Frequently Asked Questions
What is the current APY for USDC Yield?
The current spot APY for USDC Yield on Morpho (Arbitrum) is 4.18%. The 30-day average APY is 5.82%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDC Yield?
The total value locked (TVL) in USDC Yield is $106.9K. TVL measures the total USDC assets currently deposited in this vault.
Does the USDC Yield 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 Yield?
USDC Yield is curated by kpk. 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 kpk on the kpk curator page on Earnbase.
Compare with Other USDC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Syntropia Boosted | Lagoon | Ethereum | 16.05% | $345.2K |
| 722Capital USDC | Lagoon | Base | 15.52% | $1.2M |
| Bitcoin Dollar USDC | IPOR Fusion | Ethereum | 15.49% | $312.7K |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| mHYPER Looping | IPOR Fusion | Ethereum | 14.56% | $124.0K |
| USDC Vault | 40 Acres | Base | 13.74% | $8.1M |
| Coinshift Conservative USPC | Lagoon | Ethereum | 13.33% | $193.5K |
| 40 Acres Autocompounder | Harvest | Base | 12.25% | $2.0M |
| Hub Capital USDC vault | Lagoon | Ethereum | 12.16% | $993.0K |
| Earn - avUSDC | Avantis | Base | 11.97% | $45.3M |
More Morpho Strategies
USDC Yield
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Yield Overview
USDC Yield is a USDC yield strategy on Morpho, curated by kpk. It currently generates 4.18% APY (24h) with a 30-day average of 5.82%. The vault holds $106.9K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by kpk · Arbitrum
Market Benchmarking
Within the USDC ecosystem, this product ranks #72 out of 155 strategies. Its 4.18% yield is 12.1% lower than the market average of 4.76%.
How USDC Yield Compares
USDC Yield currently ranks #72 among 155 monitored USDC strategies. However, with a TVL of $106.9K, it holds significantly less capital than higher-TVL alternatives like USDC RWA ($12.4M).
Ecosystem Context
Positioned within the Arbitrum ecosystem, this product's yield is 27.5% higher than the network average for USDC strategies. This strategy is curated by kpk, with 3 kpk strategies tracked on Earnbase across 3 networks. Within Morpho, it competes against 61 other USDC strategies. By TVL, this product ranks #15 of 20 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 62 strategies on Morpho.
USDC on Arbitrum#3 of 20
Yield Sustainability
Yield is 28.1% below the monthly average.
Yield Trajectory
USDC Yield has been on a 4-day downward streak, with APY falling from 5.08% to 4.19% 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 28.9%. The strongest 7-day period was May 05–May 11 averaging 9.34%, while the weakest was Apr 21–Apr 27 at 4.30%. Current 24h APY of 4.18% is 34.4% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 6.64%.
Weekly Breakdown
Historical APY Statistics
Over the past 74 days, USDC Yield's yield has shown a upward trend, with yields expanding from 4.83% to 6.90%, a 42.9% increase. The sustainability score of 66/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 74 days, USDC Yield's total value locked has experienced a contraction, declining from $1.0M to $472.4K, a 54.6% reduction.
History
FAQ
Yield & Performance
USDC Yield on Morpho offers a 24-hour APY of 4.18%, a 30-day average of 5.82% on USDC. Yields are variable and update daily based on protocol activity.
USDC Yield ranks #72 out of 155 monitored USDC strategies. Its current yield of 4.18% is 12.1% below the market average of 4.76%.
Earnbase rates the yield sustainability of USDC Yield at 66/100, classified as "Moderate". Yield is 28.1% below the monthly average.
Over the past 74 days, USDC Yield has shown an upward yield trajectory. The average APY moved from 4.83% to 6.90%.
USDC Yield has a yield volatility rating of "High" (standard deviation: 3.34pp over 74 days). The APY has ranged from 2.04% to 18.93% in the tracked period, with an average of 5.50%.
Liquidity & TVL
USDC Yield currently has a total value locked (TVL) of $106.9K in USDC deposits.
USDC Yield holds $106.9K in USDC deposits. Across all 155 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $106.9K places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Yield ranks #15 of 20 USDC strategies on Arbitrum. It currently holds $106.9K.
USDC Yield's TVL is currently declining. Over the past 74 days, TVL moved from $1.0M to $472.4K, a -54.6% change. The 30-day high was $2.0M and the 30-day low was $84.2K.
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 Yield had 7 days of inflows and 22 days of outflows. The largest single-day inflow was +$135.9K (May 12, 2026) and the largest outflow was -$641.5K (May 06, 2026). Net 30-day TVL change: -94.1%.
Strategy & Access
USDC Yield operates on the Arbitrum network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by kpk.
To deposit into USDC Yield, you need USDC tokens on the Arbitrum network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDC Yield ranks among 20 monitored USDC strategies on Arbitrum. Its yield of 4.18% is 27.5% above the Arbitrum average of 3.28%.
USDC Yield 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 Yield 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 4.18% 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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