WETH Prime
Morpho · Curated by Gauntlet · Mainnet
Frequently Asked Questions
What is the current APY for WETH Prime?
The current spot APY for WETH Prime on Morpho (Mainnet) is 1.60%. The 30-day average APY is 1.75%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in WETH Prime?
The total value locked (TVL) in WETH Prime is $59.4M. TVL measures the total ETH assets currently deposited in this vault.
Does the WETH Prime 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 Prime?
WETH Prime is curated by Gauntlet. 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 Gauntlet on the Gauntlet curator page on Earnbase.
Compare with Other ETH Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| WETH Lend Pool | Arcadia | Base | 12.18% | $116.3K |
| Tanken WETH Base | IPOR Fusion | Base | 12.11% | $47.6K |
| Arcadia - Lend Autocompounder | Harvest | Base | 9.76% | $122.3K |
| ETH Looping | IPOR Fusion | Mainnet | 9.16% | $2.5M |
| stETH Looping | IPOR Fusion | Mainnet | 6.49% | $5.5M |
| Swaap Lend Vault | Euler | Mainnet | 4.92% | $809.6K |
| Pool | IPOR Fusion | Base | 4.11% | $132.2K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 3.75% | $1.3K |
| WETH (Alterscope) | Euler | Base | 3.58% | $16.9K |
| Morpho Gauntlet WETH Prime Compounder | Yearn V2 | Mainnet | 3.53% | $795.1K |
More Morpho Strategies
WETH Prime
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Yield Overview
WETH Prime is a ETH yield strategy on Morpho, curated by Gauntlet. It currently generates 1.60% APY (24h) with a 30-day average of 1.75%. The vault holds $59.4M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Mainnet
Market Benchmarking
Within the ETH ecosystem, this product ranks #43 out of 80 strategies. Its 1.60% yield is 20.0% lower than the market average of 2.00%.
How WETH Prime Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 10.2% lower than the network average for ETH strategies. This strategy is curated by Gauntlet, with 37 Gauntlet strategies tracked on Earnbase across 5 networks. Within Morpho, it competes against 18 other ETH strategies. By TVL, this product ranks #17 of 48 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 105 strategies on Morpho.
ETH on Mainnet#27 of 48
Yield Sustainability
The 24h APY of 1.60% is nearly identical to the 30-day mean, with only a 8.7% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
WETH Prime recorded a 24h APY of 1.60% 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 increased by 2.1%. The strongest 7-day period was Mar 14–Mar 20 averaging 1.98%, while the weakest was Mar 21–Mar 27 at 1.56%. Current 24h APY of 1.60% is 9.1% below the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 1.59% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 119 days, WETH Prime's yield has shown a upward trend, with yields expanding from 1.72% to 1.82%, a 6.0% increase. The sustainability score of 90/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 119 days, WETH Prime's total value locked has experienced a growth phase, growing from $40.1M to $46.8M, a 16.6% increase.
History
FAQ
Yield & Performance
WETH Prime on Morpho offers a 24-hour APY of 1.60%, a 30-day average of 1.75% on ETH. Yields are variable and update daily based on protocol activity.
WETH Prime ranks #43 out of 80 monitored ETH strategies. Its current yield of 1.60% is 20.0% below the market average of 2.00%.
Earnbase rates the yield sustainability of WETH Prime at 90/100, classified as "Very Stable". The 24h APY of 1.60% is nearly identical to the 30-day mean, with only a 8.7% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 119 days, WETH Prime has shown an upward yield trajectory. The average APY moved from 1.72% to 1.82%.
WETH Prime has a yield volatility rating of "Moderate" (standard deviation: 0.71pp over 119 days). The APY has ranged from 1.25% to 5.13% in the tracked period, with an average of 2.07%.
Liquidity & TVL
WETH Prime currently has a total value locked (TVL) of $59.4M in ETH deposits.
WETH Prime holds $59.4M in ETH deposits. Across all 80 tracked ETH strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $59.4M places it within the broader spectrum of ETH opportunities tracked on Earnbase.
By total value locked, WETH Prime ranks #17 of 48 ETH strategies on Mainnet. It currently holds $59.4M.
WETH Prime's TVL is currently on an upward trajectory. Over the past 119 days, TVL moved from $40.1M to $46.8M, a +16.6% change. The 30-day high was $79.7M and the 30-day low was $30.8M.
Yields are declining as more capital enters the vault, a common dynamic where increased deposits dilute per-depositor 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 Prime had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$15.8M (Apr 05, 2026) and the largest outflow was -$6.3M (Mar 08, 2026). Net 30-day TVL change: +10.1%.
Strategy & Access
WETH Prime operates on the Mainnet network and is managed by Morpho. It accepts ETH deposits. The strategy is curated by Gauntlet.
To deposit into WETH Prime, you need ETH tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
WETH Prime ranks among 48 monitored ETH strategies on Mainnet. Its yield of 1.60% is 10.2% below the Mainnet average of 1.78%.
WETH Prime 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 Prime 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 1.60% 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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