Ember Protocol · Sui

USDC (R25 Treasury Vault)

Overview

The Ember Protocol USDC on Sui is a single-asset stablecoin pool where suppliers earn variable interest on USDC deposits. The protocol generates yield by allocating pooled liquidity across various DeFi opportunities and distributes returns to depositors.

Total APY stands at 12.0%, composed of an 8.0% base rate and a 4.0% reward component. Over the past week, the APY has remained stable with no change, while over the last month, trend data is unavailable. The current rate falls below the 30-day mean of 12.0%.

TVL currently sits at $5.4M without any reported 7-day change. Primary exposure for this pool involves depeg risk on the underlying USDC stablecoin. Given its role as a treasury vault, liquidity depth and stability are key factors in managing depositor funds effectively.

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 12.00%; 30-day mean is 12.00%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 58% confidence based on historical patterns.

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