Coinbase's new 7.02% APY High Yield USDC vault matches Robinhood Earn's 7% campaign, but the two use different subsidy structures built on Morpho and Steakhouse-curated vaults.

Nearly 6,000 users have interacted with SteakhouseFi's Morpho-based yield vaults on Robinhood Chain, signaling strong early adoption for Robinhood Earn's

Coinbase's new 7.02% APY High Yield USDC vault matches Robinhood Earn's 7% campaign, but the two use different subsidy structures built on Morpho and Steakhouse-curated vaults.