Best USDC Yield on Ethereum — Live Rates
The top USDC vault on Ethereum mainnet currently offers a 37.31% 7-day average APY. The table below ranks 50 USDC vaults on Ethereum mainnet by 7-day average APY. Rates update daily at 06:00 UTC.
Last updated: October 15, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Midas | Morini CarryTradeUSDTRYLeverage Vault | Ethereum | 37.31% | $12M | Med |
| Midas | Midas M1 USD Market Neutral | Ethereum | 24.37% | $26M | Med |
| Upshift Finance | NEMO USDC Yield | Ethereum | 16.79% | $13M | Med |
| Lagoon | Syntropia USDC Core | Ethereum | 15.47% | $1M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 14.91% | $6M | Med |
| Accountable | SPICE Credit | Ethereum | 14.67% incl. 0.68% rewards | $1M | Med |
| Ember | Ember Pharos Alpha | Ethereum | 12.89% | $3M | Med |
| Accountable | Morini FXArbUSDTRY | Ethereum | 12.09% | $3M | Med |
| Morpho | 9Summits Piku Ecosystem USDC | Ethereum | 12.07% | $1M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 10.68% incl. 4.62% rewards | $2M | Med |
| Wildcat | Auros USD Coin | Ethereum | 10.44% | $8M | Med |
| Wildcat | Key USD Coin | Ethereum | 10.44% | $2M | Med |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 10.44% | $1M | Med |
| Lagoon | 1212.Stable | Ethereum | 10.31% | $2M | Med |
| Lagoon | Tulipa USDC | Ethereum | 10.07% | $8M | Med |
| Wildcat | Selini USD Coin | Ethereum | 9.89% | $10M | Med |
| Lagoon | Gami USDC | Ethereum | 9.54% | $9M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 9.54% | $8M | Med |
| Ember | Ember Earn | Ethereum | 9.44% | $4M | Med |
| Accountable | ONyC Core | Ethereum | 9.44% | $3M | Med |
| Ember | Bitwise Premium+ | Ethereum | 9.15% | $6M | Med |
| Ember | Ember Y10K | Ethereum | 9.02% | $18M | Med |
| Midas | Morini StockMarketTRBasisTrade Vault | Ethereum | 8.96% | $3M | Med |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 8.88% | $73M | Med |
| Morpho | Kabu USDC | Ethereum | 8.67% | $1M | Med |
| Morpho | RockawayX f(x) Protocol Ecosystem USDC | Ethereum | 8.61% incl. 4.84% rewards | $20M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 8.53% | $2M | Med |
| Ultrayield | UltraYield USD | Ethereum | 8.21% | $6M | Med |
| Midas | Turtle Huma PST Vault | Ethereum | 8.18% | $3M | Med |
| Yearn | USDC to USDS Depositor | Ethereum | 8.12% | $5M | Med |
| Lagoon | Syntropia USDC | Ethereum | 7.83% | $12M | Med |
| Aave | Aave Horizon RWA USDC | Ethereum | 7.83% | $3M | High |
| Yearn | USD yVault | Ethereum | 7.56% | $11M | Med |
| Upshift Finance | Sentora USD | Ethereum | 7.51% | $97M | Med |
| Morpho | Waterline Reservoir USDC | Ethereum | 7.30% incl. 1.77% rewards | $13M | High |
| Euler | Euler Prime USDC | Ethereum | 7.24% | $2M | High |
| Morpho | Steakhouse Confidential Prime USDC | Ethereum | 7.20% | $35M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 7.16% | $16M | High |
| Midas | Midas Fasanara ONE | Ethereum | 7.13% | $66M | Med |
| Fluid | Fluid Lite USD Vault | Ethereum | 7.12% | $43M | High |
| Morpho | Huma USDC Main | Ethereum | 7.12% | $13M | Med |
| Yearn | Morpho Yearn OG USDC Compounder | Ethereum | 7.03% | $7M | Med |
| Fluid | Fluid USDC | Ethereum | 6.96% | $132M | High |
| Morpho | Yearn OG USDC | Ethereum | 6.87% incl. 0.52% rewards | $10M | High |
| Morpho | Byzantine Prime USD | Ethereum | 6.85% | $7M | Med |
| Morpho | M1 USDC | Ethereum | 6.77% | $9M | Med |
| Morpho | Hyperithm USDC | Ethereum | 6.77% | $2M | High |
| Morpho | OUSD Vault V1 | Ethereum | 6.68% | $4M | Med |
| Morpho | OUSD Vault V2 | Ethereum | 6.68% | $4M | Med |
| Morpho | RockawayX Confidential RWA USDC | Ethereum | 6.66% incl. 0.23% rewards | $28M | Med |
Where does this yield come from?
USDC yield on Ethereum mainnet comes from the deepest lending markets in DeFi: Aave v3, Morpho curated vaults, Sky/Spark, and Compound v3. Mainnet USDC rates reflect the broadest stablecoin borrowing demand across all of DeFi.
Risk considerations
Mainnet USDC lending carries no bridge risk. Smart contract and protocol risks apply as with any DeFi lending. Established mainnet protocols have the longest track records and deepest audit coverage.
Frequently asked questions
What is the best USDC yield on Ethereum mainnet right now?
The top 7-day average USDC APY on Ethereum mainnet is currently 37.31%, from Morini CarryTradeUSDTRYLeverage Vault. Across 50 tracked mainnet USDC vaults, rates range from 6.66% to 37.31%. Data from vaults.fyi, updated daily.
Related pages
- Best USDC Yields in DeFi
- Best USDC Yield on Base — Live Rates
- Best USDC Yield on Arbitrum — Live Rates
- Best DeFi Yields on Ethereum
- Morpho Vault APY — Live Rates
- Aave USDC APY — Live Rate
Data sourced from vaults.fyi, updated daily. Last updated: October 15, 2026. Explore all vaults.