TermMax · Ethereum

USDC (Ellen Capital USDC Prime)

Overview

The TermMax USDC on Ethereum is a single-asset lending position where suppliers earn variable interest on stablecoin deposits through the Ellen Capital USDC Prime pool. The protocol generates yield by routing borrowing demand against pooled USDC liquidity and paying suppliers from the resulting interest spread. Total APY stands at 3.25%, with no additional reward layer. Over the past seven days, the rate trended down by 0.43% but has increased by 3.25% over the last thirty days, placing it above the 30-day mean of 2.90%. TVL is $1M and shows stability with no recent change noted. The primary exposure here is depeg risk on the underlying stablecoin USDC. Given its status as a single-asset stablecoin pool, this lending position offers liquidity depth typical for such pools within the TermMax protocol category.

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 6.73%; 30-day mean is 4.26%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 67% confidence based on historical patterns.

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