Compound WETH on Polygon
⚠ Deposits switched offA Morpho vault on Polygon that lends out WETH deposits, curated by Gauntlet. Depositors earn 0.03% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
0.03%
after fees, paid to depositors
30-day APY
0.02%
7-day 0.03%, from the share price
Deposits
$176K
87.80 WETH
Withdrawable now
$176K
100% of deposits
Performance fee
10%
of the interest earned
Depositors
928
largest holds 36.2%
Warnings from Morpho
- Deposits switched off
Morpho's app flags these. Check the bad debt page and the markets below before depositing.
Compound 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 |
|---|---|---|
| Idle cashnot lent out | $202K | 99.7% |
| wstETH / WETHLLTV 91.5% · under $1,000, not tracked here | $707 | 0.3% |
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
| Small or unlisted markets | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 0.03% |
|---|---|
| Last 7 days | 0.03% |
| Last 30 days | 0.02% |
| Last 90 days | <0.01% |
| Last year | 0.97% |
Who controls this vault
| Curator | Gauntlet |
|---|---|
| Owner | 0xCC3E…4a02 |
| Guardian | 0x8Ab7…F6e5 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 2addresses that move money between markets |
| Created | February 12, 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 | 0.03% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xF5C8…3cCF |
| WETH token | 0x7ceB…f619 |
| Network | Polygon |
The curator's description: "The Compound WETH Vault will list a selection of liquid collateral markets and allocate across them to optimize risk-adjusted yield. The Vault's risk strategy will follow the CORE framework, where the curator balances security and yield to provide a moderate risk profile and competitive APY for WETH suppliers."
Largest depositors
928 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x9275…ADAd | $63.8K | 36.2% |
| 0x9D27…36aC | $47.6K | 27.0% |
| 0xCC3E…4a02 | $26.3K | 14.9% |
| 0x5b4E…4533 | $23.5K | 13.3% |
| 0xa9f6…54Ff | $11.3K | 6.4% |
| 0xfFBF…2E2F | $9.4K | 5.3% |
| 0x9c0c…B0d7 | $9.0K | 5.1% |
| 0x3a21…a6D1 | $4.7K | 2.7% |
| 0x27B8…7B2d | $2.5K | 1.4% |
| 0xA1F5…4E77 | $2.0K | 1.1% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Compound WETH
Compound WETH is a MetaMorpho vault (Morpho V1) on Polygon, created on February 12, 2025. It takes WETH deposits and lends them to borrowers in 1 Morpho market. The curator, Gauntlet, decides which markets it may use and how much can go into each.
It holds $176K (87.80 WETH) from 928 depositors and pays a net APY of 0.03% after its 10% performance fee. Over the last 30 days depositors actually earned 0.02% a year, and 0.97% over the last year.
Its largest position is wstETH / WETH at 0% of its deposits. 100% sits idle, not lent out. Counting every market, its loans are backed mainly by Small or unlisted markets (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. Morpho's app shows a warning for this vault: deposits switched off.
Compound WETH: quick answers
What is the APY of Compound WETH on Polygon?
Compound WETH pays 0.03% net APY right now, after its fees. Measured from the growth of its share price, it paid 0.02% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Compound WETH lend against?
It lends WETH through 1 Morpho market. The biggest is wstETH / WETH with 0% of its deposits. 100% sits idle. Overall its loans are backed mainly by Small or unlisted markets (100%).
Can I withdraw from Compound WETH right now?
Yes: all of its $176K 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 Compound WETH and what does it charge?
Gauntlet 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 Compound 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.
Other WETH vaults
The same deposit asset, other curators and networks
