Best USDC Yield on Ethereum — Live Rates
The top USDC vault on Ethereum mainnet currently offers a 37.04% 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: August 23, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Midas | Morini CarryTradeUSDTRYLeverage Vault | Ethereum | 37.04% | $17M | Med |
| Midas | Midas Fasanara Global | Ethereum | 32.03% | $64M | Med |
| Upshift Finance | NEMO USDC Yield | Ethereum | 24.74% | $8M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 19.79% | $6M | Med |
| Midas | Morini StockMarketTRBasisTrade Vault | Ethereum | 19.38% | $6M | Med |
| Euler | YieldNest Max USDC | Ethereum | 17.78% | $1M | Med |
| Accountable | Morini FXArbUSDTRY | Ethereum | 17.67% | $4M | Med |
| Accountable | SPICE Credit | Ethereum | 14.55% incl. 1.24% rewards | $1M | Med |
| Yearn | Yearn v2 USDC | Ethereum | 13.45% | $5M | High |
| Ember | Ember Pharos Alpha | Ethereum | 12.88% | $7M | Med |
| Midas | Midas mEDGE | Ethereum | 11.53% | $2M | High |
| Ember | Ember Y10K | Ethereum | 11.00% | $17M | Med |
| Ultrayield | UltraYield USD | Ethereum | 10.87% | $4M | Med |
| Wildcat | Key USD Coin | Ethereum | 10.50% | $2M | Med |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 10.49% | $1M | Med |
| Wildcat | Selini USD Coin | Ethereum | 10.37% | $9M | Med |
| Wildcat | MNNC Trading USD Coin | Ethereum | 10.06% | $3M | Med |
| Accountable | ONyC Core | Ethereum | 9.83% | $3M | Med |
| Ember | Ember Earn | Ethereum | 9.52% | $3M | Med |
| Wildcat | Auros USD Coin | Ethereum | 9.41% | $6M | Med |
| Lagoon | Gami USDC | Ethereum | 9.03% | $9M | Med |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 8.90% | $75M | Med |
| Lagoon | 9Summits flagship USDC | Ethereum | 8.79% | $4M | Med |
| Morpho | M1 USDC | Ethereum | 8.58% | $8M | Med |
| Morpho | Alpha USDC Forex V2 | Ethereum | 8.55% | $4M | Med |
| Lagoon | Syntropia USDC | Ethereum | 8.42% | $4M | Med |
| Midas | Midas Fasanara ONE | Ethereum | 8.41% | $71M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 8.39% | $8M | Med |
| Midas | Midas Rockaway Market Neutral | Ethereum | 8.08% | $7M | Med |
| Morpho | Steakhouse High Yield Turbo | Ethereum | 7.85% | $2M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 7.82% | $14M | High |
| Lagoon | Tulipa USDC | Ethereum | 7.74% | $9M | Med |
| Morpho | Yearn OG USDC | Ethereum | 7.66% incl. 1.47% rewards | $9M | Med |
| Morpho | Hyperithm USDC | Ethereum | 7.53% | $2M | High |
| Morpho | Yearn OG USDC V2 | Ethereum | 7.42% incl. 1.47% rewards | $2M | Med |
| Morpho | Keyrock USDC | Ethereum | 7.39% incl. 1.47% rewards | $7M | Med |
| Concrete | Concrete Frontier USDC | Ethereum | 7.35% | $1M | Med |
| Fluid | Fluid Lite USD Vault | Ethereum | 7.32% | $42M | High |
| Morpho | Apyx USDC | Ethereum | 7.30% | $6M | Med |
| Midas | Turtle Huma PST Vault | Ethereum | 7.27% | $3M | Med |
| Morpho | Steakhouse Confidential Prime USDC | Ethereum | 7.20% | $40M | Med |
| Yearn | Morpho Yearn OG USDC Compounder | Ethereum | 7.19% | $7M | Med |
| Morpho | Byzantine Prime USD | Ethereum | 7.19% | $7M | Med |
| Euler | Clearstar OpenEden Hybond USDC | Ethereum | 7.14% | $3M | Med |
| Morpho | Pendle Ecosystem USDC | Ethereum | 7.09% incl. 1.66% rewards | $48M | Med |
| Morpho | kpk USDC Yield V2 | Ethereum | 7.05% | $8M | Med |
| Morpho | RockawayX USDC Yield | Ethereum | 6.93% | $16M | Med |
| Upshift Finance | Sentora USD | Ethereum | 6.88% | $47M | Med |
| Morpho | 3Jane Ecosystem Vault | Ethereum | 6.84% incl. 1.47% rewards | $21M | High |
| Mellow | Lido EarnUSD | Ethereum | 6.81% | $40M | 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 37.04%, from Morini CarryTradeUSDTRYLeverage Vault. Across 50 tracked mainnet USDC vaults, rates range from 6.81% to 37.04%. 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: August 23, 2026. Explore all vaults.