Frequently Asked Questions
What is the current APY for SwissBorg USDC?
The current spot APY for SwissBorg USDC on Morpho (Mainnet) is 3.85%. The 30-day average APY is 3.59%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in SwissBorg USDC?
The total value locked (TVL) in SwissBorg USDC is $10.3M. TVL measures the total USDC assets currently deposited in this vault.
Does the SwissBorg 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 SwissBorg USDC?
SwissBorg USDC is curated by Gauntlet. 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 Gauntlet on the Gauntlet curator page on Earnbase.
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 Morpho Strategies
SwissBorg USDC
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
SwissBorg USDC is a USDC yield strategy on Morpho, curated by Gauntlet. It currently generates 3.85% APY (24h) with a 30-day average of 3.59%. The vault holds $10.3M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #77 out of 154 strategies. Its 3.85% yield is 11.8% lower than the market average of 4.37%.
How SwissBorg USDC Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 15.0% lower than the network average for USDC strategies. This strategy is curated by Gauntlet, with 14 Gauntlet strategies tracked on Earnbase across 5 networks. Within Morpho, it competes against 61 other USDC strategies. By TVL, this product ranks #12 of 52 USDC strategies on Mainnet.
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 Mainnet#26 of 52
Yield Sustainability
The 24h APY of 3.85% is nearly identical to the 30-day mean, with only a 7.2% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
SwissBorg USDC has been on a 11-day flat streak, with APY rising from 3.85% to 3.85% 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 2.4%. The strongest 7-day period was Jun 26–Jul 02 averaging 3.85%, while the weakest was Jun 12–Jun 18 at 3.41%. Current 24h APY of 3.85% is 4.4% above the product's own 30-day average.
Weekly yields have improved for 2 consecutive weeks, with the most recent 7-day average of 3.85% representing a sustained weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 204 days, SwissBorg USDC's yield has shown a stable trend, with yields expanding from 3.53% to 3.51%, a 0.6% increase. The sustainability score of 91/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 204 days, SwissBorg USDC's total value locked has experienced a contraction, declining from $15.4M to $10.5M, a 32.0% reduction.
History
FAQ
Yield & Performance
SwissBorg USDC on Morpho offers a 24-hour APY of 3.85%, a 30-day average of 3.59% on USDC. Yields are variable and update daily based on protocol activity.
SwissBorg USDC ranks #77 out of 154 monitored USDC strategies. Its current yield of 3.85% is 11.8% below the market average of 4.37%.
Earnbase rates the yield sustainability of SwissBorg USDC at 91/100, classified as "Very Stable". The 24h APY of 3.85% is nearly identical to the 30-day mean, with only a 7.2% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 204 days, SwissBorg USDC has shown a stable yield trajectory. The average APY moved from 3.53% to 3.51%.
SwissBorg USDC has a yield volatility rating of "Moderate" (standard deviation: 0.73pp over 204 days). The APY has ranged from 1.82% to 6.61% in the tracked period, with an average of 3.32%.
Liquidity & TVL
SwissBorg USDC currently has a total value locked (TVL) of $10.3M in USDC deposits.
SwissBorg USDC holds $10.3M in USDC deposits. Across all 154 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $10.3M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, SwissBorg USDC ranks #12 of 52 USDC strategies on Mainnet. It currently holds $10.3M.
SwissBorg USDC's TVL is currently declining. Over the past 204 days, TVL moved from $15.4M to $10.5M, a -32.0% change. The 30-day high was $16.0M and the 30-day low was $10.3M.
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, SwissBorg USDC had 13 days of inflows and 5 days of outflows. The largest single-day inflow was +$351.1K (Jun 07, 2026) and the largest outflow was -$497.4K (Jun 14, 2026). Net 30-day TVL change: -2.6%.
Strategy & Access
SwissBorg USDC operates on the Mainnet network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by Gauntlet.
To deposit into SwissBorg USDC, you need USDC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
SwissBorg USDC ranks among 52 monitored USDC strategies on Mainnet. Its yield of 3.85% is 15.0% below the Mainnet average of 4.53%.
SwissBorg 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 SwissBorg USDC operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 3.85% 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.
Deposit Asset