Matic Aave Interest Bearing USDC
MAUSDC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MAUSDC (Matic Aave Interest Bearing USDC) is a legacy, yield-bearing receipt token from Aave's Polygon V2 market that has been superseded by newer Aave V3/V4 deployments and native USDC on Polygon PoS. Active Development lacked sufficient data (-1.0) and was excluded from the weighted score calculation as the asset functions as a passive wrapper without an independent codebase. While the token inherits strong protocol-level governance and rigorous audit history from Aave, MAUSDC itself suffers from severe illiquidity, near-zero trading volume, conflicting tracker data, and significant price discrepancies across platforms. Under the Deprecated/Migrated Token Rule, the token's obsolete status warrants an immediate Avoid recommendation.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Matic Aave Interest Bearing USDC (MAUSDC)
Matic Aave Interest Bearing USDC (MAUSDC) is a deprecated yield-bearing receipt token originating from Aave's V2 deployment on Polygon PoS, which has been superseded by Aave V3 markets and native USDC. The token was created to function as an aToken wrapper representing USDC deposited into Aave's lending pools on Polygon, accruing interest on underlying deposits. Following governance proposal 409, which onboarded native USDC to Aave V3 on Polygon PoS, MAUSDC became a legacy asset with no active standalone development or dedicated codebase.
As a passive DeFi receipt token, MAUSDC does not have its own issuance schedule, independent token utility, or dedicated community channels, instead relying entirely on Aave DAO governance and protocol infrastructure. Market data across tracking platforms remains contradictory, with some aggregators reporting zero circulating supply and volume, while others display figures around 5.74 million tokens, indicating fragmented tracking and an inactive secondary market.
The token carries material liquidity and operational risks due to its deprecation. Trackers report wide price discrepancies ranging from approximately $0.86 to $1.35 alongside near-zero daily trading volume, reflecting stale data or potential redemption constraints. At the protocol level, Aave disclosed a stable rate mode security incident in November 2023 that required disabling the stable rate feature across V2 and V3 markets, and the issuer experienced a USDC-market liquidity stress event in April 2026. Although MAUSDC inherited audited code from Aave's contract implementations, the token remains an obsolete asset with minimal market activity.