Fluid Lending · Ethereum

USDC

Overview

Fluid Lending's USDC pool on Ethereum is a single-asset lending venue where users deposit USDC to earn yield from borrower interest and protocol incentives.

The pool currently offers 4.75% total APY, composed of 3.73% base yield from lending activity and 1.02% from reward tokens. Over the past 30 days, the pool's average APY was 4.97%, representing a 0.96% increase from the 30-day mean; however, the 7-day trend shows a slight decline of 0.04%, suggesting recent downward pressure on returns.

Total value locked stands at approximately 189.9 million USD. As a stablecoin pool, the primary risk exposure is depeg risk—the possibility that USDC loses its dollar peg, which would affect both principal and yield stability. The pool carries standard smart-contract risk inherent to the Fluid Lending protocol.

Composed 2026-05-18 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 4.45%; 30-day mean is 4.50%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 65% confidence based on historical patterns.

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