Metronome msETH Vault
A Morpho vault on Base that lends out msETH deposits, curated by Gauntlet. Depositors earn 0.01% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
0.01%
after fees, paid to depositors
30-day APY
0.03%
7-day 0.02%
Deposits
$8.42M
3.55K msETH
Withdrawable now
$8.39M
100% of deposits
Performance fee
5%
of the interest earned
Depositors
26
largest holds 92.3%
Metronome msETH Vault 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 |
|---|---|---|
| Idle cashnot lent out | $8.41M | 99.6% |
| wsuperOETHb / msETHLLTV 94.5% | $31.8K | 0.4% |
| wstETH / msETHLLTV 94.5% · not listed in the Morpho app | $151 | <0.01% |
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
| Other | 99.6% |
|---|---|
| wsuperOETHb | 0.4% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 0.01% |
|---|---|
| Last 7 days | 0.02% |
| Last 30 days | 0.03% |
| Last year | 1.55% |
| Since the vault started | 1.94% |
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 | October 23, 2024 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | msETHprice $2.4K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 0.01% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x43Cd…26E7 |
| msETH token | 0x7Ba6…8c98 |
| Network | Base |
The curator's description: "The Metronome msETH vault will list a range of liquid collateral markets and continuously optimize risk-adjusted yield across those collateral markets."
Largest depositors
26 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xEa3C…510f | $7.77M | 92.3% |
| 0x96C2…055F | $653K | 7.8% |
| 0xE305…716E | $15.5K | 0.2% |
| 0x82C3…2D03 | $1.1K | 0.0% |
| 0xe346…0454 | $66.00 | <0.01% |
| 0x4985…2b2b | $62.00 | <0.01% |
| 0x4Af7…a16A | $55.00 | <0.01% |
| 0xDe0E…84B4 | $52.00 | <0.01% |
| 0x7cAE…22a8 | $51.00 | <0.01% |
| 0xc938…Fe20 | $43.00 | <0.01% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Metronome msETH Vault
Metronome msETH Vault is a MetaMorpho vault (Morpho V1) on Base, created on October 23, 2024. It takes msETH 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 $8.42M (3.55K msETH) from 26 depositors and pays a net APY of 0.01% after its 5% performance fee. Over the last 30 days depositors actually earned 0.03% a year, and 1.55% over the last year.
Its largest position is wsuperOETHb / msETH at 0% of what it lends, followed by wstETH / msETH (<0.01%). Counting every market, its loans are backed mainly by Other (100%) and wsuperOETHb (0%). 100% 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 no warnings for this vault.
Metronome msETH Vault: quick answers
What is the APY of Metronome msETH Vault on Base?
Metronome msETH Vault pays 0.01% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.03% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Metronome msETH Vault lend against?
It lends msETH through 2 Morpho markets. The biggest is wsuperOETHb / msETH with 0% of its lending. Overall its loans are backed mainly by Other (100%) and wsuperOETHb (0%).
Can I withdraw from Metronome msETH Vault right now?
Yes: all of its $8.42M in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed msETH left. That can change quickly when borrowing picks up.
Who runs Metronome msETH Vault and what does it charge?
Gauntlet curates it. It keeps 5% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Metronome msETH Vault?
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.
