SingularV ETH
A Morpho vault on Ethereum that lends out WETH deposits, curated by SingularV. Depositors earn 1.44% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
1.44%
after fees, paid to depositors
30-day APY
1.33%
7-day 1.37%
Deposits
$126K
46.89 WETH
Withdrawable now
$105K
84% of deposits
Performance fee
10%
of the interest earned
Depositors
37
largest holds 56.1%
SingularV ETH 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% | $104K | 98.0% |
| WBTC / WETHLLTV 91.5% | $2.1K | 2.0% |
| wstETH / WETHLLTV 94.5% | $0 | 0.0% |
| weETH / WETHLLTV 86% | $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 | 98.0% |
|---|---|
| WBTC | 2.0% |
| ezETH | 0.0% |
| weETH | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 1.51% |
|---|---|
| Last 7 days | 1.37% |
| Last 30 days | 1.33% |
| Last year | 9.08% |
| Since the vault started | 7.95% |
Who controls this vault
| Curator | SingularV |
|---|---|
| Owner | 0x4605…45d5 |
| Guardian | 0x7A84…d841 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | June 19, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.7K |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 1.60% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x739d…2237 |
| WETH token | 0xC02a…6Cc2 |
| Network | Ethereum |
The curator's description: "SingularV ETH vault provides maximized return with limited risk by thorough risk evaluation on collateral and oracle"
Largest depositors
37 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x97c4…6524 | $70.7K | 56.1% |
| 0x9549…7184 | $34.7K | 27.6% |
| 0xfa10…A265 | $13.0K | 10.3% |
| 0x9D91…FFE9 | $3.5K | 2.8% |
| 0x5c89…8B5a | $2.7K | 2.1% |
| 0x3598…dcE7 | $856 | 0.7% |
| 0x5313…b9D3 | $235 | 0.2% |
| 0x8bB5…3ed3 | $219 | 0.2% |
| 0x6D14…817A | $118 | 0.1% |
| 0x4605…45d5 | $49.00 | 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 SingularV ETH
SingularV ETH is a MetaMorpho vault (Morpho V1) on Ethereum, created on June 19, 2025. It takes WETH deposits and lends them to borrowers in 2 Morpho markets. The curator, SingularV, decides which markets it may use and how much can go into each.
It holds $126K (46.89 WETH) from 37 depositors and pays a net APY of 1.44% after its 10% performance fee. Over the last 30 days depositors actually earned 1.33% a year, and 9.08% over the last year.
Its largest position is wstETH / WETH at 98% of what it lends, followed by WBTC / WETH (2%). Counting every market, its loans are backed mainly by wstETH (98%) and WBTC (2%). 84% 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. Morpho's app shows no warnings for this vault.
SingularV ETH: quick answers
What is the APY of SingularV ETH on Ethereum?
SingularV ETH pays 1.44% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.33% over the last 30 days. The rate changes every day with what its borrowers pay.
What does SingularV ETH lend against?
It lends WETH through 2 Morpho markets. The biggest is wstETH / WETH with 98% of its lending. Overall its loans are backed mainly by wstETH (98%) and WBTC (2%).
Can I withdraw from SingularV ETH right now?
About $105K of its $126K in deposits (84%) 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 SingularV ETH and what does it charge?
SingularV 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 SingularV ETH?
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.
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 |