Best ETHAPY | Track & Compare On-Chain Yield

Earnbase derives APY from each vault's on-chain exchange rate. This measures the actual growth of deposited ETH over time, based on the vault's smart contract data. Unlike some aggregators, Earnbase does not include external reward incentives, points programs, or token emissions in the displayed APY. The rates shown reflect native vault performance only.

While ETH is a blue-chip crypto asset, the protocols generating yield carry smart contract risk. Higher APYs may indicate newer protocols, lower liquidity, or more aggressive lending parameters. Each listing on Earnbase includes TVL and a yield sustainability score to help assess risk. Always verify directly with the protocol before depositing.

Earnbase currently tracks 79 ETH yield strategies across 3 networks from 29 platforms. The largest coverage is on Morpho (18), Euler (9), and Aave (7). New strategies are added as they meet inclusion criteria.

ETH APY varies significantly across platforms and networks. On Earnbase, tracked strategies range from under 1% to over 23%. Native staking yields around 3-4% serve as a baseline. Rates above that involve restaking, leveraged strategies, or liquidity provision, each with additional risk. The average APY across all tracked ETH strategies provides a useful benchmark, shown on each vault's detail page.

Yes. Earnbase tracks ETH strategies on Ethereum (50 strategies), Base (28), and Monad (1). Use the network filter tabs above the table to compare APY rates on a specific chain. Each network has different gas costs, bridge requirements, and liquidity depth.

No. Earnbase is a free yield data aggregator. There are no fees for using the tracker or accessing yield data. Earnbase does not hold or manage funds. Links to individual vaults direct you to the protocol's own interface where you can deposit or withdraw.

Staking yield comes from Ethereum's proof-of-stake consensus, earned by validators for securing the network. Lending yield comes from borrowers paying interest to use deposited ETH. Some strategies combine both by lending liquid staking tokens like wstETH, earning staking rewards plus borrowing interest simultaneously.

ETH yield strategies produce more ETH, not more dollars. A 5% APY means 5% more ETH over a year. The dollar value of that return depends on ETH's price, which can move significantly. This is fundamentally different from stablecoin yields where APY directly represents dollar returns.

Leveraged strategies include IPOR Fusion looping vaults and Gearbox leveraged positions. These amplify yield by recursively borrowing and re-depositing, but they also carry liquidation risk during sharp price movements. Non-leveraged strategies like Aave lending or Morpho curated vaults do not use leverage.

ETH lending rates rise when more traders want to borrow ETH for short positions, leverage, or arbitrage. During volatile markets, borrowing demand spikes and rates increase. During quiet periods, demand drops and rates compress. This makes ETH lending APY inherently more cyclical than stablecoin lending.