Ember Protocol · Ethereum

USDC (Ember Earn Vault)

Overview

The Ember Earn Vault on Ethereum is a single-asset stablecoin pool where suppliers earn variable interest on USDC deposits. Ember Protocol, an on-chain capital allocator, generates yield by allocating pooled assets across various DeFi opportunities.

Total APY stands at 6.22%, with no additional reward component. The 7-day trend shows a decline of 1.80% while the 30-day data is unavailable. This current rate falls below the 30-day mean of 7.27%.

TVL amounts to $4.52M, with no reported change over the past seven days. Primary exposure here is depeg risk on the underlying stablecoin USDC. Given its status as a single-asset pool, liquidity depth remains consistent for users seeking stable returns.

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 9.36%; 30-day mean is 9.00%. 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.