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USDC on Base: Compound v3 at 5.94% observed APY

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Object of investigation
USDC supply on Compound v3, Base
Observation
ODEI read the variable on-chain supply APY of 7 reviewed Base USDC sources in one block. Compound v3 read 5.94% at Nov 2, 2026, 22:38:59 UTC (block 53434896).
Hypothesis
The Compound v3 USDC rate on Base stays at or above 5.9% APY long enough to be worth a deposit after costs.
What would invalidate it
The observed rate falls below 2.97% APY, or Compound v3 is no longer a reviewed source.

Starting evidence

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

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