Moonwell Flagship ETH
Morpho · Base
Frequently Asked Questions
What is the current APY for Moonwell Flagship ETH?
The current spot APY for Moonwell Flagship ETH on Morpho (Base) is 1.66%. The 30-day average APY is 1.73%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Moonwell Flagship ETH?
The total value locked (TVL) in Moonwell Flagship ETH is $7.4M. TVL measures the total ETH assets currently deposited in this vault.
Does the Moonwell Flagship ETH yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Which network is Moonwell Flagship ETH deployed on?
Moonwell Flagship ETH is deployed on Base. Network choice affects transaction costs, settlement speed, and which protocols are available. On-chain APY figures on Earnbase are calculated from exchange rate data on Base directly.
Compare with Other ETH Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| WSTETH | Morpho | Mainnet | 6.69% | $4.4M |
| WETH Autopilot | Harvest | Base | 5.93% | $1.3M |
| Gami ETH | Lagoon | Ethereum | 5.80% | $181.4K |
| Swaap Lend Vault | Euler | Mainnet | 4.92% | $809.6K |
| stETH Looping | IPOR Fusion | Ethereum | 4.67% | $5.6M |
| Pool | IPOR Fusion | Base | 4.66% | $111.2K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 3.75% | $23.6K |
| Autopool | Tokemak | Mainnet | 3.60% | $8.4M |
| DeTrade Core ETH | Lagoon | Base | 3.52% | $107.0K |
| yoETH Looper | IPOR Fusion | Mainnet | 3.05% | $13.7K |
More Morpho Strategies
Moonwell Flagship ETH
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
Moonwell Flagship ETH is a ETH yield strategy on Morpho (Base). It currently generates 1.66% APY (24h) with a 30-day average of 1.73%. The vault holds $7.4M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Morpho · Base
Market Benchmarking
Within the ETH ecosystem, this product ranks #30 out of 77 strategies. Its 1.66% yield is 0.06pp above the market average of 1.60%. While not the highest available, this strategy outperforms the majority of tracked ETH opportunities.
How Moonwell Flagship ETH Compares
Moonwell Flagship ETH currently ranks #30 among 77 monitored ETH strategies. However, with a TVL of $7.4M, it holds significantly less capital than higher-TVL alternatives like WETH ($138.8M).
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 18.0% higher than the network average for ETH strategies. Within Morpho, it competes against 15 other ETH strategies. By TVL, this product ranks #5 of 27 ETH strategies on Base.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 16 strategies on Morpho.
ETH on Base#8 of 27
Yield Sustainability
The 24h APY of 1.66% is nearly identical to the 30-day mean, with only a 3.8% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
Moonwell Flagship ETH has been on a 3-day downward streak, with APY falling from 1.70% to 1.66% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 1.6%. The strongest 7-day period was Jun 12–Jun 18 averaging 1.80%, while the weakest was Jun 26–Jul 02 at 1.70%. Current 24h APY of 1.66% is 4.8% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 1.70%.
Weekly Breakdown
Historical APY Statistics
Over the past 205 days, Moonwell Flagship ETH's yield has shown a upward trend, with yields expanding from 1.72% to 2.15%, a 25.3% increase. The sustainability score of 95/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 205 days, Moonwell Flagship ETH's total value locked has experienced a contraction, declining from $20.3M to $9.1M, a 55.4% reduction.
History
FAQ
Yield & Performance
Moonwell Flagship ETH on Morpho offers a 24-hour APY of 1.66%, a 30-day average of 1.73% on ETH. Yields are variable and update daily based on protocol activity.
Moonwell Flagship ETH ranks #30 out of 77 monitored ETH strategies. Its current yield of 1.66% is 3.9% above the market average of 1.60%.
Earnbase rates the yield sustainability of Moonwell Flagship ETH at 95/100, classified as "Very Stable". The 24h APY of 1.66% is nearly identical to the 30-day mean, with only a 3.8% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 205 days, Moonwell Flagship ETH has shown an upward yield trajectory. The average APY moved from 1.72% to 2.15%.
Moonwell Flagship ETH has a yield volatility rating of "Moderate" (standard deviation: 1.11pp over 205 days). The APY has ranged from 0.97% to 8.88% in the tracked period, with an average of 1.95%.
Liquidity & TVL
Moonwell Flagship ETH currently has a total value locked (TVL) of $7.4M in ETH deposits.
Moonwell Flagship ETH holds $7.4M in ETH deposits. Across all 77 tracked ETH strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $7.4M places it within the broader spectrum of ETH opportunities tracked on Earnbase.
By total value locked, Moonwell Flagship ETH ranks #5 of 27 ETH strategies on Base. It currently holds $7.4M.
Moonwell Flagship ETH's TVL is currently declining. Over the past 205 days, TVL moved from $20.3M to $9.1M, a -55.4% change. The 30-day high was $25.2M and the 30-day low was $6.5M.
Both yield and TVL are declining, and depositors may be exiting in response to falling returns. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, Moonwell Flagship ETH had 16 days of inflows and 13 days of outflows. The largest single-day inflow was +$733.1K (Jun 14, 2026) and the largest outflow was -$1.2M (Jun 12, 2026). Net 30-day TVL change: -13.2%.
Strategy & Access
Moonwell Flagship ETH operates on the Base network and is managed by Morpho. It accepts ETH deposits.
To deposit into Moonwell Flagship ETH, you need ETH tokens on the Base network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Moonwell Flagship ETH ranks among 27 monitored ETH strategies on Base. Its yield of 1.66% is 18.0% above the Base average of 1.41%.
Moonwell Flagship ETH is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that Moonwell Flagship ETH operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Base network.
For illustrative purposes only. Based on the current 1.66% on-chain APY for ETH. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Morpho before depositing.
Deposit Asset