USDC (Aave V3)

Aave V3 · Ethereum · Lending

Updated 6h ago

Rate

Base: 3.59%
Incentive: 1.67%
Fee: n/a
Total: 5.26%

Base 3.5859% · Incentive 1.6700%

32% of current APY comes from token incentives.

Reward assets: REWARD

Liquidity

TVL: $58,299,741
30D change: -12.0%

Risk

Higher observed risk · High evidence confidence

A recent unresolved exploit or incident is on record.
An emergency pause authority exists with broad scope.

Risk methodology

Historical yield

Current: 5.26%
30D median: 5.02%
30D range: 4.72% to 14.5%
30D trend: +0.2%

Loading history

Loading 30-day APY history…

Lending market

Supplied: $39,334,884
Borrowed: $31,285,242
Available: $13,844,348
Utilization: 69.32%
Supply APY: 2.68%
Borrow APY: 4.33%
Base rate: 2.68%
30d utilization: +4.1 pp
Borrow demand: Moderate

Rate verification

DefiLlama: 5.25%
Protocol native: 2.68%
Difference: 2.58 pp
Confidence: weak

Where the yield comes from

The reported yield primarily comes from borrower interest paid into this lending market. Separately reported token incentives account for 1.67 percentage points of the current APY.

What can reduce the rate

Yield may fall if borrowing demand decreases or token incentives are reduced.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Watch

A recent unresolved exploit or incident is on record.
An emergency pause authority exists with broad scope.
Oracle appears to rely on a single manipulable source.
Recent unresolved exploit or material incident reported.

Strengths

Substantial persistent liquidity on record.
Thirty-day observation history available.
Verified protocol and market identity.

Risk dimensions

Principal risks

A recent unresolved exploit or incident is on record.
An emergency pause authority exists with broad scope.
Oracle appears to rely on a single manipulable source.
Recent unresolved exploit or material incident reported.

Exposure

Exposure type: Single asset
Assets: USDC

User deposits USDC. Funds enter Aave V3 on ethereum. Aave V3 depends on Chainlink oracle. Contracts are upgradeable or governance-controlled. USDC introduces Circle and banking partners custodian exposure. Exit via withdrawal from lending market.

Exit conditions

Flexible withdrawal is typical for lending markets unless a lockup is reported.

Some product terms are currently incomplete.

Qualification notes

Meets Yield.ly's current requirements for default discovery where qualified. Learn how qualification works

Incentive-heavy yield
A large share of this rate comes from token incentives, which can change quickly and may depend on the reward token market value.
Risk flag
Recent unresolved exploit or material incident reported.

Data sources

Source observed: Sep 17, 2026, 4:22 AM UTC
Yield.ly refresh: Sep 17, 2026, 4:25 AM UTC
Data generated: Sep 17, 2026, 4:37 AM UTC

DefiLlama · total APY, base APY, reward APY, TVL
CoinGecko · token icon

How data works · Source registry · Report a data issue

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Share opportunity

5.2558% · Aave V3 · Ethereum. Not investment advice.

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