Re7 WETH on OP Mainnet
V2A Morpho V2 vault on OP Mainnet that lends out WETH deposits, curated by RE7 Labs. Depositors earn 6.54% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
6.54%
incl. 4.80% in rewards
30-day APY
1.35%
7-day 1.49%, from the share price
Deposits
$1.69M
839.17 WETH
Withdrawable now
$150K
9% of deposits
Performance fee
10%
of the interest earned
Depositors
83
largest holds 30.5%
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% | $3.13M | 100.0% |
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 | 2.44% |
|---|---|
| Last 7 days | 1.49% |
| Last 30 days | 1.35% |
| Last 90 days | 1.04% |
Who controls this vault
| Curator | RE7 Labs |
|---|---|
| Owner | 0xD8B0…C9402-of-4 multisig |
| 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 | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 0can pull money back or cut caps in an emergency |
| Pending changes | 2SetForceDeallocatePenalty from September 28, 2026; DecreaseTimelock from September 28, 2026 |
| Created | April 21, 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 | 1.93% |
| Rewards | OP 4.80% |
| Vault contract | 0x3d63…DD76 |
| WETH token | 0x4200…0006 |
| Network | OP Mainnet |
The curator's description: "The Re7 WETH Morpho V2 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
83 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x1251…Af2E | $514K | 30.5% |
| 0x4e7F…a896 | $461K | 27.3% |
| 0x843e…0639 | $350K | 20.7% |
| 0xFF76…fB4c | $189K | 11.2% |
| 0x15b4…7c4C | $163K | 9.7% |
| 0x7373…CCDC | $137K | 8.1% |
| 0xe7D4…5C30 | $119K | 7.1% |
| 0xa01A…7f41 | $117K | 6.9% |
| 0xc589…5E8e | $117K | 6.9% |
| 0x694A…11C6 | $101K | 6.0% |
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 Morpho V2 vault on OP Mainnet, created on April 21, 2026. 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 $1.69M (839.17 WETH) from 83 depositors and pays a net APY of 6.54% after its 10% performance fee. Over the last 30 days depositors actually earned 1.35% a year. About 4.80% of today's rate comes from OP rewards, which can stop at any time.
Its largest position is wstETH / WETH at 100% of its deposits. Counting every market, its loans are backed mainly by wstETH (100%). 9% 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 no warnings for this vault.
Re7 WETH: quick answers
What is the APY of Re7 WETH on OP Mainnet?
Re7 WETH pays 6.54% net APY right now, after its fees and including 4.80% of rewards. Measured from the growth of its share price, it paid 1.35% 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?
About $150K of its $1.69M in deposits (9%) 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 Re7 WETH and what does it charge?
RE7 Labs 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 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. This is not advice.
Other WETH vaults
The same deposit asset, other curators and networks
