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Morpho Watch

Clearstar ETH Reactor

A Morpho vault on Base that lends out WETH deposits, curated by Clearstar. Depositors earn 1.63% a year right now after a 8% performance fee.

Data from Morpho's API · updated

Net APY

1.63%

after fees, paid to depositors

30-day APY

1.86%

7-day 1.95%

Deposits

$107K

39.70 WETH

Withdrawable now

$55.1K

52% of deposits

Performance fee

8%

of the interest earned

Depositors

653

largest holds 20.0%

Open in the Morpho app ↗Earnings calculator

Clearstar ETH Reactor APY history

Net APY earned each day, measured from the vault's share price

Deposits over time

Where the money goes

The markets this vault lends to right now, largest first

MarketLentShareSupply APYUtilizationCap
yoETH / WETHLLTV 91.5% $100K 93.8% 1.69% 81.7% $8.07M
wsuperOETHb / WETHLLTV 91.5% $6.5K 6.1% 3.06% 91.5% $2.69M
wstETH / WETHLLTV 94.5% $154 0.1% 1.54% 90.0% $13.46M
rETH / WETHLLTV 94.5% $3.00 <0.01% 1.92% 88.6% $8.07M
cbETH / WETHLLTV 94.5% $0 0.0% 1.49% 89.9% $13.46M
Idle cashnot lent out $0 0.0% – – No limit
wstETH / WETHLLTV 96.5% $0 0.0% 1.54% 89.9% $2.69M
USDC / WETHLLTV 86% $0 0.0% 1.15% 96.4% $13.46M
weETH / WETHLLTV 94.5% $0 0.0% 2.39% 91.5% $8.07M
cbBTC / WETHLLTV 91.5% $0 0.0% 1.54% 90.2% $13.46M

The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.

What the loans are backed by

Share of this vault's lending by the collateral borrowers put up

yoETH93.8%
wsuperOETHb6.1%
wstETH0.1%
rETH<0.01%
cbETH0.0%
Other0.0%
USDC0.0%
weETH0.0%
cbBTC0.0%

Returns over time

Net APY actually earned over each period, from the share price

Last day1.63%
Last 7 days1.95%
Last 30 days1.86%
Last year2.79%
Since the vault started2.78%

Who controls this vault

CuratorClearstar
Owner0x3098…3458
Guardian0x1bB2…8458
Timelock3 dayswait before risky changes take effect
Allocators0addresses that move money between markets
CreatedAugust 11, 2025

Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.

Details

Deposit assetWETHprice $2.7K
Vault versionMetaMorpho (V1)
APY before fees1.77%
Public allocatorOnborrowers can pull liquidity between this vault's markets
Vault contract0x0983…1C53
WETH token0x4200…0006
NetworkBase

The curator's description: "The Clearstar ETH Reactor vault optimizes ETH yields with automated rebalancing and a real-time risk engine powered by Hypernative to immedtialy reduce exposure to collaterals that may be at risk of getting exploited. The vault is also expected to benefit from points campaigns and incentives provided by some of the collateral issuers."

Largest depositors

653 addresses hold shares in this vault

AddressDepositShare of vault
0xc418…1B83$21.4K20.0%
0x4E17…8AcD$14.2K13.3%
0xCA02…887D$8.3K7.8%
0x3D6d…5629$7.7K7.3%
0x0e7a…66D2$7.2K6.8%
0xB6D6…16Bb$6.5K6.1%
0xCaCB…7193$4.8K4.5%
0x8B51…a72E$3.9K3.7%
0x7B38…703a$3.3K3.1%
0xcD6f…E62A$2.8K2.6%

When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.

About Clearstar ETH Reactor

Clearstar ETH Reactor is a MetaMorpho vault (Morpho V1) on Base, created on August 11, 2025. It takes WETH deposits and lends them to borrowers in 4 Morpho markets. The curator, Clearstar, decides which markets it may use and how much can go into each.

It holds $107K (39.70 WETH) from 653 depositors and pays a net APY of 1.63% after its 8% performance fee. Over the last 30 days depositors actually earned 1.86% a year, and 2.79% over the last year.

Its largest position is yoETH / WETH at 94% of what it lends, followed by wsuperOETHb / WETH (6%) and wstETH / WETH (0%). Counting every market, its loans are backed mainly by yoETH (94%), wsuperOETHb (6%) and wstETH (0%). 52% of deposits could be withdrawn right now.

Risky changes, such as adding a market, wait behind a 3-day timelock, which gives depositors time to leave first. Morpho's app shows no warnings for this vault.

Clearstar ETH Reactor: quick answers

What is the APY of Clearstar ETH Reactor on Base?

Clearstar ETH Reactor pays 1.63% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.86% over the last 30 days. The rate changes every day with what its borrowers pay.

What does Clearstar ETH Reactor lend against?

It lends WETH through 4 Morpho markets. The biggest is yoETH / WETH with 94% of its lending. Overall its loans are backed mainly by yoETH (94%), wsuperOETHb (6%) and wstETH (0%).

Can I withdraw from Clearstar ETH Reactor right now?

About $55.1K of its $107K in deposits (52%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.

Who runs Clearstar ETH Reactor and what does it charge?

Clearstar curates it. It keeps 8% of the interest earned as a performance fee. The net APY shown is after these fees.

What are the risks of Clearstar ETH Reactor?

Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Changes to it wait behind a 3-day timelock. This is not advice.

Other WETH vaults

The same deposit asset, other curators and networks

All WETH options →
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