SingularV ETH V2 on Ethereum
A Morpho V2 vault on Ethereum that lends out WETH deposits, curated by SingularV. Depositors earn 2.05% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
2.05%
after fees, paid to depositors
30-day APY
1.84%
7-day 1.79%, from the share price
Deposits
$397K
196.88 WETH
Withdrawable now
$387K
98% of deposits
Performance fee
5%
of the interest earned
Depositors
17
largest holds 11.4%
SingularV ETH V2 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% | $99.3K | 92.0% |
| cbBTC / WETHLLTV 91.5% | $8.5K | 7.9% |
| hgETH / WETHLLTV 91.5% · under $1,000, not tracked here | $97.00 | 0.1% |
| Idle cashnot lent out | $13.00 | 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 | 97.7% |
|---|---|
| cbBTC | 2.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.91% |
|---|---|
| Last 7 days | 1.79% |
| Last 30 days | 1.84% |
| Last 90 days | 1.70% |
Who controls this vault
| Curator | SingularV |
|---|---|
| Owner | 0x4605…45d5 |
| Timelock to raise a cap | 3 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 | 3 days |
| Allocators | 2addresses that move money between markets |
| Sentinels | 1can pull money back or cut caps in an emergency |
| Pending changes | 8IncreaseRelativeCap from October 31, 2026; IncreaseAbsoluteCap from October 31, 2026; IncreaseRelativeCap from October 31, 2026 |
| Created | January 22, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WETHprice $2.0K |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 2.16% |
| Vault contract | 0xF39A…256B |
| WETH token | 0xC02a…6Cc2 |
| Network | Ethereum |
The curator's description: "SingularV ETH lending vault on Morpho V2 that allocates across diversified collateral markets to generate yield for depositors. Curated by SingularV with a focus on risk-adjusted returns through disciplined market selection and parameter management."
Largest depositors
17 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x23cb…2b13 | $45.1K | 11.4% |
| 0x2291…2B3c | $35.9K | 9.1% |
| 0x4605…45d5 | $21.1K | 5.3% |
| 0x473C…2bc6 | $4.9K | 1.2% |
| 0x7229…8CBE | $600 | 0.2% |
| 0xc873…1688 | $237 | 0.1% |
| 0x38d9…d2f7 | $104 | 0.0% |
| 0x4c92…3599 | $30.00 | <0.01% |
| 0x32c4…A331 | $5.00 | <0.01% |
| 0xcbFF…1BC1 | $1.00 | <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 SingularV ETH V2
SingularV ETH V2 is a Morpho V2 vault on Ethereum, created on January 22, 2026. It takes WETH deposits and lends them to borrowers in 3 Morpho markets. The curator, SingularV, decides which markets it may use and how much can go into each.
It holds $397K (196.88 WETH) from 17 depositors and pays a net APY of 2.05% after its 5% performance fee. Over the last 30 days depositors actually earned 1.84% a year.
Its largest position is wstETH / WETH at 92% of its deposits, followed by cbBTC / WETH (8%) and hgETH / WETH (0%). Counting every market, its loans are backed mainly by wstETH (98%) and cbBTC (2%). 98% 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. Morpho's app shows no warnings for this vault.
SingularV ETH V2: quick answers
What is the APY of SingularV ETH V2 on Ethereum?
SingularV ETH V2 pays 2.05% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.84% over the last 30 days. The rate changes every day with what its borrowers pay.
What does SingularV ETH V2 lend against?
It lends WETH through 3 Morpho markets. The biggest is wstETH / WETH with 92% of its deposits. Overall its loans are backed mainly by wstETH (98%) and cbBTC (2%).
Can I withdraw from SingularV ETH V2 right now?
About $387K of its $397K in deposits (98%) 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 V2 and what does it charge?
SingularV 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 SingularV ETH V2?
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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