USDC Vault
Morpho · Curated by SparkDAO · Base
Frequently Asked Questions
What is the current APY for USDC Vault?
The current spot APY for USDC Vault on Morpho (Base) is 3.63%. The 30-day average APY is 4.06%. 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 $9.1M. 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 SparkDAO. 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 SparkDAO on the SparkDAO curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Coinshift Conservative USPC | Lagoon | Ethereum | 23.83% | $192.8K |
| Bitcoin Dollar USDC | IPOR Fusion | Ethereum | 18.81% | $310.9K |
| USDC Yield | Morpho | Arbitrum | 18.76% | $104.3K |
| 9Summits Flagship USDC | Lagoon | Ethereum | 16.68% | $4.1M |
| Syntropia Boosted | Lagoon | Ethereum | 16.05% | $345.2K |
| Arcadia V2 Pool | Arcadia | Base | 15.15% | $324.3K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| USDC Vault | Morpho | Mainnet | 14.09% | $38.1K |
| Arcadia Autocompounder | Harvest | Base | 12.40% | $131.7K |
| USDC Vault | 40 Acres | Base | 12.09% | $8.3M |
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 SparkDAO. It currently generates 3.63% APY (24h) with a 30-day average of 4.06%. The vault holds $9.1M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by SparkDAO · Base
Market Benchmarking
Within the USDC ecosystem, this product ranks #101 out of 153 strategies. Its 3.63% yield is 26.0% lower than the market average of 4.91%.
How USDC Vault Compares
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 23.0% lower than the network average for USDC strategies. This strategy is curated by SparkDAO, with 2 SparkDAO strategies tracked on Earnbase across 2 networks. Within Morpho, it competes against 60 other USDC strategies. By TVL, this product ranks #10 of 45 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 61 strategies on Morpho.
USDC on Base#32 of 45
Yield Sustainability
Current yield of 3.63% shows a 10.5% variance from the 30-day average, well within normal operating bands.
Yield Trajectory
USDC Vault recorded a 24h APY of 3.63% 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 1.8%. The strongest 7-day period was Apr 19–Apr 25 averaging 4.56%, while the weakest was May 03–May 09 at 3.65%. Current 24h APY of 3.63% is 10.6% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 3.65%.
Weekly Breakdown
Historical APY Statistics
Over the past 156 days, USDC Vault's yield has shown a downward trend, with yields compressing from 5.08% to 3.97%, a 22.0% decline. The sustainability score of 87/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 156 days, USDC Vault's total value locked has experienced a contraction, declining from $216.6M to $12.2M, a 94.4% reduction.
History
FAQ
Yield & Performance
USDC Vault on Morpho offers a 24-hour APY of 3.63%, a 30-day average of 4.06% on USDC. Yields are variable and update daily based on protocol activity.
USDC Vault ranks #101 out of 153 monitored USDC strategies. Its current yield of 3.63% is 26.0% below the market average of 4.91%.
Earnbase rates the yield sustainability of USDC Vault at 87/100, classified as "Stable". Current yield of 3.63% shows a 10.5% variance from the 30-day average, well within normal operating bands.
Over the past 156 days, USDC Vault has shown a downward yield trajectory. The average APY moved from 5.08% to 3.97%.
USDC Vault has a yield volatility rating of "Moderate" (standard deviation: 0.77pp over 156 days). The APY has ranged from 2.92% to 6.00% in the tracked period, with an average of 4.28%.
Liquidity & TVL
USDC Vault currently has a total value locked (TVL) of $9.1M in USDC deposits.
USDC Vault holds $9.1M in USDC deposits. Across all 153 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $9.1M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Vault ranks #10 of 45 USDC strategies on Base. It currently holds $9.1M.
USDC Vault's TVL is currently declining. Over the past 156 days, TVL moved from $216.6M to $12.2M, a -94.4% change. The 30-day high was $342.0M and the 30-day low was $9.0M.
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, USDC Vault had 11 days of inflows and 18 days of outflows. The largest single-day inflow was +$38.3M (Apr 21, 2026) and the largest outflow was -$39.0M (Apr 22, 2026). Net 30-day TVL change: -26.2%.
Strategy & Access
USDC Vault operates on the Base network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by SparkDAO.
To deposit into USDC Vault, you need USDC tokens on the Base network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDC Vault ranks among 45 monitored USDC strategies on Base. Its yield of 3.63% is 23.0% below the Base average of 4.72%.
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 Base network.
For illustrative purposes only. Based on the current 3.63% 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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