USDC Vault
Morpho · Curated by August Digital · Mainnet
Frequently Asked Questions
What is the current APY for USDC Vault?
The current spot APY for USDC Vault on Morpho (Mainnet) is 5.64%. The 30-day average APY is 5.86%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDC Vault?
The total value locked (TVL) in USDC Vault is $38.2K. TVL measures the total USDC assets currently deposited in this vault.
Does the USDC Vault 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 USDC Vault?
USDC Vault is curated by August Digital. 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 August Digital on the August Digital 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
USDC Vault
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
USDC Vault is a USDC yield strategy on Morpho, curated by August Digital. It currently generates 5.64% APY (24h) with a 30-day average of 5.86%. The vault holds $38.2K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by August Digital · Mainnet
Market Benchmarking
Within the USDC ecosystem, this product ranks #41 out of 153 strategies. Its 5.64% yield is 25.1% higher than the market average of 4.51%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How USDC Vault Compares
USDC Vault currently ranks #41 among 153 monitored USDC strategies. However, with a TVL of $38.2K, it holds significantly less capital than higher-TVL alternatives like Lend ($13.3M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 45.4% higher than the network average for USDC strategies. This strategy is curated by August Digital, with 1 August Digital strategies tracked on Earnbase. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #45 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 61 strategies on Morpho.
USDC on Mainnet#9 of 52
Yield Sustainability
The 24h APY of 5.64% is nearly identical to the 30-day mean, with only a 3.7% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
USDC Vault has been on a 2-day upward streak, with APY rising from 7.11% to 8.62% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 5.1%. The strongest 7-day period was May 05–May 11 averaging 6.05%, while the weakest was Apr 28–May 04 at 5.33%. Current 24h APY of 5.64% is 2.9% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 5.74%.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, USDC Vault's yield has shown a downward trend, with yields compressing from 6.54% to 5.81%, a 11.2% decline. The sustainability score of 96/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 165 days, USDC Vault's total value locked has experienced a growth phase, growing from $46.9K to $58.5K, a 24.9% increase.
History
FAQ
Yield & Performance
USDC Vault on Morpho offers a 24-hour APY of 5.64%, a 30-day average of 5.86% on USDC. Yields are variable and update daily based on protocol activity.
USDC Vault ranks #41 out of 153 monitored USDC strategies. Its current yield of 5.64% is 25.1% above the market average of 4.51%.
Earnbase rates the yield sustainability of USDC Vault at 96/100, classified as "Very Stable". The 24h APY of 5.64% is nearly identical to the 30-day mean, with only a 3.7% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 165 days, USDC Vault has shown a downward yield trajectory. The average APY moved from 6.54% to 5.81%.
USDC Vault has a yield volatility rating of "High" (standard deviation: 3.42pp over 165 days). The APY has ranged from 3.14% to 32.72% in the tracked period, with an average of 6.26%.
Liquidity & TVL
USDC Vault currently has a total value locked (TVL) of $38.2K in USDC deposits.
USDC Vault holds $38.2K in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $38.2K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Vault ranks #45 of 52 USDC strategies on Mainnet. It currently holds $38.2K.
USDC Vault's TVL is currently on an upward trajectory. Over the past 165 days, TVL moved from $46.9K to $58.5K, a +24.9% change. The 30-day high was $466.0K and the 30-day low was $32.9K.
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, USDC Vault had 20 days of inflows and 7 days of outflows. The largest single-day inflow was +$18 (May 09, 2026) and the largest outflow was -$18.9K (Apr 24, 2026). Net 30-day TVL change: -37.4%.
Strategy & Access
USDC Vault operates on the Mainnet network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by August Digital.
To deposit into USDC Vault, you need USDC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDC Vault ranks among 52 monitored USDC strategies on Mainnet. Its yield of 5.64% is 45.4% above the Mainnet average of 3.88%.
USDC Vault 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 USDC Vault 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 5.64% 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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