DeFiEarns

Borrow USD Coin (USDC): cheapest DeFi loan rates

94 lending markets for USDC with live borrow APY, the matching supply APY, market size and loan-to-value. Sorted by total borrowed so deep, well-tested markets come first.

0.20%
Cheapest borrow APY on this page
94
Markets
$3.87B
Borrowed, this page
AssetProtocolChain Borrow APY Supply APY Supplied Borrowed ▾ LTV
USDCUSDC Aave V3 Ethereum 4.31% 3.56% $2.38B $2.19B 75% Borrow ↗
USDCUSDC Compound V3 Ethereum 5.44% 4.52% $373.8M $337.9M — Borrow ↗
USDCUSDC Aave V3 Base 4.61% 3.66% $180.8M $159.5M 75% Borrow ↗
USDCUSDC Aave V3 Monad 13.46% 11.55% $163.3M $155.8M 75% Borrow ↗
USDCUSDC Aave V3 Arbitrum 3.60% 2.63% $181.2M $146.8M 75% Borrow ↗
USDCUSDC Dolomite Ethereum 5.15% 6.99% $140.6M $108.2M 85% Borrow ↗
USDCUSDC Kamino Lend Solana 5.40% 3.58% $125.1M $102.6M 80% Borrow ↗
USDCUSDC HyperLend Pooled Hyperliquid 6.81% 5.00% $112.0M $91.4M 62% Borrow ↗
USDCUSDC Kamino Lend Solana 8.01% 6.59% $80.5M $74.1M — Borrow ↗
USDCUSDC Aave V3 Avalanche 5.94% 4.89% $60.7M $55.6M 75% Borrow ↗
USDCUSDC Blend Pools V2 Stellar 12.47% 7.62% $54.0M $43.8M 95% Borrow ↗
USDCUSDC Kamino Lend Solana 5.14% 4.17% $48.1M $43.7M — Borrow ↗
USDCUSDC Venus Core Pool BNB Chain 5.27% 3.71% $38.8M $30.5M 83% Borrow ↗
USDCUSDC Kamino Lend Solana 7.86% 6.51% $30.4M $28.2M — Borrow ↗
USDCUSDC SparkLend Ethereum 4.27% 3.54% $26.8M $24.7M — Borrow ↗
USDCUSDC Tydro Ink 6.30% 4.07% $33.3M $23.9M — Borrow ↗
USDCUSDC Current Sui 3.94% 7.88% $38.9M $23.8M 70% Borrow ↗
USDCUSDC NAVI Lending Sui 7.96% 4.70% $31.5M $21.3M 80% Borrow ↗
USDCUSDC Kamino Lend Solana 4.38% 3.55% $21.0M $19.0M — Borrow ↗
USDCUSDC Aave V3 Polygon 6.28% 3.16% $28.6M $18.0M 70% Borrow ↗
USDCUSDC Save Solana 5.69% 3.54% $21.2M $16.6M 70% Borrow ↗
USDCUSDC Benqi Lending Avalanche 7.20% 5.44% $16.0M $14.3M 80% Borrow ↗
USDCUSDC Aave V3 BNB Chain 4.29% 3.39% $13.7M $12.1M 75% Borrow ↗
USDCUSDC Compound V3 Arbitrum 3.71% 2.86% $14.6M $11.6M — Borrow ↗
USDCUSDC Aave V3 Optimism 3.73% 2.81% $10.9M $9.2M 75% Borrow ↗
USDCUSDC Moonwell Lending Base 13.69%− 0.22% rewards 11.97% $9.3M $9.0M 88% Borrow ↗
USDCUSDC Flux Finance Ethereum 4.92% 4.15% $10.3M $8.7M — Borrow ↗
USDCUSDC Compound V3 Base 5.59% 4.65% $9.5M $8.6M — Borrow ↗
USDCUSDC Euler V2 Avalanche 0.20% 0.18% $7.8M $7.8M — Borrow ↗
USDCUSDC Euler V2 Monad 5.27% 5.35% $9.0M $7.8M — Borrow ↗
USDCUSDC Kamino Lend Solana 3.06% 2.44% $7.9M $7.0M — Borrow ↗
USDCUSDC Euler V2 Monad 4.77% 3.60% $6.2M $5.2M — Borrow ↗
USDCUSDC Save Solana 16.58% 13.13% $5.0M $5.0M 10% Borrow ↗
USDCUSDC Kamino Lend Solana 5.05% 3.90% $5.6M $4.8M 80% Borrow ↗
USDCUSDC Kamino Lend Solana 6.99% 5.66% $5.0M $4.6M — Borrow ↗
USDCUSDC Aave V3 Ethereum 4.61% 3.20% $5.0M $3.9M — Borrow ↗
USDCUSDC Euler V2 Monad 5.50% 6.05% $4.2M $3.8M — Borrow ↗
USDCUSDC Folks Finance Lending Algorand 22.15% 14.78% $4.2M $3.7M 80% Borrow ↗
USDCUSDC Kamino Lend Solana 5.97% 4.77% $4.0M $3.6M — Borrow ↗
USDCUSDC Dolomite Arbitrum 7.91% 4.39% $4.2M $2.9M 87% Borrow ↗
USDCUSDCmints WBTC Fluid Lending Ethereum 0.41% 4.64% $4.0M $2.9M 85% Borrow ↗
USDCUSDC Aave V3 Ethereum 8.58% 7.02% $3.1M $2.8M — Borrow ↗
USDCUSDC Aave V3 Mantle 4.40% 3.58% $3.1M $2.8M — Borrow ↗
USDCUSDC Kamino Lend Solana 3.11% 1.18% $6.3M $2.7M — Borrow ↗
USDCUSDC Euler V2 Ethereum 4.35% 2.90% $3.6M $2.7M — Borrow ↗
USDCUSDC Euler V2 Ethereum 3.62% 2.66% $2.6M $2.1M — Borrow ↗
USDCUSDC Euler V2 Ethereum 15.34% 12.82% $2.1M $1.9M — Borrow ↗
USDCUSDC Aave V3 Linea 5.17% 4.22% $1.6M $1.4M 75% Borrow ↗
USDCUSDC Folks Finance xChain Avalanche 12.91% 10.32% $1.6M $1.4M 80% Borrow ↗
USDCUSDC Compound V3 Polygon 20.74% 0.00% $1.5M $1.4M — Borrow ↗

Want to earn instead? See USDC interest rates for the supply side of these markets plus staking and liquidity pools.

Questions people ask

What is the cheapest rate to borrow USDC?
On this page the lowest borrow APY for USDC is 0.20% at Euler V2 on Avalanche, with $7.8M supplied to the market.
Where can I lend USDC instead?
Supply-side rates for the same markets are on the USDC interest rates page, together with staking and liquidity pool yields.