Harvest Finance · Ethereum

USDC (Morpho - Alpha Core V2)

Overview

The Harvest Finance USDC pool on Ethereum is a single-asset stablecoin lending position where suppliers earn variable interest on USDC deposits. The protocol aggregates borrowing demand from various sources and pays lenders from the resulting interest spread. Total APY stands at 3.68%, with no additional reward component. Over the past week, the rate has declined by 0.05% and over the last month it has fallen by 3.38%, placing the current yield below the 30-day mean of 4.64%. TVL is $1.09M with no reported change in the past seven days; primary exposure here is depeg risk on the underlying stablecoin USDC. As a single-asset pool focused on stablecoins, liquidity depth and stability are key factors influencing performance.

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 6.00%; 30-day mean is 8.05%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

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

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