Frequently Asked Questions
What is the current APY for WETH?
The current spot APY for WETH on Morpho (Mainnet) is 1.68%. The 30-day average APY is 1.14%. 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 $602.2K. 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 |
|---|---|---|---|---|
| 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
WETH
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
WETH is a ETH yield strategy on Morpho, curated by Re7. It currently generates 1.68% APY (24h) with a 30-day average of 1.14%. The vault holds $602.2K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Re7 · Mainnet
Market Benchmarking
Within the ETH ecosystem, this product ranks #29 out of 77 strategies. Its 1.68% yield is 0.07pp above the market average of 1.60%. While not the highest available, this strategy outperforms the majority of tracked ETH opportunities.
How WETH Compares
WETH currently ranks #29 among 77 monitored ETH strategies. However, with a TVL of $602.2K, it holds significantly less capital than higher-TVL alternatives like WETH ($138.8M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 5.3% higher than the network average for ETH strategies. This strategy is curated by Re7, with 2 Re7 strategies tracked on Earnbase across 2 networks. Within Morpho, it competes against 15 other ETH strategies. By TVL, this product ranks #34 of 45 ETH strategies on Mainnet.
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 Mainnet#19 of 45
Yield Sustainability
Yield has deviated meaningfully from its 30-day baseline, with a 46.5% gap between the current rate and the historical mean.
Yield Trajectory
WETH has been on a 11-day flat streak, with APY rising from 1.68% to 1.68% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have increased by 2.3%. The strongest 7-day period was Jun 26–Jul 02 averaging 1.68%, while the weakest was Jun 05–Jun 11 at 1.06%. Current 24h APY of 1.68% is 16.1% above the product's own 30-day average.
Weekly yields have improved for 3 consecutive weeks, with the most recent 7-day average of 1.68% representing a sustained weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 204 days, WETH's yield has shown a stable trend, with yields expanding from 1.48% to 1.54%, a 3.8% increase. The sustainability score of 44/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 204 days, WETH's total value locked has experienced a contraction, declining from $3.6M to $895.6K, a 75.4% reduction.
History
FAQ
Yield & Performance
WETH on Morpho offers a 24-hour APY of 1.68%, a 30-day average of 1.14% on ETH. Yields are variable and update daily based on protocol activity.
WETH ranks #29 out of 77 monitored ETH strategies. Its current yield of 1.68% is 4.6% above the market average of 1.60%.
Earnbase rates the yield sustainability of WETH at 44/100, classified as "Low Stability". Yield has deviated meaningfully from its 30-day baseline, with a 46.5% gap between the current rate and the historical mean.
Over the past 204 days, WETH has shown a stable yield trajectory. The average APY moved from 1.48% to 1.54%.
WETH has a yield volatility rating of "Moderate" (standard deviation: 1.28pp over 204 days). The APY has ranged from 0.00% to 9.03% in the tracked period, with an average of 1.68%.
Liquidity & TVL
WETH currently has a total value locked (TVL) of $602.2K in ETH deposits.
WETH holds $602.2K in ETH deposits. Across all 77 tracked ETH strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $602.2K places it within the broader spectrum of ETH opportunities tracked on Earnbase.
By total value locked, WETH ranks #34 of 45 ETH strategies on Mainnet. It currently holds $602.2K.
WETH's TVL is currently declining. Over the past 204 days, TVL moved from $3.6M to $895.6K, a -75.4% change. The 30-day high was $4.2M and the 30-day low was $529.1K.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. 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 8 days of inflows and 10 days of outflows. The largest single-day inflow was +$47.9K (Jun 14, 2026) and the largest outflow was -$67.6K (Jun 12, 2026). Net 30-day TVL change: -12.5%.
Strategy & Access
WETH operates on the Mainnet 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 Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
WETH ranks among 45 monitored ETH strategies on Mainnet. Its yield of 1.68% is 5.3% above the Mainnet average of 1.59%.
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 Mainnet network.
For illustrative purposes only. Based on the current 1.68% 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