Convex Finance · Ethereum

MSETH-WETH

Overview

The Convex Finance MSETH-WETH pool on Ethereum is a multi-asset liquidity position that generates yield through the protocol's staking and governance token incentives. Users deposit a combination of mStable ETH (MSETH) and Wrapped Ether (WETH), which are then used to provide liquidity for trading pairs, earning rewards in Convex tokens.

The total APY stands at 10.36%, composed of a base yield of 2% and an additional reward component of 8.36%. Over the past seven days, the APY has decreased by 2.48%, while over the last thirty days, it has increased by 3.64%, placing the current rate above the 30-day mean of 10.43%.

TVL is currently at $7.9M with no reported change over the past seven days. The primary risk exposure for this pool involves impermanent loss due to its multi-asset nature, which can occur if the price ratio between MSETH and WETH deviates from expectations while users are locked into a liquidity position.

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 13.60%; 30-day mean is 13.85%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 53% confidence based on historical patterns.

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