Best USDC Yields in DeFi
The top USDC vault currently offers a 67.31% 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: July 03, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Ember | Crosschain USD Vault | Ethereum | 67.31% | $2M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 32.67% | $9M | Med |
| Upshift Finance | Upshift Gamma USDC Vault | Ethereum | 32.24% | $2M | Med |
| Lagoon | Syntropia USDC Core | Ethereum | 22.98% | $1M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 22.59% | $7M | Low |
| Morpho | Alpha USDC Forex V2 | Ethereum | 19.29% | $2M | Med |
| Euler | YieldNest Max USDC | Ethereum | 17.82% | $1M | Med |
| Midas | Midas Fasanara ONE | Ethereum | 16.76% | $71M | Med |
| Accountable | SPICE Credit | Ethereum | 14.61% | $1M | Low |
| Ember | Ember Pharos Alpha | Ethereum | 13.58% | $10M | Med |
| Accountable | ONyC Core | Ethereum | 13.53% | $2M | Low |
| Wildcat | Hyperithm Wildcat USD Coin | Ethereum | 13.22% | $1M | Low |
| Morpho | Clearstar USDC Reactor | Ethereum | 12.48% | $2M | High |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 12.17% | $1M | Low |
| Wildcat | Selini USD Coin | Ethereum | 12.11% | $8M | Low |
| Harvest Finance | Harvest 40 Acres USDC | Base | 11.79% | $2M | Med |
| Midas | Midas Hyperithm | Ethereum | 11.00% | $46M | High |
| Wildcat | Auros USD Coin | Ethereum | 11.00% | $7M | Low |
| Morpho | Alpha Core V2 | Ethereum | 10.97% | $5M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 10.52% | $2M | Med |
| Euler | Clearstar Noon | Base | 10.49% incl. 3.79% rewards | $4M | Med |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 10.27% | $71M | Low |
| Avantis | Avantis USDC Vault | Base | 10.23% | $30M | High |
| Tokemak | Tokemak autoUSD | Ethereum | 10.14% incl. 0.21% rewards | $7M | Med |
| Morpho | Waterline InfiniFi USDC | Ethereum | 9.89% incl. 4.62% rewards | $4M | Med |
| Lagoon | 1212.Stable | Ethereum | 9.84% | $2M | Med |
| Yearn | Morpho Yearn OG USDC Compounder | Ethereum | 9.59% | $6M | Med |
| Midas | Midas mEDGE | Ethereum | 9.58% | $2M | High |
| Morpho | Re Ecosystem Vault | Ethereum | 9.50% | $8M | Med |
| Harvest Finance | Harvest Morpho - Gauntlet Frontier USDC | Ethereum | 8.94% | $1M | Med |
| Fluid | Fluid Lite USD Vault | Ethereum | 8.85% | $35M | High |
| Morpho | RockawayX USDC Yield | Ethereum | 8.83% | $7M | Med |
| Ember | Ember Earn | Ethereum | 8.83% | $3M | Med |
| Morpho | kpk USDC Yield V2 | Ethereum | 8.72% | $6M | Med |
| Ultrayield | UltraYield USD | Ethereum | 8.33% | $5M | Med |
| Upshift Finance | Sentora USD | Ethereum | 7.97% | $18M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 7.86% | $8M | High |
| Morpho | Alpha USDC Core | Ethereum | 7.80% | $2M | High |
| Morpho | August USDC V2 | Ethereum | 7.76% | $5M | Med |
| Mellow | Lido EarnUSD | Ethereum | 7.59% | $33M | Med |
| Lagoon | Gami USDC | Ethereum | 7.49% | $6M | Med |
| Morpho | sky.money USDC Risk Capital | Ethereum | 7.22% | $16M | Med |
| Tokemak | Tokemak baseUSD | Base | 7.18% incl. 0.73% rewards | $7M | Med |
| Morpho | Saturn USDC | Ethereum | 7.12% incl. 2.54% rewards | $3M | Med |
| Euler | Euler Prime USDC | Ethereum | 7.07% | $1M | High |
| Fluid | Fluid USDC | Ethereum | 7.06% incl. 0.48% rewards | $139M | High |
| Lagoon | Syntropia USDC | Ethereum | 7.03% | $3M | Med |
| Morpho | Hyperithm USDC | Ethereum | 6.74% | $2M | High |
| Morpho | Midas USDC | Ethereum | 6.39% | $12M | High |
| Moonwell | Moonwell USDC | Base | 6.32% incl. 0.36% rewards | $16M | 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 67.31%, from Crosschain USD Vault on Ethereum. Rates across the 50 vaults tracked range from 6.32% to 67.31%. 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: July 03, 2026. Explore all vaults.