Centrifuge Protocol · Monad

USDC (Janus Henderson Treasury Fund)

Overview

The Centrifuge Protocol USDC pool on Monad is a single-asset stablecoin lending position where suppliers earn interest on USDC deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and distributing the resulting interest to lenders. This pool stands as one of several venues for USDC on Monad, catering specifically to real-world asset (RWA) use cases.

Total APY is 0%. Trend data is not available for this pool. At present, the current rate aligns with the 30-day mean of 0.52%, indicating stable yield conditions over the past month.

TVL holds at $4.5M without a notable change in the last week. Primary exposure here is depeg risk on the underlying USDC asset. Given its focus on RWA, this pool's stability and low volatility reflect the conservative nature of its lending activities.

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 4.99%; 30-day mean is 2.90%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 55% confidence based on historical patterns.

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