WSTETH
Morpho · Curated by Steakhouse · Mainnet
Frequently Asked Questions
What is the current APY for WSTETH?
The current spot APY for WSTETH on Morpho (Mainnet) is 6.69%. The 30-day average APY is 2.33%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in WSTETH?
The total value locked (TVL) in WSTETH is $4.4M. TVL measures the total ETH assets currently deposited in this vault.
Does the WSTETH 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 WSTETH?
WSTETH is curated by Steakhouse. 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 Steakhouse on the Steakhouse curator page on Earnbase.
Compare with Other ETH Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| WETH Autopilot | Harvest | Base | 5.93% | $1.3M |
| Gami ETH | Lagoon | Ethereum | 5.80% | $180.7K |
| Swaap Lend Vault | Euler | Mainnet | 4.92% | $809.6K |
| Pool | IPOR Fusion | Base | 4.63% | $110.5K |
| stETH Looping | IPOR Fusion | Mainnet | 4.61% | $5.6M |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 3.75% | $23.6K |
| Autopool | Tokemak | Mainnet | 3.60% | $8.4M |
| DeTrade Core ETH | Lagoon | Base | 3.52% | $106.5K |
| yoETH Looper | IPOR Fusion | Mainnet | 3.05% | $13.7K |
| ETH Looping | IPOR Fusion | Mainnet | 2.92% | $285.8K |
More Morpho Strategies
WSTETH
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Yield Overview
WSTETH is a ETH yield strategy on Morpho, curated by Steakhouse. It currently generates 6.69% APY (24h) with a 30-day average of 2.33%. The vault holds $4.4M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Steakhouse · Mainnet
Market Benchmarking
Within the ETH ecosystem, this product ranks #1 out of 77 strategies. Its 6.69% yield is 318.5% higher than the market average of 1.60%.
How WSTETH Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 303.6% higher than the network average for ETH strategies. Currently the highest-yielding ETH opportunity on Mainnet among 46 tracked products. This strategy is curated by Steakhouse, with 2 Steakhouse strategies tracked on Earnbase across 2 networks. Within Morpho, it competes against 15 other ETH strategies. By TVL, this product ranks #25 of 46 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#1 of 46
Yield Sustainability
An extreme 187.0% deviation from the historical average suggests the current yield level is unlikely to persist. This pattern is often driven by temporary incentive programs, one-off events, or rapid capital reallocation.
Yield Trajectory
WSTETH has been on a 11-day flat streak, with APY rising from 6.69% to 6.69% 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 53.2%. The strongest 7-day period was Jun 26–Jul 02 averaging 6.69%, while the weakest was Jun 12–Jun 18 at 3.18%. Current 24h APY of 6.69% is 45.6% above the product's own 30-day average.
Weekly yields have improved for 2 consecutive weeks, with the most recent 7-day average of 6.69% representing a sustained weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 204 days, WSTETH's yield has shown a upward trend, with yields expanding from 0.85% to 2.32%, a 172.4% increase. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 204 days, WSTETH's total value locked has experienced a contraction, declining from $7.4M to $4.7M, a 36.4% reduction.
History
FAQ
Yield & Performance
WSTETH on Morpho offers a 24-hour APY of 6.69%, a 30-day average of 2.33% on ETH. Yields are variable and update daily based on protocol activity.
WSTETH ranks #1 out of 77 monitored ETH strategies. Its current yield of 6.69% is 318.5% above the market average of 1.60%.
Earnbase rates the yield sustainability of WSTETH at 10/100, classified as "Very Low Stability". An extreme 187.0% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 204 days, WSTETH has shown an upward yield trajectory. The average APY moved from 0.85% to 2.32%.
WSTETH has a yield volatility rating of "Moderate" (standard deviation: 1.80pp over 204 days). The APY has ranged from 0.30% to 7.40% in the tracked period, with an average of 1.55%.
Liquidity & TVL
WSTETH currently has a total value locked (TVL) of $4.4M in ETH deposits.
WSTETH holds $4.4M in ETH deposits. Across all 77 tracked ETH strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $4.4M places it within the broader spectrum of ETH opportunities tracked on Earnbase.
By total value locked, WSTETH ranks #25 of 46 ETH strategies on Mainnet. It currently holds $4.4M.
WSTETH's TVL is currently declining. Over the past 204 days, TVL moved from $7.4M to $4.7M, a -36.4% change. The 30-day high was $9.4M and the 30-day low was $2.9M.
Rising yields have attracted capital, with both APY and TVL trending upward over the past 30 days. 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, WSTETH had 10 days of inflows and 8 days of outflows. The largest single-day inflow was +$865.0K (Jun 13, 2026) and the largest outflow was -$1.1M (Jun 12, 2026). Net 30-day TVL change: +7.7%.
Strategy & Access
WSTETH operates on the Mainnet network and is managed by Morpho. It accepts ETH deposits. The strategy is curated by Steakhouse.
To deposit into WSTETH, you need ETH tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
Yes, WSTETH offers the highest ETH yield on Mainnet at 6.69% APY.
WSTETH 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 WSTETH 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 6.69% 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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