USDC Api3 dCOMP V2
About USDC Api3 dCOMP V2
USDC Api3 dCOMP V2 is an autocompounder on Ethereum 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.
Rewards earned by the strategy (MORPHO) are periodically converted into USDC and added back to the vault. 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 October 2024. Currently indexed at $6K TVL across 4 holders, with a 6.81% 24-hour APY and 17.27% across the trailing 30 days.
Performance Overview
Historical indexer data. Past onchain performance is not a predictive forecast.
Market benchmarking
USDC 40 Acres
Base11.54%$1.9M#2USDC LendBase9.03%$110K#3USDC Alpha Prime V2
Ethereum7.30%$16K#4USDC AutopilotEthereum6.82%$11KUSDC Api3 dCOMP V2You are hereEthereum6.81%$6KAmong the 54 USDC strategies we currently monitor, this product ranks #5. Its 6.81% yield runs 1.1% lower than the cohort average of 6.88%. On a $1,000 position, that's ~$0.06 per month lower than the cohort average. This product sits in the top quarter of the cohort by APY. It currently holds $6K in TVL, ranking #14 of 54 by TVL.
Ecosystem context
On Ethereum, this product's yield runs 14.8% higher than the network average across the USDC strategies we monitor. By APY it ranks #3 of 17 in that set. Yields on Ethereum for USDC have averaged 5.93% in our index.
USDC on Ethereum#3 of 17See all 17 USDC strategies on EthereumBy TVL, this product ranks #4 of 17 USDC strategies on Ethereum 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.
USDCThis strategy currently holds $6K, below our $50K liquidity mark. Thin liquidity can mean higher slippage on entry and exit, and the headline yield can be skewed by a small number of holders.
Long-term performance
- Share price has compounded at an annualized rate of 6.23% over 645 days, growing from 1.0000 to 1.1127. This represents a gain of ~0.113 USDC per 1 USDC supplied at launch.
- Best performing month was June 2026 at 19.15% average APY; weakest was October 2024 at 0.00%. The spread between best and worst months represents ~$16 per $1,000 per month.
Historical statistics
Over the past 645 days, this vault's APY has moved from an early average of 6.69% to a recent average of 7.56%, a 13.0% increase. At the start of the window, $1,000 would have earned ~$5.58/mo at then-current rates; at recent rates, ~$6.30/mo.
Total value locked currently sits at $6K. The vault has been live for 645 days.
APY
| 30D Low | 0.11% |
|---|---|
| 30D High | 76.88% |
| 30D Average | 17.27% |
| Lifetime avg (645d) | 6.65% |
| Median APY | 10.79% |
| Best day | 76.88% · Jun 27 |
| Worst day | 0.11% · Jul 18 |
| Volatility | ±20.70% |
| APY range | 76.77pp |
TVL
| 30D Low | $153 |
|---|---|
| 30D High | $11K |
| 30D Average | $9K |
| Lifetime avg (645d) | $682 |
| Median TVL | $11K |
| Best day | $11K · Jul 16 |
| Worst day | $153 · Jul 6 |
| Current TVL | $6K |
| Largest daily change | $11K |
Historical Data
Download CSV| Date | APY |
|---|---|
| Jul 25, 2026 | 7.89% |
| Jul 24, 2026 | 7.89% |
| Jul 23, 2026 | 3.27% |
| Jul 22, 2026 | 3.27% |
| Jul 21, 2026 | 3.27% |
| Jul 20, 2026 | 8.18% |
| Jul 19, 2026 | 8.49% |
Strategy details
Frequently Asked Questions
What's the current APY for USDC Api3 dCOMP V2?
USDC Api3 dCOMP V2 is showing a 24-hour APY of 6.81%, with a 30-day average of 17.27%. 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 periodically claims any rewards that accrue. Those rewards (MORPHO) are then converted into more USDC and added back to the vault, increasing the value of each holder's share. The process repeats automatically; holders are not required to claim, swap, 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 a combination of interest paid by the underlying market and reward emissions in MORPHO, which the strategy claims and converts back into USDC on a recurring basis. The rate moves with the underlying venue's utilisation and incentive schedule.
How stable has the APY been?
Over the last 30 days, this vault's APY has ranged from 0.11% to 76.88%, averaging 17.27%, with measured volatility of ±20.70%. 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 $6K in TVL across 4 holders. 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.