Best USDC Yields in DeFi
The top USDC vault currently offers a 21474836.47% 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: June 10, 2026 · Data: vaults.fyi
| Protocol | Vault (links to app) | Network | 7-day APY | TVL | Reputation |
|---|---|---|---|---|---|
| Morpho | Gauntlet USDC Frontier | Base | 21474836.47% | $1M | Med |
| Accountable | Morini FXArbUSDTRY | Ethereum | 279.81% | $10M | Low |
| Accountable | SPICE Credit | Ethereum | 136.85% | $1M | Low |
| Euler | YieldNest Max USDC | Ethereum | 25.31% incl. 7.49% rewards | $1M | Med |
| Morpho | Apyx USDC | Ethereum | 21.48% | $6M | Med |
| Wildcat | Kain Warwick USD Coin | Ethereum | 20.65% | $7M | Low |
| Midas | Midas M1 USD Market Neutral | Ethereum | 15.91% | $29M | Med |
| Ember | Ember Pharos Alpha | Ethereum | 12.51% | $38M | Med |
| Wildcat | Hyperithm Wildcat USD Coin | Ethereum | 12.08% | $1M | Low |
| Upshift Finance | SingularV USDC Max Yield | Ethereum | 11.60% | $2M | Med |
| Wildcat | MNNC Trading USD Coin | Ethereum | 11.58% | $2M | Low |
| Tokemak | Tokemak siloUSD | Ethereum | 11.41% | $2M | Med |
| Wildcat | Selini USD Coin | Ethereum | 11.06% | $8M | Low |
| Wildcat | Hyperithm WildcatFast USD Coin | Ethereum | 10.95% | $2M | Low |
| Morpho | Alpha Enhanced V2 | Ethereum | 10.80% | $3M | Med |
| Midas | Midas Fasanara ONE | Ethereum | 10.50% | $67M | Med |
| Wildcat | Auros USD Coin | Ethereum | 10.50% | $5M | Low |
| Morpho | Alpha USDC Prime V2 | Ethereum | 10.33% | $9M | Med |
| Lagoon | 1212.Stable | Ethereum | 10.13% | $2M | Med |
| Morpho | Alpha USDC Asia V2 | Ethereum | 9.97% | $8M | Med |
| Midas | Midas Hyperithm | Ethereum | 9.89% | $33M | High |
| Morpho | Alpha USDC Delta V2 | Ethereum | 9.43% | $33M | Med |
| Wildcat | Wintermute Trading USD Coin | Ethereum | 9.40% | $80M | Low |
| Morpho | Alpha USDC Forex V2 | Ethereum | 9.28% | $3M | Med |
| Midas | Midas Apollo Crypto | Ethereum | 9.16% | $8M | High |
| Fluid | Fluid Lite USD Vault | Ethereum | 9.06% | $35M | High |
| Morpho | Alpha Core V2 | Ethereum | 8.65% | $13M | Med |
| Morpho | Api3 dCOMP USDC | Ethereum | 8.50% | $9M | Med |
| Moonwell | Moonwell USDC | Base | 8.27% incl. 1.02% rewards | $15M | High |
| Harvest Finance | Harvest 40 Acres USDC | Base | 8.13% | $2M | Med |
| Ember | Ember Earn | Ethereum | 8.12% | $5M | Med |
| Harvest Finance | Harvest Morpho - Gauntlet Frontier USDC | Ethereum | 7.37% | $1M | Med |
| Morpho | infiniFi x Steakhouse USDC | Ethereum | 7.28% incl. 2.28% rewards | $5M | Med |
| Tokemak | Tokemak baseUSD | Base | 7.18% incl. 1.03% rewards | $7M | Med |
| Morpho | Clearstar USDC Core | Ethereum | 7.16% | $7M | Med |
| Morpho | Clearstar USDC Reactor | Ethereum | 7.08% | $7M | High |
| Morpho | Lulo USDC | Ethereum | 6.87% | $4M | Med |
| Lagoon | Gami USDC | Ethereum | 6.56% | $4M | Med |
| Morpho | Re Ecosystem Vault | Ethereum | 6.55% | $8M | Med |
| Midas | Midas Everstake USD | Ethereum | 6.50% | $4M | Med |
| Euler | Euler Prime USDC | Ethereum | 6.49% | $1M | High |
| Morpho | Hyperithm Morpho USDC | Ethereum | 6.37% | $7M | Med |
| Tokemak | Tokemak autoUSD | Ethereum | 6.35% incl. 0.29% rewards | $7M | Med |
| Fluid | Fluid USDC | Ethereum | 6.33% incl. 1.23% rewards | $105M | High |
| Midas | Midas mEDGE | Ethereum | 6.26% | $4M | High |
| Morpho | sky.money USDC Risk Capital | Ethereum | 6.04% | $14M | Med |
| Fluid | Fluid USDC | Arbitrum | 6.02% | $39M | High |
| Morpho | Steakhouse Reservoir USDC | Ethereum | 6.02% incl. 1.87% rewards | $33M | High |
| Upshift Finance | Sentora USD | Ethereum | 5.92% | $18M | Med |
| Morpho | August USDC V2 | Ethereum | 5.92% | $5M | Med |
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 21474836.47%, from Gauntlet USDC Frontier on Base. Rates across the 50 vaults tracked range from 5.92% to 21474836.47%. 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: June 10, 2026. Explore all vaults.