Best USDC Yields in DeFi
The top USDC vault currently offers a 37.31% 7-day average APY. The table below ranks 50 USDC vaults by 7-day average APY, sourced live from the vaults.fyi API. 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 |
| Harvest Finance | Harvest 40 Acres USDC | Base | 24.87% | $2M | Med |
| Midas | Midas M1 USD Market Neutral | Ethereum | 24.37% | $26M | Med |
| Avantis | Avantis USDC Vault | Base | 19.15% | $10M | High |
| 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 |
| Arcadia | Arcadia USDC | Base | 11.13% | $3M | 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 |
| Morpho | Noon Ecosystem Vault | Base | 9.14% incl. 4.60% rewards | $3M | 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 |
| Morpho | Steakhouse High Yield USDC | Arbitrum | 8.45% | $2M | High |
| 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 | KPK USDC Yield | Base | 6.90% incl. 0.69% rewards | $5M | Med |
| Morpho | Yearn OG USDC | Ethereum | 6.87% incl. 0.52% rewards | $10M | High |
Where does this yield come from?
USDC yield in DeFi comes from three sources: lending interest (borrowers pay to access USDC liquidity), automated market making fees (trading fees from liquidity pools), and protocol incentive rewards (token distributions to depositors). Lending yield is organic: it rises when borrowing demand increases and falls when it drops. Reward yield is supplemental and varies with protocol token prices and emission schedules.
Risk considerations
All DeFi lending carries smart contract risk, protocol insolvency risk, and oracle risk. Vaults from established, audited protocols (Aave, Morpho, Compound) with multi-year track records carry lower risk profiles than newer alternatives. There is no government-backed deposit insurance for any DeFi protocol.
Frequently asked questions
What is the best USDC yield available in DeFi right now?
The highest 7-day average USDC APY is currently 37.31%, from Morini CarryTradeUSDTRYLeverage Vault on Ethereum. Rates across the 50 vaults tracked range from 6.87% to 37.31%. This page updates daily. Data sourced from vaults.fyi.
Where does USDC yield in DeFi come from?
USDC yield comes primarily from lending: depositors earn interest paid by borrowers. Additional yield comes from protocol token incentives distributed to depositors. Base yield tracks borrowing demand; reward yield varies with token prices and emission rates.
What is the difference between base APY and reward APY for USDC vaults?
Base APY is organic yield from lending interest. Reward APY is supplemental yield from protocol token incentives. Base APY is more stable. Reward APY fluctuates with token prices and can be reduced or eliminated if a protocol changes its emissions schedule.
Is DeFi USDC yield safe?
DeFi lending involves smart contract risk, protocol insolvency risk, and oracle manipulation risk. There is no government-backed deposit insurance. Vaults from established, audited protocols on major networks are generally lower risk than newer alternatives, but no DeFi yield is risk-free.
Related pages
- Best USDT Yields in DeFi
- Best Stablecoin Yields in DeFi
- Aave USDC APY — Live Rate
- Morpho Vault APY — Live Rates
- Best USDC Yield on Base — Live Rates
- Best USDC Yield on Arbitrum — Live Rates
- Best USDC Yield on Ethereum — Live Rates
Data sourced from vaults.fyi, updated daily. Last updated: October 15, 2026. Explore all vaults.