Avantgarde WETH ConservativeV2
A Morpho V2 vault on Ethereum that lends out WETH deposits, curated by Avantgarde. Depositors earn 1.75% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
1.75%
after fees, paid to depositors
30-day APY
1.58%
7-day 1.65%
Deposits
$1.90M
707.07 WETH
Withdrawable now
$1.90M
100% of deposits
Performance fee
10%
of the interest earned
Depositors
9
largest holds 48.1%
Avantgarde WETH Conservative 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% | $1.90M | 100.0% |
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 | 100.0% |
|---|---|
| weETH | 0.0% |
| ETH+ | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 1.87% |
|---|---|
| Last 7 days | 1.65% |
| Last 30 days | 1.58% |
| Since the vault started | 1.79% |
Who controls this vault
| Curator | Avantgarde |
|---|---|
| Owner | 0xA2c3…43eb2-of-5 multisig |
| Timelock to raise a cap | 7 dayswait before more can go into a market |
| Timelock to add an adapter | 3 dayswait before a new kind of investment |
| Timelock to raise fees | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 0can pull money back or cut caps in an emergency |
| Created | January 21, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.7K |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 1.95% |
| Vault contract | 0x132F…c1AD |
| WETH token | 0xC02a…6Cc2 |
| Network | Ethereum |
The curator's description: "The Avantgarde WETH Conservative vault aims to allocate to the most liquid WETH markets across the highest quality collateral."
Largest depositors
9 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x96e2…4407 | $914K | 48.1% |
| 0x72e7…5C0e | $812K | 42.7% |
| 0x4A0F…0C97 | $176K | 9.3% |
| 0x86c1…b8cb | $596 | 0.0% |
| 0x0000…8A90 | $39.00 | <0.01% |
| 0x1121…0a11 | $4.00 | <0.01% |
| 0x8230…3407 | $3.00 | <0.01% |
| 0x6bD2…6d95 | $0 | 0.0% |
| 0x0000…dEaD | $0 | 0.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Avantgarde WETH Conservative
Avantgarde WETH Conservative is a Morpho V2 vault on Ethereum, created on January 21, 2026. It takes WETH deposits and lends them to borrowers in 1 Morpho market. The curator, Avantgarde, decides which markets it may use and how much can go into each.
It holds $1.90M (707.07 WETH) from 9 depositors and pays a net APY of 1.75% after its 10% performance fee. Over the last 30 days depositors actually earned 1.58% a year.
Its largest position is wstETH / WETH at 100% of what it lends. Counting every market, its loans are backed mainly by wstETH (100%). 100% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 7-day timelock on raising caps, which gives depositors time to leave first. The owner is a 2-of-5 multisig wallet. Morpho's app shows no warnings for this vault.
Avantgarde WETH Conservative: quick answers
What is the APY of Avantgarde WETH Conservative on Ethereum?
Avantgarde WETH Conservative pays 1.75% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.58% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Avantgarde WETH Conservative lend against?
It lends WETH through 1 Morpho market. The biggest is wstETH / WETH with 100% of its lending. Overall its loans are backed mainly by wstETH (100%).
Can I withdraw from Avantgarde WETH Conservative right now?
Yes: all of its $1.90M in deposits could be withdrawn immediately, because the markets it lends to have enough unborrowed WETH left. That can change quickly when borrowing picks up.
Who runs Avantgarde WETH Conservative and what does it charge?
Avantgarde 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 Avantgarde WETH Conservative?
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 7-day timelock on raising caps. 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 |