Aave V3 · Ethereum

USDC (Umbrella)

Overview

The Aave V3 USDC pool on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. Aave routes borrowing demand against pooled USDC liquidity and pays suppliers from the resulting interest spread. Total APY of 9.26% breaks down into base lending at 4.82% and reward incentives at 4.44%. No trend data is available for either the 7-day or 30-day periods, making it impossible to compare current rates with historical performance relative to the 30-day mean of 8.25%. TVL stands at $47.6M without a reported 7-day change; primary exposure here is depeg risk on the underlying stablecoin USDC. Stablecoin lending pools typically see lower utilization rates compared to other asset classes, which helps maintain liquidity depth and stability for suppliers.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 6.63%; 30-day mean is 7.31%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 68% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.