Centrifuge Protocol · Ethereum

USDC (JAAA deRWA)

Overview

The Centrifuge Protocol USDC pool on Ethereum is a single-asset stablecoin lending position where suppliers earn variable interest on USDC deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and paying suppliers from the resulting interest spread. This pool stands as one of several venues for USDC lending on the Ethereum mainnet.

The total APY is 2.36%. Trend data is not available for this pool, so a comparison to historical performance cannot be made. The current rate aligns with the 30-day mean of 2.36%, indicating stable yield conditions.

TVL stands at $6.8M and has shown stability over the past week. Primary exposure in this single-asset stablecoin pool is depeg risk on the underlying USDC. Given its nature as a real-world asset (RWA) protocol, lending utilisation rates are critical for maintaining responsive supply-side interest rates to borrower demand fluctuations.

Composed 2026-05-22 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 7.96%; 30-day mean is 3.81%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

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

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