Index Coop hyETH on Ethereum
A Morpho vault on Ethereum that lends out WETH deposits, curated by Gauntlet. Depositors earn 2.60% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
2.60%
after fees, paid to depositors
30-day APY
1.80%
7-day 1.72%, from the share price
Deposits
$1.31M
651.30 WETH
Withdrawable now
$1.31M
100% of deposits
Performance fee
10%
of the interest earned
Depositors
38
largest holds 72.8%
Index Coop hyETH 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 |
|---|---|---|
| wstETH / WETHLLTV 96.5% | $1.72M | 100.0% |
| 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
| wstETH | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.82% |
|---|---|
| Last 7 days | 1.72% |
| Last 30 days | 1.80% |
| Last 90 days | 1.68% |
| Last year | 2.23% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0xC684…fAec4-of-7 multisig |
| Guardian | 0x7084…84cD |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses 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 | 2.90% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x7019…E4ef |
| WETH token | 0xC02a…6Cc2 |
| Network | Ethereum |
The curator's description: "The Index Coop High Yield ETH Index (hyETH) is a Gauntlet curated vault that optimizes risk-adjusted yield for ETH holders by allocating deposits across high-yield lending opportunities. Gauntlet uses its expertise to actively manage allocations, targeting diverse markets with stable yields above the Lido staking rate. Deposit into the vault via the Index Coop App Site for optimal performance."
Largest depositors
38 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x91f7…6a23 | $955K | 72.8% |
| 0xc450…99Ee | $383K | 29.2% |
| 0x2D53…aB75 | $181K | 13.8% |
| 0xB757…a9b5 | $71.6K | 5.5% |
| 0x8c2F…17e3 | $63.5K | 4.8% |
| 0xb43A…fec5 | $38.6K | 2.9% |
| 0x28d2…6d02 | $14.3K | 1.1% |
| 0x3E38…0402 | $10.0K | 0.8% |
| 0x54ff…f6e6 | $3.8K | 0.3% |
| 0xD0a4…De38 | $2.4K | 0.2% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Index Coop hyETH
Index Coop hyETH is a MetaMorpho vault (Morpho V1) on Ethereum, created on December 26, 2024. It takes WETH deposits and lends them to borrowers in 1 Morpho market. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $1.31M (651.30 WETH) from 38 depositors and pays a net APY of 2.60% after its 10% performance fee. Over the last 30 days depositors actually earned 1.80% a year, and 2.23% over the last year.
Its largest position is wstETH / WETH at 100% of its deposits. Counting every market, its loans are backed mainly by wstETH (100%). 100% 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 no warnings for this vault.
Index Coop hyETH: quick answers
What is the APY of Index Coop hyETH on Ethereum?
Index Coop hyETH pays 2.60% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.80% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Index Coop hyETH lend against?
It lends WETH through 1 Morpho market. The biggest is wstETH / WETH with 100% of its deposits. Overall its loans are backed mainly by wstETH (100%).
Can I withdraw from Index Coop hyETH right now?
Yes: all of its $1.31M 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 Index Coop hyETH 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 Index Coop hyETH?
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. This is not advice.
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