Extrafi XLend WETH⚠ Deposit disabled
A Morpho vault on Base that lends out WETH deposits, curated by Gauntlet. Depositors earn 1.39% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
1.39%
after fees, paid to depositors
30-day APY
1.38%
7-day 1.38%
Deposits
$556K
206.96 WETH
Withdrawable now
$313K
56% of deposits
Performance fee
10%
of the interest earned
Depositors
479
largest holds 66.0%
Warnings from Morpho
- Deposit disabled
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Extrafi XLend WETH APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| wstETH / WETHLLTV 96.5% | $174K | 31.3% |
| cbBTC / WETHLLTV 91.5% | $144K | 25.9% |
| wstETH / WETHLLTV 94.5% | $137K | 24.6% |
| cbETH / WETHLLTV 94.5% | $59.2K | 10.6% |
| weETH / WETHLLTV 91.5% | $41.5K | 7.4% |
| cbETH / WETHLLTV 96.5% | $696 | 0.1% |
| Idle cashnot lent out | $0 | 0.0% |
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
| wstETH | 55.9% |
|---|---|
| cbBTC | 25.9% |
| cbETH | 10.8% |
| weETH | 7.4% |
| Other | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 1.39% |
|---|---|
| Last 7 days | 1.38% |
| Last 30 days | 1.38% |
| Last year | 1.75% |
| Since the vault started | 1.85% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0x5a4E…d4D04-of-7 multisig |
| Guardian | 0x7084…84cD |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 1addresses that move money between markets |
| Created | December 26, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.7K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 1.55% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x5A32…7a8C |
| WETH token | 0x4200…0006 |
| Network | Base |
The curator's description: "The Extrafi WETH Vault curated by Gauntlet is intended to optimize risk-adjusted yield across high-demand collateral markets on Base."
Largest depositors
479 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xE672…5547 | $367K | 66.0% |
| 0x2b3D…eBeb | $37.6K | 6.8% |
| 0xa7A0…47dF | $11.8K | 2.1% |
| 0x25eb…f2C2 | $11.0K | 2.0% |
| 0x9273…059E | $8.3K | 1.5% |
| 0x3fA6…168d | $6.0K | 1.1% |
| 0x1a79…422E | $6.0K | 1.1% |
| 0x592c…149a | $5.6K | 1.0% |
| 0xb818…Bf17 | $5.3K | 0.9% |
| 0x9D45…0d11 | $5.3K | 0.9% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Extrafi XLend WETH
Extrafi XLend WETH is a MetaMorpho vault (Morpho V1) on Base, created on December 26, 2024. It takes WETH deposits and lends them to borrowers in 6 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $556K (206.96 WETH) from 479 depositors and pays a net APY of 1.39% after its 10% performance fee. Over the last 30 days depositors actually earned 1.38% a year, and 1.75% over the last year.
Its largest position is wstETH / WETH at 31% of what it lends, followed by cbBTC / WETH (26%) and wstETH / WETH (25%). Counting every market, its loans are backed mainly by wstETH (56%), cbBTC (26%) and cbETH (11%). 56% 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. The owner is a 4-of-7 multisig wallet. Morpho's app shows a warning for this vault: deposit disabled.
Extrafi XLend WETH: quick answers
What is the APY of Extrafi XLend WETH on Base?
Extrafi XLend WETH pays 1.39% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.38% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Extrafi XLend WETH lend against?
It lends WETH through 6 Morpho markets. The biggest is wstETH / WETH with 31% of its lending. Overall its loans are backed mainly by wstETH (56%), cbBTC (26%) and cbETH (11%).
Can I withdraw from Extrafi XLend WETH right now?
About $313K of its $556K in deposits (56%) 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 Extrafi XLend WETH and what does it charge?
Gauntlet curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Extrafi XLend WETH?
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. Morpho's app flags: deposit disabled. This is not advice.
Other WETH vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Steakhouse Prime ETHV2Steakhouse Financial · Monad · $45.77M | 2.88%incl. 1.50% rewards |
| Steakhouse ETHSteakhouse Financial · Ethereum · $31.21M | 1.84% |
| Gauntlet WETH PrimeV2Gauntlet · Ethereum · $26.24M | 1.71% |
| Steakhouse Prime ETHV2Steakhouse Financial · Ethereum · $21.33M | 1.87% |
| Vault Bridge WETHGauntlet · Ethereum · $17.36M | 1.65% |
| Uniswap ETHV2Gauntlet · Ethereum · $10.45M | 1.90% |
| Gauntlet WETH PrimeGauntlet · Ethereum · $8.72M | 1.82% |
| Clearstar Core ETHV2Clearstar · Base · $8.53M | 3.50%incl. 2.00% rewards |