Frequently Asked Questions
What is the current APY for wstETH Vault?
The current spot APY for wstETH Vault on Gearbox (Mainnet) is 0.06%. The 30-day average APY is 0.07%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in wstETH Vault?
The total value locked (TVL) in wstETH Vault is $6.9M. TVL measures the total ETH assets currently deposited in this vault.
Does the wstETH Vault 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 Vault?
wstETH Vault is curated by kpk. 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 kpk on the kpk curator page on Earnbase.
Compare with Other ETH Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| WETH Lend Pool | Arcadia | Base | 39.72% | $13.7K |
| Arcadia - Lend Autocompounder | Harvest | Base | 35.49% | $24.0K |
| stETH Looping | IPOR Fusion | Ethereum | 6.20% | $6.4M |
| Pool | IPOR Fusion | Base | 5.83% | $135.2K |
| ETH Reactor | Morpho | Base | 5.74% | $354.2K |
| Flagship ETH | Lagoon | Mainnet | 4.96% | $4.9M |
| Swaap Lend Vault | Euler | Mainnet | 4.92% | $809.6K |
| WETH Autopilot | Harvest | Base | 4.16% | $1.2M |
| Gami ETH | Lagoon | Ethereum | 3.86% | $279.7K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 3.75% | $1.7K |
wstETH Vault
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
wstETH Vault is a ETH yield strategy on Gearbox, curated by kpk. It currently generates 0.06% APY (24h) with a 30-day average of 0.07%. The vault holds $6.9M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by kpk · Mainnet
Market Benchmarking
Within the ETH ecosystem, this product ranks #56 out of 77 strategies. Its 0.06% yield is 97.6% lower than the market average of 2.50%.
How wstETH Vault Compares
wstETH Vault currently ranks #56 among 77 monitored ETH strategies. However, with a TVL of $6.9M, it holds significantly less capital than higher-TVL alternatives like wstETH (Lido Market) ($93.6M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 95.8% lower than the network average for ETH strategies. This strategy is curated by kpk, with 2 kpk strategies tracked on Earnbase. Within Gearbox, it competes against 1 other ETH strategy. By TVL, this product ranks #25 of 45 ETH strategies on Mainnet.
About Gearbox
Gearbox is a DeFi protocol offering yield strategies tracked by Earnbase. Earnbase tracks 2 strategies on Gearbox.
ETH on Mainnet#32 of 45
Yield Sustainability
The 24h APY of 0.06% is nearly identical to the 30-day mean, with only a 8.4% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
wstETH Vault has been on a 6-day flat streak, with APY rising from 0.06% to 0.06% 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 7.7%. The strongest 7-day period was Apr 28–May 04 averaging 0.07%, while the weakest was May 12–May 18 at 0.06%. Current 24h APY of 0.06% is 8.6% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 0.06%.
Weekly Breakdown
Historical APY Statistics
Over the past 165 days, wstETH Vault's yield has shown a upward trend, with yields expanding from 0.00% to 0.09%, a 1714.1% increase. The sustainability score of 90/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 165 days, wstETH Vault's total value locked has experienced a contraction, declining from $31.6M to $6.2M, a 80.4% reduction.
History
FAQ
Yield & Performance
wstETH Vault on Gearbox offers a 24-hour APY of 0.06%, a 30-day average of 0.07% on ETH. Yields are variable and update daily based on protocol activity.
wstETH Vault ranks #56 out of 77 monitored ETH strategies. Its current yield of 0.06% is 97.6% below the market average of 2.50%.
Earnbase rates the yield sustainability of wstETH Vault at 90/100, classified as "Very Stable". The 24h APY of 0.06% is nearly identical to the 30-day mean, with only a 8.4% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 165 days, wstETH Vault has shown an upward yield trajectory. The average APY moved from 0.00% to 0.09%.
wstETH Vault has a yield volatility rating of "Low" (standard deviation: 0.05pp over 165 days). The APY has ranged from 0.00% to 0.15% in the tracked period, with an average of 0.06%.
Liquidity & TVL
wstETH Vault currently has a total value locked (TVL) of $6.9M in ETH deposits.
wstETH Vault holds $6.9M in ETH deposits. Across all 77 tracked ETH strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $6.9M places it within the broader spectrum of ETH opportunities tracked on Earnbase.
By total value locked, wstETH Vault ranks #25 of 45 ETH strategies on Mainnet. It currently holds $6.9M.
wstETH Vault's TVL is currently declining. Over the past 165 days, TVL moved from $31.6M to $6.2M, a -80.4% change. The 30-day high was $35.7M and the 30-day low was $3.2M.
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, wstETH Vault had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$214.2K (May 09, 2026) and the largest outflow was -$295.9K (Apr 25, 2026). Net 30-day TVL change: -1.8%.
Strategy & Access
wstETH Vault operates on the Mainnet network and is managed by Gearbox. It accepts ETH deposits. The strategy is curated by kpk.
To deposit into wstETH Vault, you need ETH tokens on the Mainnet network. Visit the Gearbox platform directly to connect your wallet and make a deposit.
wstETH Vault ranks among 45 monitored ETH strategies on Mainnet. Its yield of 0.06% is 95.8% below the Mainnet average of 1.44%.
wstETH Vault is deployed on Gearbox's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Gearbox is the DeFi protocol infrastructure that wstETH Vault 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 0.06% 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 Gearbox before depositing.
Deposit Asset