Lend and earn yields up to 7%* on USDC

When you deposit USDC into the Exactly Protocol, your funds are added to a lending pool on the Base blockchain. Borrowers draw from that pool and pay interest on what they borrow. The yield generated by that borrowing activity is what gets passed back to you as earnings.

Yes, your USDC leaves the Uphold Wallet. When you deposit assets into the Exactly Protocol, you are instructing Uphold to transfer your funds to the protocol on your behalf. These assets move off the Uphold platform and are held within the protocol's smart contracts.

You could generate yields up to 7%^* by lending USDC.  

_{*Based on reasonable assumptions and beliefs in light of the information available at the time the statement is made. Funds are deposited to, and yields are paid by, the Exactly Protocol, a decentralized protocol on the Base blockchain. Financial forecasts, even those presented with numerical specificity, are estimates based on subjective and variable assumptions that are inherently subject to material uncertainties, risks, and other changes in circumstances that are difficult to predict. Actual results may differ materially from any stated projections, and there is no guarantee of returns unless your funds are borrowed. Past results do not predict future results. Uphold cannot guarantee future performance and undertakes no obligation to assess the veracity of any stated projections. Users are cautioned not to rely on these projections when making a decision regarding Exa Earn.}

_{Yield is variable and not guaranteed. Returns depend on protocol performance and network activity. Past performance does not guarantee future results.}

If there is a high credit demand, you may not be able to withdraw all of your funds. In that circumstance, the interest rate increases, which means you are earning at a higher rate. You can withdraw your assets at any time as long as there is available (unborrowed) liquidity in the asset pool. A withdrawal of funds may be subject to gas fees that reduce the relevant returns.

Rewards generated by Earn may be considered taxable income. Review our General U.S. crypto tax facts, but always speak with a certified tax professional for advice tailored to your specific situation.

Exactly Protocol is a decentralized, non-custodial and open-source protocol built on Base. It connects people seeking returns with people who want to borrow crypto. When you deposit crypto, your funds go into a shared pool that borrowers can access. Borrowers pay interest to use the assets in the pool. That interest is shared with everyone who deposits. Uphold does not control or manage the protocol.