WETH
Morpho · Curated by Re7 · Base
Frequently Asked Questions
What is the current APY for WETH?
The current spot APY for WETH on Morpho (Base) is 1.57%. The 30-day average APY is 1.70%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in WETH?
The total value locked (TVL) in WETH is $83.9K. TVL measures the total ETH assets currently deposited in this vault.
Does the WETH 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.
Who curates WETH?
WETH is curated by Re7. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by Re7 on the Re7 curator page on Earnbase.
Compare with Other ETH Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| WETH Lend Pool | Arcadia | Base | 14.84% | $103.8K |
| Arcadia - Lend Autocompounder | Harvest | Base | 12.02% | $121.7K |
| ETH Looping | IPOR Fusion | Mainnet | 9.21% | $2.5M |
| WETH (Alterscope) | Euler | Base | 9.04% | $15.4K |
| stETH Looping | IPOR Fusion | Mainnet | 6.14% | $5.5M |
| Swaap Lend Vault | Euler | Mainnet | 4.92% | $809.6K |
| Pool | IPOR Fusion | Base | 4.13% | $131.7K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 3.75% | $1.3K |
| Morpho Gauntlet WETH Prime Compounder | Yearn V2 | Mainnet | 3.51% | $795.7K |
| Autopool | Tokemak | Mainnet | 3.33% | $20.0M |
More Morpho Strategies
WETH
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Yield Overview
WETH is a ETH yield strategy on Morpho, curated by Re7. It currently generates 1.57% APY (24h) with a 30-day average of 1.70%. The vault holds $83.9K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Re7 · Base
Market Benchmarking
Within the ETH ecosystem, this product ranks #47 out of 80 strategies. Its 1.57% yield is 21.4% lower than the market average of 1.99%.
How WETH Compares
WETH currently ranks #47 among 80 monitored ETH strategies. However, with a TVL of $83.9K, it holds significantly less capital than higher-TVL alternatives like WETH ($79.7M).
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 38.4% lower than the network average for ETH strategies. This strategy is curated by Re7, with 13 Re7 strategies tracked on Earnbase across 4 networks. Within Morpho, it competes against 18 other ETH strategies. By TVL, this product ranks #25 of 28 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 105 strategies on Morpho.
ETH on Base#15 of 28
Yield Sustainability
The 24h APY of 1.57% is nearly identical to the 30-day mean, with only a 7.9% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
WETH recorded a 24h APY of 1.57% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 1.3%. The strongest 7-day period was Mar 14–Mar 20 averaging 1.82%, while the weakest was Mar 28–Apr 03 at 1.62%. Current 24h APY of 1.57% is 8.4% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 1.62%.
Weekly Breakdown
Historical APY Statistics
Over the past 121 days, WETH's yield has shown a upward trend, with yields expanding from 1.49% to 1.79%, a 20.3% increase. The sustainability score of 91/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 121 days, WETH's total value locked has experienced a contraction, declining from $224.6K to $110.7K, a 50.7% reduction.
History
FAQ
Yield & Performance
WETH on Morpho offers a 24-hour APY of 1.57%, a 30-day average of 1.70% on ETH. Yields are variable and update daily based on protocol activity.
WETH ranks #47 out of 80 monitored ETH strategies. Its current yield of 1.57% is 21.4% below the market average of 1.99%.
Earnbase rates the yield sustainability of WETH at 91/100, classified as "Very Stable". The 24h APY of 1.57% is nearly identical to the 30-day mean, with only a 7.9% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 121 days, WETH has shown an upward yield trajectory. The average APY moved from 1.49% to 1.79%.
WETH has a yield volatility rating of "Moderate" (standard deviation: 0.69pp over 121 days). The APY has ranged from 1.19% to 5.48% in the tracked period, with an average of 1.88%.
Liquidity & TVL
WETH currently has a total value locked (TVL) of $83.9K in ETH deposits.
WETH holds $83.9K in ETH deposits. Across all 80 tracked ETH strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $83.9K places it within the broader spectrum of ETH opportunities tracked on Earnbase.
By total value locked, WETH ranks #25 of 28 ETH strategies on Base. It currently holds $83.9K.
WETH's TVL is currently declining. Over the past 121 days, TVL moved from $224.6K to $110.7K, a -50.7% change. The 30-day high was $257.6K and the 30-day low was $81.4K.
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, WETH had 13 days of inflows and 15 days of outflows. The largest single-day inflow was +$12.7K (Mar 17, 2026) and the largest outflow was -$34.3K (Mar 26, 2026). Net 30-day TVL change: -29.7%.
Strategy & Access
WETH operates on the Base network and is managed by Morpho. It accepts ETH deposits. The strategy is curated by Re7.
To deposit into WETH, you need ETH tokens on the Base network. Visit the Morpho platform directly to connect your wallet and make a deposit.
WETH ranks among 28 monitored ETH strategies on Base. Its yield of 1.57% is 38.4% below the Base average of 2.54%.
WETH 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 WETH 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 1.57% 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.
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