocol activity.
Prime USDC ranks #80 out of 153 monitored USDC strategies. Its current yield of 3.94% is 12.5% below the market average of 4.51%.
Earnbase rates the yield sustainability of Prime USDC at 84/100, classified as "Stable". Current yield of 3.94% shows a 13.0% variance from the 30-day average, well within normal operating bands.
Over the past 166 days, Prime USDC has shown a stable yield trajectory. The average APY moved from 3.67% to 3.84%.
Prime USDC has a yield volatility rating of "Moderate" (standard deviation: 1.09pp over 166 days). The APY has ranged from 1.79% to 9.39% in the tracked period, with an average of 3.57%.
Liquidity & TVL
Prime USDC currently has a total value locked (TVL) of $140.7K in USDC deposits.
Prime USDC holds $140.7K in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $140.7K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, Prime USDC ranks #13 of 19 USDC strategies on Arbitrum. It currently holds $140.7K.
Prime USDC's TVL is currently on an upward trajectory. Over the past 166 days, TVL moved from $73.1K to $166.1K, a +127.2% change. The 30-day high was $839.7K and the 30-day low was $37.1K.
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, Prime USDC had 12 days of inflows and 17 days of outflows. The largest single-day inflow was +$220.7K (Apr 29, 2026) and the largest outflow was -$209.0K (Apr 30, 2026). Net 30-day TVL change: -6.2%.
Strategy & Access
Prime USDC operates on the Arbitrum network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Steakhouse.
To deposit into Prime USDC, you need USDC tokens on the Arbitrum network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Prime USDC ranks among 19 monitored USDC strategies on Arbitrum. Its yield of 3.94% is 11.7% above the Arbitrum average of 3.53%.
Prime USDC 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 Prime USDC operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Arbitrum network.
For illustrative purposes only. Based on the current 3.94% 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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