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USDC on Base: Aave v3 at 5.12% observed APY

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The question, made explicit

Object of investigation
USDC supply on Aave v3, Base
Observation
ODEI read the variable on-chain supply APY of the reviewed Base USDC sources it can deposit into. Aave v3 had the highest observed rate of the 5 it read in that block: 5.12% on Nov 9, 2026, 00:23 UTC (block 54967168).
Hypothesis
The Aave v3 USDC rate on Base stays at or above 5.1% APY long enough to be worth a deposit after network fees.
What would invalidate it
The observed rate falls below 2.56% APY, or Aave v3 is no longer a reviewed source.

Starting evidence

1

Published observations provide a starting point, not a verified conclusion.

01

ODEI reviewed source for Aave v3 USDC on Base, market 0xa238dd80c259a72e81d7e4664a9801593f98d1c5. Observed APY: 5.12% at 2026-11-09T00:23:29.000Z (block 54967168).

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