Beefy · Ethereum

USDC (Morpho)

Overview

The Beefy USDC pool on Ethereum is a single-asset stablecoin position where suppliers earn variable interest on USDC deposits through the Morpho protocol, which aggregates yield from various lending sources within the Beefy ecosystem. Total APY stands at 3.61%, with no additional reward component. The 7-day trend shows a slight decline of -0.15% and the 30-day trend indicates a drop of -7.75%, placing the current rate below the 30-day mean of 5.26%. TVL is $2.53M with no reported 7-day change, exposing suppliers primarily to depeg risk on the underlying stablecoin. Given its role as part of a yield aggregator, this pool benefits from diversified liquidity across multiple lending platforms, reducing concentration risk compared to single-source pools.

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 4.39%; 30-day mean is 4.88%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 60% confidence based on historical patterns.

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