Euler V2 · Ethereum

USDC (EVK Vault eUSDC-70)

Overview

The Euler V2 USDC pool on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by matching borrowers seeking USDC loans with lenders providing liquidity.

Total APY stands at 2.01%, with no additional reward component. Over the past week, the rate has increased slightly by 0.10%, while over the last month it has declined by 1.24%. This current rate is below the 30-day mean of 3.19%.

TVL in the pool amounts to $30M with no reported change over the past week. The primary risk here is depeg risk on the underlying stablecoin, USDC. Given its stablecoin nature and Euler's lending mechanism, liquidity depth remains a key factor influencing supplier 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 3.19%; 30-day mean is 3.20%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 81% confidence based on historical patterns.

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