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USDC on Base: Fluid Lending at 5.30% observed APY

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The question, made explicit

Object of investigation
USDC supply on Fluid Lending, Base
Observation
ODEI read the variable on-chain supply APY of the reviewed Base USDC sources it can deposit into. Fluid Lending had the highest observed rate of the 6 it read in that block: 5.30% on Nov 8, 2026, 03:23 UTC (block 54589175).
Hypothesis
The Fluid Lending USDC rate on Base stays at or above 5.3% APY long enough to be worth a deposit after network fees.
What would invalidate it
The observed rate falls below 2.65% APY, or Fluid Lending is no longer a reviewed source.

Starting evidence

1

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

01

ODEI reviewed source for Fluid Lending USDC on Base, market 0xf42f5795d9ac7e9d757db633d693cd548cfd9169. Observed APY: 5.30% at 2026-11-08T03:23:30.000Z (block 54589175).

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