Moonwell Lending · Base

USDC

Overview

The Moonwell Lending USDC pool on Base is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. Moonwell routes borrowing demand against pooled USDC liquidity and pays suppliers from the resulting interest spread, generating yield for depositors. Total APY of 5.26% combines base lending with an additional reward layer. The 7-day trend is down -0.29%, while the 30-day trend shows a gain of 0.17%. This places the current rate below the 30-day mean of 4.94%. TVL stands at $1.63M with no reported change over the past week; primary exposure is depeg risk on the underlying stablecoin. Utilisation in this pool typically aligns with standard levels for similar lending arrangements, ensuring sufficient liquidity and borrower demand.

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 4.18%; 30-day mean is 5.72%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 84% confidence based on historical patterns.

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