USDC lending sUSDC
Hilbert FinanceUSDCSepolia
Overview
TVL
Share pricepar per sUSDC
APY 30DNet of fees
Withdrawal notice
About this vault
sUSDC takes real USDC directly, open to anyone — no KYB required to deposit. The USDC goes straight to the treasury and is lent out alongside the same book that backs USDb. Income is marked every business day at 09:00 CET and raises the share price, net of a 10% performance fee, charged on every update.
ExitsPaid from the treasury once it funds the queue
Deposits open toAnyone (build decision, needs sign-off before mainnet)
What backs itThe same book as USDb — see Transparency
How it works
This vault holds no USDC itself: deposits go straight to the Treasury Safe, and the vault only tracks how much of that treasury is owed to depositors. The treasury lends that money out alongside the collateral behind USDb, and every business day the two products split that day’s income in proportion to the money they each hold. What backs the combined book is on the Transparency page, since it is shared with USDb.