DeFi and Liquidity-Pool Yields on Base
Base is Coinbase's Ethereum Layer 2 built on the OP Stack, with streamlined onboarding from the Coinbase ecosystem and a fast-growing DeFi landscape. LP yields on Base typically come from trading fees on AMMs, protocol incentives, lending interest, and staking or restaking-linked rewards. Being EVM-compatible, many Ethereum-native strategies and tools port directly.
Common opportunities include volatile-pair AMMs, stablecoin and stableswap pools, LST and LRT pairs, ve(3,3)-style DEXs with emissions and bribe markets, lending and money markets, and structured or perps LP vaults that earn funding and fees. Aggregators may auto-harvest rewards and rebalance positions, while points programs can add non-cash incentives that are not guaranteed.
What to watch: gas and compounding costs, slippage and liquidity depth, and how often rewards can be harvested. Volatile pairs face impermanent loss, while stable and LST pools carry depeg or oracle risk. Incentive emissions and bribe cycles can change quickly; check schedules, lockups, and governance. As an optimistic rollup, Base also has L2 considerations such as sequencer downtime risk, bridge and withdrawal delays, and reliance on L1 finality.
For cost-sensitive LPs, Solana offers structurally low fees, fast finality, and widespread auto-compounding vaults that can reinvest more frequently at minimal cost. Base benefits from EVM tooling and proximity to Ethereum-native liquidity, but frequent rebalancing or small-position compounding can be more economical on Solana. The right venue depends on your strategy, tooling, and operational constraints.
Top protocols on Base
Top Base pools by TVL
| Pool | Protocol | Type | TVL | APY |
|---|---|---|---|---|
| CBBTC The CBBTC lending position on morpho-blue is a single-asset pool with an approximate APY of 0.0%, a total value locked of $2.4B, and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $2.18B | — |
| GTUSDCPStable The GTUSDCP lending position on Morpho-Blue offers a stablecoin investment with an APY of approximately 4.2%, a TVL of around $371.9 million, and no impermanent loss risk. | Morpho Blue ↗ | Lending | $428.25M | 4.2% |
| STEAKUSDCStable The STEAKUSDC lending position on morpho-blue offers an APY of approximately 4.2% with a total value locked of around $155.1 million and no impermanent loss risk. | Morpho Blue ↗ | Lending | $336.77M | 4.2% |
| STEAKUSDCStable The STEAKUSDC lending position on morpho-blue offers an APY of approximately 4.2% with a total value locked of around $466.1 million and no impermanent loss risk. | Morpho Blue ↗ | Lending | $229.93M | 4.0% |
| USDSStable The USDS lending position on spark-savings offers a stablecoin yield of approximately 3.6% APY with a total value locked of around $222.5 million and no impermanent loss risk. | Spark Savings ↗ | Lending | $223.41M | 3.6% |
| STEAKUSDCStable The STEAKUSDC lending position on morpho-blue offers an APY of approximately 3.4% with a total value locked of around $293.6 million and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $218.97M | 3.4% |
| USDEStable | Morpho Blue ↗ | Lending | $196.98M | — |
| CBBTC The CBBTC lending position on Aave V3 offers a 0.0% APY with a total value locked of approximately $145.6 million and no impermanent loss risk. | Aave V3 ↗ | Lending | $140.58M | 0.0% |
| WETH The WETH lending position on morpho-blue (base) has an APY of approximately 0.0%, a total value locked of around $128.9M, and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $125.49M | — |
| RWAUSDIStable The RWAUSDI staking position on multipli.fi offers a stablecoin single-asset yield with an APY of approximately 3.9% and a total value locked of around $114.4 million. | Multipli.fi ↗ | Staking | $123.82M | 3.9% |
| SIRLOINUSDCStable | Morpho Blue ↗ | Lending | $115.73M | 4.9% |
| WETH-USDC The WETH-USDC pool on Uniswap V3 offers an APY of approximately 37.8% with a total value locked of around $128.1 million and carries impermanent loss risk. | Uniswap V3 ↗ | DEX / LP | $98.19M | 77.7% |
| GTUSDCPStable The GTUSDCP lending position on morpho-blue offers a stablecoin yield with an APY of approximately 4.2% and a total value locked of around $81.0 million. | Morpho Blue ↗ | Lending | $92.14M | 4.2% |
| CBXRP The CBXRP lending position on morpho-blue is a single-asset pool with an approximate APY of 0.0%, a total value locked of around $71.6M, and no impermanent loss risk. | Morpho Blue ↗ | Lending | $80.99M | — |
| ETHENAUSDCStable | Morpho Blue ↗ | Lending | $79.83M | 3.1% |
| CBETH The CBETH lending position on Aave V3 has a total value locked of approximately $21 million, with an APY of around 0.0% and no impermanent loss risk. | Aave V3 ↗ | Lending | $65.54M | 0.0% |
| GTUSDAStable The GTUSDA staking position on Gauntlet offers a stablecoin investment with an APY of approximately 4.3%, a total value locked of around $66.8M, and no impermanent-loss risk. | Gauntlet ↗ | Staking | $61.91M | 4.6% |
| WEETH The WEETH staking position on ether.fi-stake offers an approximate 2.8% APY with a total value locked of around $72.4 million and no impermanent loss risk. | Ether.fi Stake ↗ | Staking | $53.49M | 2.3% |
| USDCStable | Centrifuge Protocol ↗ | Staking | $50.13M | 8.0% |
| WEETH The WEETH lending position on Aave V3 has an approximate APY of 0.0%, a total value locked of $61.7 million, and carries no impermanent loss risk. | Aave V3 ↗ | Lending | $44.78M | 0.0% |
| USDC-AERO The USDC-AERO pool on Aerodrome V1 is a multi-asset DEX with an APY of approximately 21.6%, a TVL of around $27.9M, and carries impermanent loss risk. | Aerodrome V1 ↗ | DEX / LP | $33.02M | 36.7% |
| USDCStable This position involves staking USDC on Avantis with an APY of approximately 11.9%, a total value locked of around $45 million, and no impermanent loss risk. | Avantis ↗ | Staking | $30.13M | 9.6% |
| USDCStable The position involves lending USDC on Aave V3 with an APY of approximately 3.1%, a total value locked of about $29.6 million, and no impermanent loss risk. | Aave V3 ↗ | Lending | $29.93M | 3.1% |
| WETH The WETH lending position on Aave V3 offers an APY of approximately 1.6% with a total value locked of around $29.3 million and no impermanent loss risk. | Aave V3 ↗ | Lending | $29.91M | 1.6% |
| BBQUSDCStable The BBQUSDC lending position on morpho-blue offers a stablecoin yield of approximately 6.2% with a total value locked of around $24.8 million and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $28.49M | 5.5% |
| WSTETH The WSTETH lending position on Aave V3 has an approximate APY of 0.0%, a total value locked of around $34.8 million, and no impermanent loss risk. | Aave V3 ↗ | Lending | $27.92M | 0.0% |
| SUPEROETHB The SUPEROETHB staking position on origin-ether offers an approximate 2.1% APY with a total value locked of around $42.5 million and no impermanent loss risk. | Origin Ether ↗ | Staking | $27.52M | 2.6% |
| MSUSD-USDCStable The MSUSD-USDC pool on Aerodrome-Slipstream offers a stablecoin DEX yield position with an APY of approximately 4.3% and a total value locked of around $22.9M. | Aerodrome Slipstream ↗ | DEX / LP | $25.19M | 7.9% |
| WETH-MSETH The WETH-MSETH pool on Aerodrome-Slipstream offers a multi-asset DEX yield position with an APY of approximately 3.0% and a total value locked of around $24.5M. | Aerodrome Slipstream ↗ | DEX / LP | $24.16M | 5.6% |
| JUJUHIHI The JUJUHIHI pool on Balancer V3 is a single-asset DEX position with approximately $23.8 million in total value locked and an APY of around 0.0%. | Balancer V3 ↗ | DEX / LP | $23.84M | — |
| FRUSDCStable The FRUSDC lending position on morpho-blue offers an APY of approximately 4.2% with a total value locked of around $23.8 million and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $23.83M | 4.2% |
| PUSDCStable The PUSDC lending position on morpho-blue offers an APY of approximately 4.2% with a total value locked of around $36.4 million and no impermanent loss risk. | Morpho Blue ↗ | Lending | $22.19M | 3.8% |
| WETH-MSETH The WETH-MSETH pool on Aerodrome V1 offers an APY of approximately 2.7% with a total value locked of around $21.6 million and no impermanent loss risk. | Aerodrome V1 ↗ | DEX / LP | $16.99M | 4.7% |
| WETH-CBBTC The WETH-CBBTC pool on Aerodrome Slipstream offers a multi-asset DEX yield position with an APY of approximately 29.1% and a TVL of around $17.2M, with impermanent loss risk. | Aerodrome Slipstream ↗ | DEX / LP | $15.84M | 16.1% |
| SYRUPUSDCStable The SYRUPUSDC lending position on Aave V3 is a single-asset stablecoin pool with a total value locked of approximately $18.9 million and an APY of around 0.0%. | Aave V3 ↗ | Lending | $14.69M | — |
| EURCStable | Aave V3 ↗ | Lending | $10.96M | 0.8% |
| MORPHO The MORPHO staking position on moonwell-lending offers an APY of approximately 0.1% with a total value locked of around $10.9 million and no impermanent-loss risk. | Moonwell Lending ↗ | Staking | $10.66M | 0.2% |
| USDCStable The USDC staking position on yo-protocol offers an approximate APY of 11.8%, with a total value locked of about $15.9 million and no impermanent loss risk. | Yo Protocol ↗ | Staking | $10.53M | 4.0% |
| USDC-AERO The USDC-AERO yield position on extra-finance-leverage-farming offers an APY of approximately 24.0% with a total value locked of around $10.6M and carries impermanent-loss risk. | Extra Finance Leverage Farming ↗ | Other | $10.27M | 43.8% |
| CBBTC The CBBTC staking position on Moonwell Lending offers an APY of approximately 0.3% with a total value locked of about $8.3 million and no impermanent loss risk. | Moonwell Lending ↗ | Staking | $10.15M | 0.3% |
| WETH-CBBTC The WETH-CBBTC pool on Uniswap V3 has an APY of approximately 7.7%, a total value locked of around $9.3 million, and carries impermanent loss risk. | Uniswap V3 ↗ | DEX / LP | $10.02M | 49.1% |
| CBETH | Morpho Blue ↗ | Lending | $9.85M | — |
| WETH-NORMIE The WETH-NORMIE pool on Sushiswap (Base) has a total value locked of approximately $13.7M, with an APY of around 0.0% and impermanent-loss risk. | Sushiswap ↗ | DEX / LP | $9.72M | — |
| CBBTC The CBBTC lending position on morpho-blue has a total value locked of approximately $10.1M, with an annual percentage yield of around 0.0% and no impermanent loss risk. | Morpho Blue ↗ | Lending | $9.53M | — |
| WSTETH The WSTETH lending position on morpho-blue offers an approximate 0.0% APY with a total value locked of around $9.2 million and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $9.34M | — |
| WETH-USDC The WETH-USDC pool on Aerodrome-Slipstream offers a multi-asset DEX yield with an APY of approximately 48.9% and a total value locked of around $17.2M. | Aerodrome Slipstream ↗ | DEX / LP | $9.32M | 41.3% |
| WETH-USDC The WETH-USDC liquidity pool on Uniswap V3 has an APY of approximately 24.3%, a total value locked of around $14.0M, and carries impermanent loss risk. | Uniswap V3 ↗ | DEX / LP | $9.31M | 38.2% |
| MWUSDCStable The MWUSDC lending position on morpho-blue offers a stablecoin yield of approximately 5.3% APY with a total value locked of around $10.5 million and no impermanent-loss risk. | Morpho Blue ↗ | Lending | $9.29M | 5.4% |
| USDC-B18 The USDC-B18 position on Uniswap V2 offers a 5.4% APY with a total value locked of approximately $10.5 million and carries impermanent loss risk. | Uniswap V2 ↗ | DEX / LP | $9.19M | 3.7% |
| USDC-CBBTC The USDC-CBBTC pool on aerodrome-slipstream offers a multi-asset DEX yield position with an APY of approximately 75.5% and a total value locked of around $14.1M. | Aerodrome Slipstream ↗ | DEX / LP | $9.05M | 50.6% |
Earning on Base? Compare with Solana.
On Solana, fees are a fraction of a cent — so yields compound instead of leaking to gas. WealthVille auto-compounds AI-ranked pools in non-custodial vaults.
Frequently asked questions
How do LPs earn yield on Base?
Yields are primarily from trading fees on AMMs, protocol incentives distributed in reward tokens, lending interest from supplying assets, and in some cases funding fees in perps-related LP vaults. Aggregators may compound these rewards back into the position, and some programs add non-cash points that are not guaranteed.
What risks are specific to Base as an L2?
Beyond standard DeFi risks (smart contract, oracle, IL, depeg), Base has L2 considerations: sequencer downtime or congestion, MEV and transaction ordering risk, bridge and withdrawal delays tied to the rollup’s design, and dependency on Ethereum L1 finality and OP Stack governance or upgrades.
When might Solana be more cost-efficient than Base for LPing?
Solana’s low fees and fast finality can make frequent rebalancing or auto-compounding economical, especially for smaller positions or strategies that benefit from many harvests. Base remains attractive for EVM tooling and Ethereum-native assets, but compounding cadence and gas sensitivity often favor Solana.
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