---
title: Morpho Moonwell Flagship USDC Compounder
chain: Base
chainId: 8453
address: 0xd5428B889621Eee8060fc105AA0AB0Fa2e344468
token: USDC
tvl: $3.00K
apy_net: 3.62%
url: https://yearn.fi/vaults/8453/0xd5428B889621Eee8060fc105AA0AB0Fa2e344468
source: https://kong.yearn.fi/api/rest/snapshot/8453/0xd5428B889621Eee8060fc105AA0AB0Fa2e344468
canonical_data: https://kong.yearn.fi/api/rest/snapshot/8453/0xd5428B889621Eee8060fc105AA0AB0Fa2e344468
derived_from_kong: true
updated: 2026-05-30T10:15:16.096Z
---

# Morpho Moonwell Flagship USDC Compounder (ysUSDC)

Supplies {{token}} to the corresponding [Meta Morpho](https://app.morpho.org/?network=mainnet) vault earning the underlying yield and auto-compounding all reward tokens.

**URL:** https://yearn.fi/vaults/8453/0xd5428B889621Eee8060fc105AA0AB0Fa2e344468
**Canonical data:** https://kong.yearn.fi/api/rest/snapshot/8453/0xd5428B889621Eee8060fc105AA0AB0Fa2e344468

This markdown is generated live from Kong REST for discovery convenience. Use the canonical JSON snapshot for current APY, TVL, strategy composition, fees, and availability.

## Overview

| Field | Value |
|-------|-------|
| Chain | Base (ID: 8453) |
| Token | USD Coin (USDC) |
| Token Address | `0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913` |
| Vault Address | `0xd5428B889621Eee8060fc105AA0AB0Fa2e344468` |
| API Version | 3.0.4 |
| Kind | N/A |
| TVL | $3.00K |
| Risk Level | 1 |

## Performance

| Period | Net APY/APR |
|--------|-------------|
| Current (net APY) | 3.62% |
| Gross APR | 3.75% |
| 7-day net | 3.62% |
| 30-day net | 31.68% |
| Since inception | 20.05% |

## Fees

| Fee | Rate |
|-----|------|
| Performance | 5.00% |
| Management | 0.00% |

## Strategies

_No strategy data available._