Live ranking of 61 USDC strategies on 6 networks.
USDC MEV PTs18.36%Morpho
2USDC Theo Frontier9.99%Euler
3USDC Api3 dCOMP V28.10%Morpho4USDC Clearstar Core V28.08%Morpho5USDC Gauntlet8.04%Morpho
6USDC Felix7.93%Morpho7USDC Alpha Prime V27.86%Morpho8USDC KPK Yield V27.41%Morpho9USDC Alpha Delta V27.31%Morpho10USDC Gauntlet Frontier V27.09%Morpho11USDC Alpha Core V27.09%Morpho12USDC 40 Acres6.86%40 Acres
13USDC Autopilot6.61%Autopilot14USDC Steakhouse High Yield V26.25%Morpho15USDC Lend6.10%ExtraFi16USDC StakeDAO V25.82%Morpho17USDC Fluid5.78%Fluid18USDC Autopilot5.29%Autopilot19USDC Hyperithm Apex V25.28%Morpho20USDC Fluid4.68%Fluid21USDC Lend Pool #24.65%ExtraFi22USDC Fluid4.54%Fluid23USDC Autopilot4.50%Autopilot24USDC Steakhouse High Yield V24.37%Morpho25USDC Gauntlet Frontier V24.34%Morpho26USDC Yearn OG V24.31%Morpho27USDC MORPHO4.21%Autopilot28USDC Hyperithm4.06%Morpho29USDC Yearn OG V24.03%Morpho30USDC Steakhouse Prime3.77%Morpho31USDC Steakhouse Prime V23.67%Morpho32USDC Gauntlet Prime V23.67%Morpho33USDC Gauntlet Balanced V23.61%Morpho34USDC Gauntlet Prime V23.61%Morpho35USDC Clearstar Yield V23.58%Morpho36USDC cbETH3.56%Morpho Market37USDC cbBTC3.56%Morpho Market38USDC WETH3.54%Morpho Market39USDC Compound V33.53%Compound V340USDC Lend3.47%Arcadia41USDC Moonwell Flagship V23.46%Morpho42USDC Steakhouse High Yield V23.41%Morpho43USDC Aave3.16%Aave44USDC Dolomite3.15%Dolomite45USDC KPK Prime V23.14%Morpho46USDC RE72.97%Morpho47USDC Euler Base2.91%Euler48USDC Aave2.91%Aave49USDC Compound V32.77%Compound V350USDC Aave2.72%Aave
51USDC Clearstar Reactor V22.65%Morpho52USDC Alpha Prime V22.54%Morpho53USDC Compound2.40%Morpho54USDC Aave1.88%Aave55USDC Clearstar Reactor1.53%Morpho56USDC Prime1.40%Aave57USDC Yearn Degen1.32%Morpho58USDC Hypurr0.57%Hypurr59USDC Aave0.48%Aave
60USDC ZeroLend0.38%ZeroLend61USDC OpenEden0.09%EulerUSDC is Circle's fully reserved dollar stablecoin. The yield on this page comes from the supply side of DeFi: lending markets where borrowers pay you, autocompounders that harvest reward emissions, and a small set of delta-neutral strategies. Every row is one of those, picked from the strategies we currently index.
Most onchain lending markets and yield products denominate in USDC. The strategies on this ranking are the supply side of that economy: deposit USDC, earn whatever borrowers and incentive programs are paying for it. Yield moves with utilisation, reward gauges, and onchain demand. Scope is the strategies we currently track.
Right now we track 61 USDC strategies across 6 networks, holding $5.3M in deposits. 24-hour APYs run from 0.09% to 18.36%. Median 3.67%, mean 4.50%. None of this represents the wider USDC market, only what we follow.
Base (22 vaults, top APY 6.86%), Ethereum (18 vaults, top APY 18.36%), Arbitrum (14 vaults, top APY 9.99%), HyperEVM (3 vaults, top APY 8.04%), Polygon (2 vaults, top APY 2.72%), and zkSync (2 vaults, top APY 0.48%). USDC liquidity concentrates on Ethereum, Base, and the major EVM rollups. We add networks as new strategies ship and remove them when products retire.
Top families: Morpho (33), Aave (6), Autopilot (4), Euler (3), and Fluid (3). Most rows are either a single-asset money market like Aave or Morpho, or an autocompounder wrapping one. A smaller slice is real-world-asset credit and structured strategies.
Three flavours cover almost everything on the list. Lending: deposit USDC, earn the supply rate. Autocompounding: same plus a contract that re-invests reward emissions for you. Delta-neutral: pair USDC with a short leg to capture funding or basis spread. Each trades complexity for smoother or higher yield.
24-hour APY: today's annualised rate. 30-day APY: trailing mean across the last month. Stablecoin yields move less than wrapped-asset yields, but they still move every day with utilisation cycles and reward gauges. Past APY does not promise future APY.
TVL is the USD value of USDC sitting in the vault contract. The 61 vaults on this page hold $5.3M between them. Higher TVL usually means the strategy has been live longer and absorbed more capital without breaking. Lower TVL is either young, niche, or compensating poorly for its risk.
Smart-contract risk on the vault and the protocol underneath. Oracle risk on the price feeds. Depeg risk on USDC itself in tail scenarios. Governance risk on every parameter operators can change. Tiers and what we leave out, on the risk framework page.
A curated USDC index. Not the entire USDC yield market. We add strategies as we vet and integrate them; we drop them when products retire or fail our framework. Every comparison here is within our set; the rules behind that set are on the methodology page.