Re7 WETH on Ethereum
⚠ Deposits switched offA Morpho vault on Ethereum that lends out WETH deposits, curated by RE7 Labs. Depositors earn 2.31% a year right now after a 20% performance fee.
Data from Morpho's API · updated
Net APY
2.31%
after fees, paid to depositors
30-day APY
1.62%
7-day 1.53%, from the share price
Deposits
$578K
286.85 WETH
Withdrawable now
$578K
100% of deposits
Performance fee
20%
of the interest earned
Depositors
174
largest holds 46.2%
Warnings from Morpho
- Deposits switched off
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Re7 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 |
|---|---|---|
| wstETH / WETHLLTV 94.5% | $671K | 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 | 1.67% |
|---|---|
| Last 7 days | 1.53% |
| Last 30 days | 1.62% |
| Last 90 days | 0.63% |
| Last year | 1.07% |
Who controls this vault
| Curator | RE7 Labs |
|---|---|
| Owner | 0xE863…44332-of-4 multisig |
| Guardian | None |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | January 30, 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 | 2.89% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x78Fc…94d0 |
| WETH token | 0xC02a…6Cc2 |
| Network | Ethereum |
The curator's description: "The Re7 WETH Morpho vault curated by Re7 Labs aims to outperform staked ETH yields by lending WETH against a diverse set of Liquid Staking and Liquid Restaking Token collateral markets."
Largest depositors
174 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x7AFD…311C | $267K | 46.2% |
| 0x82cb…8198 | $105K | 18.2% |
| 0xA64c…F2eC | $85.6K | 14.8% |
| 0xB55a…888A | $70.2K | 12.2% |
| 0x82a3…631B | $50.3K | 8.7% |
| 0x2e9E…C85b | $43.3K | 7.5% |
| 0x92F8…F40b | $22.5K | 3.9% |
| 0x7DaA…a868 | $5.8K | 1.0% |
| 0x6ab7…4897 | $3.7K | 0.6% |
| 0xf871…5Aa7 | $2.5K | 0.4% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Re7 WETH
Re7 WETH is a MetaMorpho vault (Morpho V1) on Ethereum, created on January 30, 2024. It takes WETH deposits and lends them to borrowers in 1 Morpho market. The curator, RE7 Labs, decides which markets it may use and how much can go into each.
It holds $578K (286.85 WETH) from 174 depositors and pays a net APY of 2.31% after its 20% performance fee. Over the last 30 days depositors actually earned 1.62% a year, and 1.07% 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 2-of-4 multisig wallet. Morpho's app shows a warning for this vault: deposits switched off.
Re7 WETH: quick answers
What is the APY of Re7 WETH on Ethereum?
Re7 WETH pays 2.31% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.62% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Re7 WETH 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 Re7 WETH right now?
Yes: all of its $578K 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 Re7 WETH and what does it charge?
RE7 Labs curates it. It keeps 20% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Re7 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.
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The same deposit asset, other curators and networks
