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Morpho Watch

WETH on Morpho

Wrapped Ether (WETH) on Morpho, on every network: $211.4M in 33 vaults, $230.5M lent in 33 markets, $229.8M posted as collateral in 14 markets. Rates differ between vaults and markets because each has its own borrowers, collateral and curator.

Data from Morpho's API · updated

Best vault net APY

5.73%

Re7 WETH

Best market supply APY

3.58%

against savETH, Ethereum

Cheapest to borrow

1.42%

against wstETH, OP Mainnet

Posted as collateral

$229.8M

14 markets

Earn on WETH: vaults

Deposit WETH and a curator lends it out for you. Net APY is after the curator's fee.

Vaults that take WETH
Vault Deposits Net APY 30-day APY Fee Withdrawable
Steakhouse Prime ETHV2Steakhouse Financial · Monad · $45.77M $45.77M17.04K WETH 2.88%incl. 1.50% rewards 1.40% 10% $4.90M
Steakhouse ETHSteakhouse Financial · Ethereum · $31.21M $31.21M11.62K WETH 1.84% 1.67% 5% $10.26M
Gauntlet WETH PrimeV2Gauntlet · Ethereum · $26.24M $26.24M9.77K WETH 1.71% 1.68% 0% $3.56M
Steakhouse Prime ETHV2Steakhouse Financial · Ethereum · $21.33M $21.33M7.94K WETH 1.87% 1.65% 5% $9.15M
Vault Bridge WETHGauntlet · Ethereum · $17.36M $17.36M6.46K WETH 1.65% 1.49% 5% $11.99M
Uniswap ETHV2Gauntlet · Ethereum · $10.45M $10.45M3.89K WETH 1.90% 1.76% 0% $6.61M
Gauntlet WETH PrimeGauntlet · Ethereum · $8.72M $8.72M3.25K WETH 1.82% 1.67% 5% $8.72M
Clearstar Core ETHV2Clearstar · Base · $8.53M $8.53M3.18K WETH 3.50%incl. 2.00% rewards 1.52% 0% $1.20M
Galaxy WETH QualityV2Galaxy Curation · Ethereum · $5.37M $5.37M2.00K WETH 1.46% 1.46% 0%+0.2% a year $1.79M
MEV Capital wETHMEV Capital · Ethereum · $5.02M $5.02M1.87K WETH 1.75% 1.58% 10% $5.02M
Moonwell Flagship ETHAnthias Labs · Base · $4.30M $4.30M1.60K WETH 1.60%incl. 0.12% rewards 1.41% 15% $1.22M
KPK ETH PrimeV2KPK · Ethereum · $2.90M $2.90M1.08K WETH 1.87% 1.85% 0% $518K
Re7 WETHV2RE7 Labs · OP Mainnet · $2.67M $2.67M995.81 WETH 5.73%incl. 4.59% rewards 1.24% 10% $293K
Gauntlet LRT CoreGauntlet · Ethereum · $2.60M $2.60M966.24 WETH 1.75% 1.58% 10% $2.56M
KPK ETH YieldV2KPK · Ethereum · $2.58M $2.58M962.14 WETH 3.17% 2.97% 0% $408K
Steakhouse Prime ETHV2Steakhouse Financial · Base · $2.49M $2.49M926.76 WETH 1.46% 1.47% 5% $791K
Gauntlet WETH BalancedV2Gauntlet · Base · $2.07M $2.07M768.90 WETH 1.55% 1.71% 0% $904K
Index Coop hyETHGauntlet · Ethereum · $2.02M $2.02M750.20 WETH 1.75% 1.58% 10% $2.02M
Kabu WETHV2Api3 · Base · $1.95M $1.95M727.65 WETH 1.43% 1.10% 5% $791K
Avantgarde WETH ConservativeV2Avantgarde · Ethereum · $1.90M $1.90M707.07 WETH 1.75% 1.58% 10% $1.90M
Yearn OG WETHYearn · Ethereum · $1.75M $1.75M651.90 WETH 1.77% 1.65% 5% $1.75M
Gauntlet WETH BalancedV2Gauntlet · Ethereum · $1.27M $1.27M472.78 WETH 1.95% 1.76% 0% $1.02M
Re7 WETH⚠ Deposit disabledRE7 Labs · Ethereum · $774K $774K288.04 WETH 1.30% 0.25% 20% $774K
Extrafi XLend WETH⚠ Deposit disabledGauntlet · Base · $556K $556K206.96 WETH 1.39% 1.38% 10% $313K
Gauntlet WETH CoreGauntlet · Base · $526K $526K195.78 WETH 1.83% 1.75% 10% $357K
Gauntlet WETH⚠ Deposit disabledGauntlet · Unichain · $354K $354K131.99 WETH 5.26% 4.74% 10% $221K
Compound WETH⚠ Deposit disabledGauntlet · Polygon · $268K $268K99.76 WETH <0.01% <0.01% 10% $267K
SingularV ETHV2SingularV · Ethereum · $153K $153K56.99 WETH 1.76% 1.58% 10% $153K
SingularV ETHSingularV · Ethereum · $126K $126K46.89 WETH 1.44% 1.33% 10% $105K
Clearstar ETH ReactorClearstar · Base · $107K $107K39.70 WETH 1.63% 1.86% 8% $55.1K
Steakhouse ETH⚠ Deposit disabledSteakhouse Financial · Base · $53.5K $53.5K19.93 WETH 0.00% 0.00% 5% $53.5K
RockawayX wETHV2RockawayX · Ethereum · $2.3K $2.3K0.839 WETH 2.32% 1.62% 5% $0
UltraYield WETH CoreV2UltraYield · Ethereum · $0 $00 WETH 0.00% 0.00% 0% $0

Borrow WETH: markets

Markets that lend out WETH, each against one kind of collateral.

Markets that lend WETH
Market Supplied Supply APY Borrowed Borrow APY Utilization
wstETH / WETHEthereum · LLTV 96.5% $96.39M35.88K WETH 2.01% $87.24M$95.51M collateral 2.22% 90.5%
wstETH / WETHMonad · LLTV 94.5% $47.85M17.82K WETH 1.54%+1.50% rewards $42.95M$47.50M collateral 1.71% 89.8%
wstETH / WETHEthereum · LLTV 94.5% $33.07M12.31K WETH 1.62% $29.39M$32.77M collateral 1.82% 88.9%
weETH / WETHEthereum · LLTV 94.5% $19.98M7.44K WETH 1.95% $18.07M$20.07M collateral 2.16% 90.4%
cbETH / WETHBase · LLTV 94.5% $11.84M4.41K WETH 1.49% $10.64M$12.01M collateral 1.66% 89.9%
wstETH / WETHBase · LLTV 94.5% $7.89M2.94K WETH 1.54% $7.10M$7.94M collateral 1.71% 90.0%
savETH / WETHEthereum · LLTV 91.5% $4.19M1.56K WETH 3.58% $3.79M$5.26M collateral 3.98% 90.3%
wstETH / WETHOP Mainnet · LLTV 94.5% $2.68M997.47 WETH 1.26% $2.39M$2.69M collateral 1.42% 89.1%
weETH / WETHBase · LLTV 94.5% $1.43M532.61 WETH 2.39% $1.31M$1.62M collateral 2.62% 91.5%
rETH / WETHEthereum · LLTV 94.5% $997K371.21 WETH 2.02% $897K$2.69M collateral 2.24% 90.0%
wstETH / WETHUnichain · LLTV 96.5% $863K321.34 WETH 6.75% $687K$722K collateral 8.55% 79.6%
weETH / WETHBase · LLTV 91.5% $740K275.31 WETH 1.55% $555K$623K collateral 2.07% 75.1%
wstETH / WETHBase · LLTV 96.5% $440K163.98 WETH 1.54% $396K$443K collateral 1.71% 89.9%
cbBTC / WETHBase · LLTV 91.5% $322K120.04 WETH 1.54% $291K$496K collateral 1.71% 90.2%
LsETH / WETHEthereum · LLTV 86% $298K110.99 WETH 0.31% $271K$414K collateral 0.34% 90.7%
wsuperOETHb / WETHBase · LLTV 91.5% $287K106.79 WETH 3.06% $262K$298K collateral 3.35% 91.5%
yoETH / WETHBase · LLTV 91.5% $265K98.57 WETH 1.69% $216K$291K collateral 2.07% 81.7%
WBTC / WETHEthereum · LLTV 91.5% $209K77.85 WETH 0.20% $85.3K$241K collateral 0.48% 40.8%
cbBTC / WETHEthereum · LLTV 91.5% $201K74.78 WETH 0.02% $62.6K$116K collateral 0.05% 31.2%
rETH / WETHBase · LLTV 94.5% $160K59.49 WETH 1.92% $142K$178K collateral 2.16% 88.6%
VVV / WETHBase · LLTV 62.5% $103K38.42 WETH 1.06% $103K$243K collateral 1.06%−3.50% rewards 100.0%
ezETH / WETHEthereum · LLTV 94.5% $94.0K35.00 WETH 4.97% $69.6K$73.8K collateral 6.78% 74.1%
cbBTC / WETHEthereum · LLTV 91.5% $69.0K25.70 WETH 1.96% $62.3K$80.4K collateral 2.17% 90.3%
USDC / WETHBase · LLTV 86% $43.7K16.27 WETH 1.15% $42.1K$65.8K collateral 1.19% 96.4%
wstETH / WETHEthereum · LLTV 94.5% $42.1K15.68 WETH 1.65% $37.8K$45.7K collateral 1.84% 89.7%
cbETH / WETHBase · LLTV 96.5% $41.4K15.43 WETH 1.65% $37.4K$48.1K collateral 1.83% 90.1%
MORPHO / WETHBase · LLTV 77% $26.9K10.00 WETH 0.42% $26.9K$91.2K collateral 0.42%−3.50% rewards 100.0%
VIRTUAL / WETHBase · LLTV 77% $6.7K2.50 WETH 0.46% $6.7K$15.3K collateral 0.46%−3.50% rewards 100.0%
weETH / WETHEthereum · LLTV 86% $2.9K1.09 WETH 0.09% $2.6K$50.8K collateral 0.10% 89.5%
ETH+ / WETHEthereum · LLTV 94.5% $2.3K0.842 WETH 2.40% $2.3K$3.3K collateral 2.40% 100.0%
pufETH / WETHEthereum · LLTV 86% $2.1K0.788 WETH 53.18% $1.6K$2.8K collateral 76.91% 74.9%
cbHYPE / WETHBase · LLTV 77% $1.7K0.633 WETH 3.47% $1.6K$3.2K collateral 3.63%−3.50% rewards 95.8%
AERO / WETHBase · LLTV 77% $1.1K0.412 WETH 0.11% $995$2.7K collateral 0.12%−3.50% rewards 90.0%

Borrow against WETH

Markets that accept WETH as collateral. The LLTV is the loan-to-value at which a loan can be liquidated.

Markets that accept WETH as collateral
Market Supplied Supply APY Borrowed Borrow APY Utilization
WETH / USDCBase · LLTV 86% $99.06M99.07M USDC 4.32% $88.82M$210.8M collateral 4.83% 89.7%
WETH / USDCEthereum · LLTV 86% $8.62M8.62M USDC 4.74% $7.79M$16.44M collateral 5.26% 90.4%
WETH / EURCBase · LLTV 86% $502K440.81K EURC 1.96% $389K$1.06M collateral 2.53% 77.5%
WETH / USDTEthereum · LLTV 86% $286K286.12K USDT 4.33% $260K$602K collateral 4.78% 90.8%
WETH / USDCArbitrum · LLTV 86% $164K163.53K USDC 2.38% $129K$350K collateral 3.03% 79.0%
WETH / USDT0Arbitrum · LLTV 86% $74.4K74.45K USDT0 2.10% $52.8K$138K collateral 2.98% 70.9%
WETH / tGBPEthereum · LLTV 86% $49.2K37.14K tGBP 1.00% $44.3K$118K collateral 1.11% 90.0%
WETH / USDCUnichain · LLTV 86% $40.7K40.70K USDC 9.25% $37.0K$101K collateral 10.22% 90.9%
WETH / EURCEthereum · LLTV 86% $31.1K27.30K EURC 2.30% $25.1K$87.2K collateral 2.86% 80.7%
WETH / USDCOP Mainnet · LLTV 86% $16.7K16.69K USDC 4.50% $15.1K$51.0K collateral 4.98% 90.7%
WETH / AUSDMonad · LLTV 86% $16.3K16.30K AUSD 1.33%+0.57% rewards $14.4K$37.5K collateral 1.51% 88.2%
WETH / USDCMonad · LLTV 86% $19.2K19.16K USDC 2.35%+0.14% rewards $14.2K$31.6K collateral 3.19% 73.9%
WETH / mUSDMonad · LLTV 86% $6.7K6.68K mUSD 2.88% $4.7K$13.4K collateral 4.15% 69.8%
WETH / USDSEthereum · LLTV 86% $4.4K4.39K USDS 14.29% $4.0K$9.5K collateral 15.66% 91.8%

WETH on Morpho: quick answers

Where can I earn the most on WETH on Morpho?

Re7 WETH on OP Mainnet pays 5.73% net APY, the most among WETH vaults with at least $1M deposited. The largest WETH vault, Steakhouse Prime ETH, pays 2.88%.

Where is it cheapest to borrow WETH on Morpho?

Borrowing WETH against wstETH on OP Mainnet costs 1.42% a year, the lowest among markets with at least $250K available.

Can I borrow against WETH on Morpho?

Yes: 14 markets accept WETH as collateral, with liquidation LTVs up to 86.0%. The largest is WETH / USDC on Base, where borrowers pay 4.83%.

Which networks is WETH on Morpho available on?

Monad, Ethereum, Base, OP Mainnet, Unichain, Polygon and Arbitrum.

Borrowing against WETH? Check your numbers with the liquidation price calculator. More assets on the assets page.