USDC Lend
About USDC Lend
USDC Lend is an autocompounder on Base with USDC as its underlying token, in which the yield is distributed. It earns yield from its underlying lending venue and automatically converts any claimed rewards into more USDC, removing the manual claim and conversion steps a user would otherwise need to perform on their own.
Yield earned by the strategy is added back to the vault on a recurring basis. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders rather than borne by each user individually.
Live since April 2025. Currently indexed at $139K TVL, with a 8.43% 24-hour APY and 9.55% across the trailing 30 days.
Performance Overview
Historical indexer data. Past onchain performance is not a predictive forecast.
Market benchmarking
USDC 40 Acres
Base29.72%$1.8M#2USDC Bitcoin Dollar USDC
Ethereum11.46%$25K#3USDC Euler BaseBase8.47%$10USDC LendYou are hereBase8.43%$139KUSDC Base USDC Lending OptimizerBase6.98%$599KAmong the 55 USDC strategies we currently monitor, this product ranks #4. Its 8.43% yield runs 18.7% lower than the cohort average of 10.36%. On a $1,000 position, that's ~$1.61 per month lower than the cohort average. This product sits in the top quarter of the cohort by APY. It currently holds $139K in TVL, ranking #5 of 55 by TVL.
Ecosystem context
On Base, this product's yield runs 26.1% lower than the network average across the USDC strategies we monitor. By APY it ranks #3 of 23 in that set. Yields on Base for USDC have averaged 11.40% in our index.
USDC on Base#3 of 23See all 23 USDC strategies on BaseBy TVL, this product ranks #4 of 23 USDC strategies on Base in our index.
Yield trajectory
Historical indexer data. Past onchain performance is not a predictive forecast.
Strategy stability
Based on APY volatility over the last 30 days. Higher scores indicate steadier yields.
USDCLong-term performance
- Share price has compounded at an annualized rate of 7.29% over 545 days, growing from 1.0000 to 1.1107. This represents a gain of ~0.111 USDC per 1 USDC supplied at launch.
- TVL experienced a 99% drawdown from its $678K peak, bottoming at $43 over 129 days. It currently stands at $139K, 20% of the peak value.
- Best performing month was September 2025 at 11.80% average APY; weakest was March 2026 at 4.20%. The spread between best and worst months represents ~$6.34 per $1,000 per month.
Historical statistics
Total value locked currently sits at $139K, which is 20% of its all-time peak of $678K reached on July 2025.
APY
| 30D Low | 5.89% |
|---|---|
| 30D High | 15.81% |
| 30D Average | 9.55% |
| Lifetime avg (545d) | 7.85% |
| Median APY | 9.18% |
| Best day | 15.81% · Oct 13 |
| Worst day | 5.89% · Oct 9 |
| Volatility | ±1.80% |
| APY range | 9.93pp |
TVL
| 30D Low | $56K |
|---|---|
| 30D High | $274K |
| 30D Average | $129K |
| Lifetime avg (545d) | $87K |
| Median TVL | $151K |
| Best day | $274K · Oct 13 |
| Worst day | $56K · Oct 1 |
| Current TVL | $139K |
| Largest daily change | $209K |
Historical Data
Download CSV| Date | APY |
|---|---|
| Oct 26, 2026 | 9.08% |
| Oct 25, 2026 | 8.99% |
| Oct 24, 2026 | 11.26% |
| Oct 23, 2026 | 12.17% |
| Oct 22, 2026 | 11.14% |
| Oct 21, 2026 | 7.97% |
| Oct 20, 2026 | 7.74% |
Strategy details
Frequently Asked Questions
What's the current APY for USDC Lend on Base?
USDC Lend on Base is showing a 24-hour APY of 8.43%, with a 30-day average of 9.55%. Rates are variable and move with market conditions, liquidity, and the underlying protocol's incentives. The figures reflect the realised yield over the trailing window; they are not a forward guarantee.
How does the autocompounding work?
The strategy holds positions in its underlying lending venue and the yield that accrues is added back to the vault on a recurring basis, increasing the value of each holder's share. The process repeats automatically; holders are not required to claim or add anything back themselves. Autocompounding events run when economically feasible, anywhere from hourly to several days apart, with gas costs socialised across all holders.
Can I withdraw at any time?
There are no withdrawal periods or lockups. If the underlying strategy holds enough liquidity to satisfy the request, exits are instant. During periods of liquidity stress in the underlying venue, withdrawal capacity can be limited until liquidity returns. See the risk page for details on how this works.
Where does the yield come from?
Yield is sourced from its underlying lending venue. The income stream is interest paid by the underlying market, added back to the vault on a recurring basis. The rate moves with the underlying venue's utilisation.
How stable has the APY been?
Over the last 30 days, this vault's APY has ranged from 5.89% to 15.81%, averaging 9.55%, with measured volatility of ±1.80%. The Strategy stability section above shows where this falls on the scale from very volatile to very consistent.
How much is currently in the vault?
The vault currently holds $139K in TVL. The Historical statistics section above shows how this compares to the vault's 30-day range and lifetime peak.
What are the risks?
Like any onchain yield strategy, this vault is exposed to smart contract risk in both the Harvest contracts and its underlying lending venue, market risk in the underlying venue it routes to, and protocol-specific risks of the assets it interacts with. Harvest's core vault infrastructure was audited by Halborn in January 2025. Audits reduce but do not eliminate risk.
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Harvest is an onchain yield index. Performance data reflects historical onchain activity and is not a forecast. See the methodology, risk framework, terms, and disclosures for details on how data is calculated and the risks associated with onchain yield strategies.