Best USDC Yield on Ethereum — Live Rates
The top USDC vault on Ethereum mainnet currently offers a 26.66% 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: May 18, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Term | Shorewoods USDC | Ethereum | 26.66% | $1M | Med |
| Euler | YieldNest Max USDC | Ethereum | 19.92% incl. 6.40% rewards | $2M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 18.60% | $7M | Low |
| Upshift Finance | SingularV USDC Max Yield | Ethereum | 17.95% | $3M | Med |
| Midas | Midas Fasanara ONE | Ethereum | 13.05% | $71M | Med |
| Ember | Crosschain USD Vault | Ethereum | 13.02% | $3M | Med |
| Ember | Ember Pharos Alpha | Ethereum | 12.63% | $46M | Med |
| Upshift Finance | MNNC Azure Tide USDC | Ethereum | 11.36% | $8M | Med |
| Morpho | Alpha USDC Delta V2 | Ethereum | 11.10% | $24M | Med |
| Tokemak | Tokemak siloUSD | Ethereum | 11.05% | $2M | Med |
| Wildcat | Amber USD Coin | Ethereum | 11.04% | $2M | Low |
| Midas | Midas Apollo Crypto | Ethereum | 10.82% | $9M | High |
| Wildcat | Selini USD Coin | Ethereum | 10.80% | $8M | Low |
| Wildcat | MNNC Trading USD Coin | Ethereum | 10.47% | $2M | Low |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 9.96% | $1M | Low |
| Morpho | Alpha USDC Prime V2 | Ethereum | 9.90% | $3M | Med |
| Morpho | Alpha USDC Asia V2 | Ethereum | 9.63% | $9M | Med |
| Term | USDC Meta Vault | Ethereum | 9.60% | $4M | Med |
| Wildcat | Auros USD Coin | Ethereum | 9.44% | $6M | Low |
| Morpho | Api3 dCOMP USDC | Ethereum | 9.35% | $7M | Med |
| Midas | Midas Hyperithm | Ethereum | 9.22% | $25M | High |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 9.18% | $107M | Low |
| Morpho | Alpha Core V2 | Ethereum | 8.96% | $10M | Med |
| Yearn | Katana yvUSDC Compounder | Ethereum | 8.28% | $3M | Med |
| Fluid | Fluid Lite USD Vault | Ethereum | 8.10% | $37M | High |
| Lagoon | Gami USDC | Ethereum | 7.68% | $3M | Med |
| Midas | Midas Everstake USD | Ethereum | 7.55% | $4M | Med |
| Morpho | Alpha USDC Forex V2 | Ethereum | 7.17% | $3M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 7.16% | $7M | Med |
| Morpho | Clearstar USDC Reactor | Ethereum | 7.07% | $10M | High |
| Ember | Ember Earn | Ethereum | 7.05% | $5M | Med |
| Lagoon | 9Summits flagship USDC | Ethereum | 6.80% | $5M | Med |
| Revert.Finance | Revert Lend USDC | Ethereum | 6.71% | $1M | Med |
| Morpho | Alpha Enhanced V2 | Ethereum | 6.55% | $3M | Med |
| Morpho | Steakhouse Reservoir USDC | Ethereum | 6.43% incl. 2.66% rewards | $63M | High |
| Morpho | Steakhouse Reservoir USDC | Ethereum | 6.22% incl. 2.43% rewards | $5M | High |
| Morpho | OUSD Vault V1 | Ethereum | 5.92% | $3M | Med |
| Morpho | OUSD Vault V2 | Ethereum | 5.92% | $3M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 5.91% | $1M | Med |
| Upshift Finance | Sentora USD | Ethereum | 5.88% | $7M | Med |
| Morpho | Alpha USDC Core | Ethereum | 5.83% | $3M | High |
| Ultrayield | UltraYield USD | Ethereum | 5.68% | $5M | Med |
| Morpho | kpk USDC Yield V2 | Ethereum | 5.67% | $4M | Med |
| Yearn | Infinifi sIUSD Morpho Looper | Ethereum | 5.59% | $2M | Med |
| Euler | Euler Prime USDC | Ethereum | 5.46% | $2M | High |
| Morpho | Yearn OG USDC | Ethereum | 5.35% | $4M | Med |
| Morpho | August USDC V2 | Ethereum | 5.30% | $6M | Med |
| Morpho | Hyperithm USDC | Ethereum | 5.24% | $3M | High |
| Morpho | Hyperithm Morpho USDC | Ethereum | 5.11% | $5M | Med |
| Morpho | sky.money USDC Risk Capital | Ethereum | 5.00% | $12M | 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 26.66%, from Shorewoods USDC. Across 50 tracked mainnet USDC vaults, rates range from 5.00% to 26.66%. 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: May 18, 2026. Explore all vaults.