USDC Yield V2
Morpho · Curated by kpk · Ethereum
Frequently Asked Questions
What is the current APY for USDC Yield V2?
The current spot APY for USDC Yield V2 on Morpho (Ethereum) is 6.91%. The 30-day average APY is 12.59%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in USDC Yield V2?
The total value locked (TVL) in USDC Yield V2 is $5.4M. TVL measures the total USDC assets currently deposited in this vault.
Does the USDC Yield V2 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 V2?
USDC Yield V2 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 |
|---|---|---|---|---|
| Hub Capital USDC vault | Lagoon | Ethereum | 104.04% | $1.0M |
| High Yield USDC | Morpho | Mainnet | 103.36% | $1.8M |
| V2 - ID:20 | Silo | Sonic | 71.06% | $8.3K |
| Resolv USDC | Euler | Mainnet | 33.98% | $2.3K |
| Apostro | Euler | BNB | 28.33% | $1.0K |
| Euler Arbitrum Yield | Euler | Arbitrum | 21.93% | $1.4K |
| wsrUSD (Leveraged Looping) | IPOR Fusion | Mainnet | 16.59% | $4.1M |
| Hyperithm (Private Credit) | Wildcat | Mainnet | 15.00% | $30.0M |
| TAU Reservoir Pointsmax | IPOR Fusion | Ethereum | 14.04% | $589.4K |
| Coinshift Conservative USPC | Lagoon | Ethereum | 11.19% | $340.1K |
More Morpho Strategies
USDC Yield V2
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Yield Overview
USDC Yield V2 is a USDC yield strategy on Morpho, curated by kpk. It currently generates 6.91% APY (24h) with a 30-day average of 12.59%. The vault holds $5.4M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by kpk · Ethereum
Market Benchmarking
Within the USDC ecosystem, this product ranks #26 out of 160 strategies. Its 6.91% yield is 14.9% higher than the market average of 6.02%. While not the highest available, this strategy outperforms the majority of tracked USDC opportunities.
How USDC Yield V2 Compares
Ecosystem Context
Positioned within the Ethereum ecosystem, this product's yield is 41.2% lower than the network average for USDC strategies. This strategy is curated by kpk, with 6 kpk strategies tracked on Earnbase across 3 networks. Within Morpho, it competes against 63 other USDC strategies. By TVL, this product ranks #1 of 17 USDC strategies on Ethereum.
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 Ethereum#8 of 17
Yield Sustainability
Yield has deviated meaningfully from its 30-day baseline, with a 45.1% gap between the current rate and the historical mean.
Yield Trajectory
USDC Yield V2 recorded a 24h APY of 6.91% in the most recent data point. Over the past 23 days, the product delivered positive yields on 23 out of 23 days. Week-over-week, yields have increased by 3.9%. The strongest 7-day period was Mar 21–Mar 27 averaging 31.11%, while the weakest was Mar 14–Mar 20 at 6.09%. Current 24h APY of 6.91% is 51.9% below the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 8.02% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 23 days, USDC Yield V2's yield has shown a upward trend, with yields expanding from 6.09% to 7.55%, a 24.1% increase. The sustainability score of 46/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 23 days, USDC Yield V2's total value locked has experienced a growth phase, growing from $2.0M to $3.6M, a 80.8% increase.
History
FAQ
Yield & Performance
USDC Yield V2 on Morpho offers a 24-hour APY of 6.91%, a 30-day average of 12.59% on USDC. Yields are variable and update daily based on protocol activity.
USDC Yield V2 ranks #26 out of 160 monitored USDC strategies. Its current yield of 6.91% is 14.9% above the market average of 6.02%.
Earnbase rates the yield sustainability of USDC Yield V2 at 46/100, classified as "Low Stability". Yield has deviated meaningfully from its 30-day baseline, with a 45.1% gap between the current rate and the historical mean.
Over the past 23 days, USDC Yield V2 has shown an upward yield trajectory. The average APY moved from 6.09% to 7.55%.
USDC Yield V2 has a yield volatility rating of "High" (standard deviation: 33.66pp over 23 days). The APY has ranged from 5.41% to 172.07% in the tracked period, with an average of 14.37%.
Liquidity & TVL
USDC Yield V2 currently has a total value locked (TVL) of $5.4M in USDC deposits.
USDC Yield V2 holds $5.4M in USDC deposits. Across all 160 tracked USDC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $5.4M places it within the broader spectrum of USDC opportunities tracked on Earnbase.
By total value locked, USDC Yield V2 ranks #1 of 17 USDC strategies on Ethereum. It currently holds $5.4M.
USDC Yield V2's TVL is currently on an upward trajectory. Over the past 23 days, TVL moved from $2.0M to $3.6M, a +80.8% change. The 30-day high was $4.9M and the 30-day low was $882.2K.
Rising yields have attracted capital, with both APY and TVL trending upward over the past 30 days. 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 V2 had 16 days of inflows and 6 days of outflows. The largest single-day inflow was +$1.5M (Apr 03, 2026) and the largest outflow was -$1.4M (Mar 24, 2026). Net 30-day TVL change: +450.6%.
Strategy & Access
USDC Yield V2 operates on the Ethereum network and is managed by Morpho. It accepts USDC deposits. The strategy is curated by kpk.
To deposit into USDC Yield V2, you need USDC tokens on the Ethereum network. Visit the Morpho platform directly to connect your wallet and make a deposit.
USDC Yield V2 ranks among 17 monitored USDC strategies on Ethereum. Its yield of 6.91% is 41.2% below the Ethereum average of 11.76%.
USDC Yield V2 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 V2 operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Ethereum network.
For illustrative purposes only. Based on the current 6.91% 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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