risk managerGauntletcomp.xyz
↓Compound Treasury Consolidation: Sources, Methodology and Framework
USDbC reserves from Base v3 exceeding doubled VaR are withdrawn for consolidation, maintaining minimum for market event absorption.
Overview
Bridged USDC (Base)(USDbC)
Token Price$1
24h Change+0.16%
All Time HighOct 7, 2023$1.64
All Time LowOct 17, 2023$0.0008
Key Metrics
Market Cap$7.2m
Fully Diluted Valuation$7.2m
Circ. Supply7.2m USDbC
Volume 24h$1.33m
CEX Volume$0
DEX Volume$1.31m
Risk Timeline
Risk-management actions published about USDbC by tracked risk managers and governance contributors, newest first.
risk managerGauntletcomp.xyz
→Gauntlet Weekly Market Update Sep 21-28 2025
On Base, USDbC borrows saw a minor 0.12% increase to $37.3K amid a 1.47% supply drop, raising utilization to 45.08% with reserves stable.
risk managerGauntletcomp.xyz
→Weekly Market Updates: Base, Optimism, Polygon, Scroll
On Base, USDbC borrows decreased 37.37% to $89.11K despite 2.50% supply rise to $235.62K, cutting utilization to 37.82% while reserves grew averagely 43.13%, yielding positive net protocol profit of $37.66.
risk managerGauntletcomp.xyz
↓Base USDbC Deprecation Recommendations
Interest rate curve adjustments, including a lower kink and steeper slopes, aim to increase borrowing costs and reduce supply incentives, accelerating the market's deprecation by making it less attractive for new TVL.
risk managerGauntletcomp.xyz
→Compound v3 Base USDbC: Collateral Factor Reductions and IR Updates
Gauntlet recommends updating USDbC interest rate curves with a 90% kink to align with current market conditions, lowering supply APR to 1.8% from 2.25% while raising borrow APR to 6.55% from 4.5%.
risk managerGauntletcomp.xyz
→Base Ecosystem Weekly Update: USDC, USDbC, WETH Metrics
USDbC borrows and supply both decreased around 9% to $2.06M and $2.53M respectively, keeping utilization steady at 81%. Reserves grew with average of 16%, yielding positive net protocol profit of $502.66 without COMP rewards.
risk managerGauntletcomp.xyz
↓BASE Comet USDbC incentive and risk recommendations
USDbC circulating supply has declined to 70M amid competition from USDC incentives that have grown USDC liquidity 35x larger, leading to falling TVL in the Comet and doubled incentive costs per balance. Gauntlet recommends removing COMP rewards to align with the ongoing migration to native USDC.
risk managerGauntletcomp.xyz
→USDC Comets: Interest Rate Curve and Reward Adjustments
Base USDbC market sees reward cuts to align with 2% supply APY and 1% borrow APY targets, reflecting demand maturity, alongside the updated IR curve for better utilization handling.
risk managerGauntletcomp.xyz
→Gauntlet Monthly Updates January 2024
Gauntlet published weekly market updates for BASE USDbC, tracking utilization levels, supply cap usage, and market conditions to support ongoing risk monitoring in the Base ecosystem.
risk managerGauntletcomp.xyz
↑Arbitrum v3 USDC Native/USDC.e & Base v3 USDbC interest rate curve adjustments
Utilization at 90% on Base reflects elevated stablecoin borrowing demand driven by DeFi ecosystem expansion and short-term treasury yields exceeding 5%. Adjusting curves with 85% kinks and higher kink APRs to 4.08% supply and 6% borrow supports increased supply without liquidity risks and maintains positive reserves even at full utilization.
Token Usage
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Yields
Showing 10 of 28 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabAERO-USDBC | $228,041 | 9.35% | 13.85% | ||||||
| open in new tabUSDC-USDBC-AXLUSDC-CRVUSD | $168,950 | 6.16% | 0.09% | 4.84% | |||||
| open in new tabUSDC-USDBCUltra Narrow | $127,640 | 5.52% | 0.02% | 5.28% | |||||
| open in new tabGRO98H-USDBC | $93,677 | 143% | 143% | 228% | |||||
| open in new tabUSDC-USDBC-AXLUSDC-CRVUSDCurve | $64,848 | 7.93% | 0.18% | 7.00% | |||||
| open in new tabAERO-USDBCAerodrome | $45,506 | 8.84% | 13.55% | ||||||
| open in new tabUSDC-USDBCAlienbase | $31,942 | 5.10% | 4.85% | ||||||
| open in new tabUSDC-USDBC-AXLUSDC-CRVUSDCurve | $31,893 | 5.93% | 5.40% | ||||||
| open in new tabTBTC-USDBC | $16,591 | 10.23% | 13.72% | ||||||
| open in new tabTBTC-USDBCAerodrome | $10,485 | 9.72% | 13.29% |
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