Euler V2 · Ethereum

WSTETH (EVK Vault ewstETH-2)

Overview

The Euler V2 WSTETH pool on Ethereum is a single-asset lending position where suppliers earn variable interest on wrapped staked ETH deposits. The protocol generates yield by routing borrowing demand against pooled liquidity and pays lenders from the resulting interest spread. Total APY stands at 1.44% with no additional reward component. Over the past week, the rate has declined by 12.35%, while over the last month it has dropped by 3.33%. This places the current rate below the 30-day mean of 16.84%. TVL is $2.9M with no reported change in the past week; primary exposure is smart-contract risk due to the single-asset nature of the pool. The utilization rate on this lending position reflects typical levels for similar assets and protocols within the Euler V2 framework.

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 0.02%; 30-day mean is 0.02%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 57% confidence based on historical patterns.

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