Aerodrome V1 · Base

WETH-MSETH

Overview

The Aerodrome V1 WETH-MSETH pool on Base is a liquidity position for swapping between Wrapped Ethereum (WETH) and the liquid-staking receipt token for staked ETH (MSETH). The protocol generates yield by facilitating trades between these two assets.

Total APY stands at 2.05%, combining base returns with rewards. Over the past seven days, the APY has decreased by 1.83% and over thirty days it has dropped by 6.10%, placing current rates below the 30-day mean of 5.24%.

TVL is $21.8M without a reported change in the last week; primary exposure here involves impermanent loss due to multi-asset liquidity provision. This pool's liquidity depth supports efficient trading for users swapping between WETH and MSETH.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 4.62%; 30-day mean is 4.90%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 62% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.