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 3.78%. The 30-day average APY is 9.12%. 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 $67.0K. 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 |
|---|---|---|---|---|
| High Yield USDC | Morpho | Mainnet | 108.58% | $1.8M |
| Hub Capital USDC vault | Lagoon | Ethereum | 104.04% | $1.0M |
| V2 - ID:20 | Silo | Sonic | 72.48% | $8.5K |
| Resolv USDC | Euler | Mainnet | 33.98% | $2.3K |
| Apostro | Euler | BNB | 28.33% | $1.0K |
| Euler Arbitrum Yield | Euler | Arbitrum | 21.93% | $1.4K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| wsrUSD (Leveraged Looping) | IPOR Fusion | Mainnet | 14.73% | $4.1M |
| TAU Reservoir Pointsmax | IPOR Fusion | Ethereum | 14.07% | $589.4K |
| Coinshift Conservative USPC | Lagoon | Ethereum | 11.19% | $340.1K |
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 3.78% APY (24h) with a 30-day average of 9.12%. The vault holds $67.0K 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 #71 out of 160 strategies. Its 3.78% yield is 36.9% lower than the market average of 5.99%.
How USDC Vault Compares
USDC Vault currently ranks #71 among 160 monitored USDC strategies. However, with a TVL of $67.0K, it holds significantly less capital than higher-TVL alternatives like USDC Core ($11.5M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 38.0% lower 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 63 other USDC strategies. By TVL, this product ranks #48 of 57 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 105 strategies on Morpho.
USDC on Mainnet#26 of 57
Yield Sustainability
An extreme 58.6% deviation from the historical average suggests the current yield level is unlikely to persist. This pattern is often driven by temporary incentive programs, one-off events, or rapid capital reallocation.
Yield Trajectory
USDC Vault has been on a 2-day downward streak, with APY falling from 4.75% to 3.80% 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 41.1%. The strongest 7-day period was Mar 21–Mar 27 averaging 11.38%, while the weakest was Mar 28–Apr 03 at 6.70%. Current 24h APY of 3.78% is 58.5% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 6.70%.
Weekly Breakdown
Historical APY Statistics
Over the past 121 days, USDC Vault's yield has shown a upward trend, with yields expanding from 6.88% to 7.91%, a 14.9% increase. The sustainability score of 28/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 121 days, USDC Vault's total value locked has experienced a growth phase, growing from $49.3K to $104.1K, a 111.1% increase.
History
FAQ
Yield & Performance
USDC Vault on Morpho offers a 24-hour APY of 3.78%, a 30-day average of 9.12% on USDC. Yields are variable and update daily based on protocol activity.
USDC Vault ranks #71 out of 160 monitored USDC strategies. Its current yield of 3.78% is 36.9% below the market average of 5.99%.
Earnbase rates the yield sustainability of USDC Vault at 28/100, classified as "Very Low Stability". An extreme 58.6% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 121 days, USDC Vault has shown an upward yield trajectory. The average APY moved from 6.88% to 7.91%.
USDC Vault has a yield volatility rating of "High" (standard deviation: 3.84pp over 121 days). The APY has ranged from 3.14% to 32.72% in the tracked period, with an average of 6.46%.
Liquidity & TVL
USDC Vault currently has a total value locked (TVL) of $67.0K in USDC deposits.
USDC Vault holds $67.0K in USDC deposits. Across all 160 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $67.0K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Vault ranks #48 of 57 USDC strategies on Mainnet. It currently holds $67.0K.
USDC Vault's TVL is currently on an upward trajectory. Over the past 121 days, TVL moved from $49.3K to $104.1K, a +111.1% change. The 30-day high was $466.0K and the 30-day low was $32.9K.
Yields are declining as more capital enters the vault, a common dynamic where increased deposits dilute per-depositor 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, USDC Vault had 18 days of inflows and 11 days of outflows. The largest single-day inflow was +$250.7K (Mar 24, 2026) and the largest outflow was -$288.9K (Mar 25, 2026). Net 30-day TVL change: +102.8%.
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 57 monitored USDC strategies on Mainnet. Its yield of 3.78% is 38.0% below the Mainnet average of 6.09%.
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 3.78% 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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