Yearn OG WETH on Ethereum
A Morpho vault on Ethereum that lends out WETH deposits, curated by Yearn. Depositors earn 2.87% a year right now after a 5% performance fee.
Data from Morpho's API · updated
Net APY
2.87%
after fees, paid to depositors
30-day APY
1.97%
7-day 1.88%, from the share price
Deposits
$1.06M
528.58 WETH
Withdrawable now
$1.06M
100% of deposits
Performance fee
5%
of the interest earned
Depositors
34
largest holds 152.7%
Yearn OG 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 96.5% | $961K | 57.4% |
| weETH / WETHLLTV 94.5% | $457K | 27.3% |
| wstETH / WETHLLTV 94.5% | $256K | 15.3% |
| Idle cashnot lent out | $0 | 0.0% |
| WBTC / WETHLLTV 91.5% | $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 | 91.7% |
|---|---|
| weETH | 8.3% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 1.96% |
|---|---|
| Last 7 days | 1.88% |
| Last 30 days | 1.97% |
| Last 90 days | 1.81% |
| Last year | 2.23% |
Who controls this vault
| Curator | Yearn |
|---|---|
| Owner | 0xe5e2…89c04-of-7 multisig |
| Guardian | 0xFEB4…ff52 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 3addresses that move money between markets |
| Created | April 24, 2025 |
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 | 3.02% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xE893…24FC |
| WETH token | 0xC02a…6Cc2 |
| Network | Ethereum |
The curator's description: "Yearn OG vaults lend underlying assets to markets labeled as moderate risk (-2) by the Yearn team. Optimization across markets is handled automatically via an algorithm developed by Yearn. Supply caps are set based on various factors and continuously monitored by the Yearn team as well."
Largest depositors
34 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0xc564…dDB0 | $1.63M | 152.7% |
| 0xCC20…35D3 | $22.5K | 2.1% |
| 0xd069…eb87 | $12.9K | 1.2% |
| 0xd307…36A6 | $4.7K | 0.4% |
| 0x3B44…4bC4 | $3.9K | 0.4% |
| 0xA663…5F87 | $2.8K | 0.3% |
| 0x9e48…7c7C | $238 | 0.0% |
| 0xb6b0…722a | $235 | 0.0% |
| 0xa5D7…2CBa | $106 | <0.01% |
| 0xd9BA…Ec4F | $66.00 | <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 Yearn OG WETH
Yearn OG WETH is a MetaMorpho vault (Morpho V1) on Ethereum, created on April 24, 2025. It takes WETH deposits and lends them to borrowers in 3 Morpho markets. The curator, Yearn, decides which markets it may use and how much can go into each.
It holds $1.06M (528.58 WETH) from 34 depositors and pays a net APY of 2.87% after its 5% performance fee. Over the last 30 days depositors actually earned 1.97% a year, and 2.23% over the last year.
Its largest position is wstETH / WETH at 57% of its deposits, followed by weETH / WETH (27%) and wstETH / WETH (15%). Counting every market, its loans are backed mainly by wstETH (92%) and weETH (8%). 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.
Yearn OG WETH: quick answers
What is the APY of Yearn OG WETH on Ethereum?
Yearn OG WETH pays 2.87% net APY right now, after its fees. Measured from the growth of its share price, it paid 1.97% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Yearn OG WETH lend against?
It lends WETH through 3 Morpho markets. The biggest is wstETH / WETH with 57% of its deposits. Overall its loans are backed mainly by wstETH (92%) and weETH (8%).
Can I withdraw from Yearn OG WETH right now?
Yes: all of its $1.06M 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 Yearn OG WETH and what does it charge?
Yearn 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 Yearn OG 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. This is not advice.
Other WETH vaults
The same deposit asset, other curators and networks
