Moonwell Lending · Base

EURC

Overview

The Moonwell Lending EURC pool on Base is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by routing borrowing demand against pooled EURC liquidity and paying suppliers from the resulting interest spread. This pool stands as one of several venues for EURC on Base, catering to users seeking exposure to this specific asset.

The total APY is 19.05%, combining a base lending rate of 18.89% with an additional reward component of 0.16%. Over the past week, the APY has declined by 9.05%, and over the last month, it has increased by 17.52%, placing the current yield above the 30-day mean of 8.64%. This trend suggests expanding yields for suppliers.

TVL is $59M with a 7-day decline of approximately 2.4%. The primary risk exposure for this pool is depeg risk on the underlying stablecoin EURC, given its single-asset nature. Additionally, the utilization rate influences supply-side rates and borrower demand responsiveness within the lending protocol.

Composed 2026-05-22 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 2.25%; 30-day mean is 3.42%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 53% confidence based on historical patterns.

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