Extrafi XLend WETH on Base
⚠ Deposits switched offA Morpho vault on Base that lends out WETH deposits, curated by Gauntlet. Depositors earn 1.33% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
1.33%
after fees, paid to depositors
30-day APY
1.41%
7-day 1.28%, from the share price
Deposits
$131K
65.16 WETH
Withdrawable now
$51.7K
39% of deposits
Performance fee
10%
of the interest earned
Depositors
459
largest holds 24.7%
Warnings from Morpho
- Deposits switched off
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, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| cbBTC / WETHLLTV 91.5% | $84.9K | 56.1% |
| wstETH / WETHLLTV 96.5% | $66.4K | 43.9% |
| weETH / WETHLLTV 91.5% | $0 | 0.0% |
| cbETH / WETHLLTV 96.5% | $0 | 0.0% |
| cbETH / WETHLLTV 94.5% | $0 | 0.0% |
| wstETH / WETHLLTV 94.5% | $0 | 0.0% |
| 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
| cbBTC | 56.4% |
|---|---|
| wstETH | 43.6% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.31% |
|---|---|
| Last 7 days | 1.28% |
| Last 30 days | 1.41% |
| Last 90 days | 1.38% |
| Last year | 1.71% |
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 $2.0K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 1.48% |
| 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
459 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x2b3D…eBeb | $32.4K | 24.7% |
| 0xa7A0…47dF | $10.2K | 7.8% |
| 0x25eb…f2C2 | $9.5K | 7.2% |
| 0x9273…059E | $7.2K | 5.5% |
| 0x1a79…422E | $5.2K | 4.0% |
| 0x592c…149a | $4.8K | 3.6% |
| 0x9D45…0d11 | $4.6K | 3.5% |
| 0xb818…Bf17 | $4.5K | 3.5% |
| 0x1b65…6bCB | $4.3K | 3.3% |
| 0x19D5…26eC | $3.7K | 2.8% |
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 2 Morpho markets. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $131K (65.16 WETH) from 459 depositors and pays a net APY of 1.33% after its 10% performance fee. Over the last 30 days depositors actually earned 1.41% a year, and 1.71% over the last year.
Its largest position is cbBTC / WETH at 56% of its deposits, followed by wstETH / WETH (44%). Counting every market, its loans are backed mainly by cbBTC (56%) and wstETH (44%). 39% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, 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: deposits switched off.
Extrafi XLend WETH: quick answers
What is the APY of Extrafi XLend WETH on Base?
Extrafi XLend WETH pays 1.33% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.41% 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 2 Morpho markets. The biggest is cbBTC / WETH with 56% of its deposits. Overall its loans are backed mainly by cbBTC (56%) and wstETH (44%).
Can I withdraw from Extrafi XLend WETH right now?
About $51.7K of its $131K in deposits (39%) 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. Adding a market or raising a cap waits behind a timelock of 3 days. Morpho's app flags: deposits switched off. This is not advice.
Other WETH vaults
The same deposit asset, other curators and networks
